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ConnectOne Bancorp closes BoeFly acquisition

Englewood Cliffs, N.J.-based ConnectOne Bancorp Inc. closed its acquisition of online business lending marketplace BoeFly LLC.

BoeFly will be led by Michael Rozman, a co-founder and its former CEO. It will continue to operate as an independent brand within ConnectOne Bancorp.

BoeFly has supported more than $5 billion of financing transactions, and it also generates revenues through referral and subscription fees from lenders, franchisers, loan brokers and borrowers.