In an exclusive interview with TheStreet, State Bancorp president and CEO Thomas O'Brien discusses the bank's merger with Valley National Bancorp, regulatory challenges and the market conditions for banks on Long Island.
Shares of State Bancorp (Nasdaq:STBC) have taken a tremendous swing upward. The stock is trading at $13.19 as of 3:57 p.m. ET, 20.4% above Thursday's closing price of $10.96. Volume is at 529,291, 19.2 times the daily average of 27,600.