Bank Consolidation Remains Beneficial: ConnectOne CEO

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ConnectOne Bank CEO Frank Sorrentino believes bank consolidation remains beneficial for smaller banks, as clients move between firms and product options change, citing Santander's $12 billion acquisition of Webster as an example.

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Market impact analysis based on bullish sentiment with 90% confidence.

المشاعر
Bullish
ثقة الذكاء الاصطناعي
90%
الأفق الزمني
قصير الأجل

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Frank Sorrentino, Founder and CEO of ConnectOne Bank, joins Bloomberg Businessweek Daily to discuss the state of regional banks as Santander snaps up Webster for $12 billion in a push for US expansion. Sorrentino says smaller banks benefit from consolidation as clients move from firm to firm and bank product options change. He also discusses the state of the consumer and the housing market as the Trump administration mulls different housing-related proposals centered around affordability. Sorrentino speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

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المقال الأصلي منشور بواسطة Bloomberg في فبراير 5, 2026.
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