Bridge Bancorp, Inc., the parent company of The Bridgehampton National Bank, announced last week it had obtained all regulatory approvals in connection with the acquisition of FNBNY Bancorp and its wholly owned subsidiary, the First National Bank of New York. In addition, FNBNY will hold a special meeting of shareholders on Feb. 12 to obtain shareholder approval of the acquisition. Shareholders representing a majority of the FNBNY voting shares previously have entered into voting agreements to approve the acquisition, and the transaction is expected to close on Friday, Feb. 14.
“I am pleased to announce we have received all regulatory approvals in less than four months from the September 2013 announcement of the merger agreement. This outcome reflects the diligence and cooperation among the respective boards of directors, management teams, and regulatory agencies,” noted Kevin M. O’Connor, President and CEO of Bridge Bancorp. “We have been simultaneously working on the integration process and plan on converting FNBNY onto our core banking platform immediately following the closing,” commented Mr. O’Connor.
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