On December 21, 2018, SB One Bancorp completed its previously announced acquisition of Enterprise Bank N.J., pursuant to an Agreement and Plan of Merger, dated as of June 19, 2018, by and between the company, SB One Bank and Enterprise Bank. Under the terms of the Merger Agreement, Enterprise Bank merged with and into SB One Bank, with SB One Bank being the surviving bank. On December 19, 2018, in connection with and effective upon completion of the Merger, and in accordance with the terms of the Merger Agreement, the Board of Directors of the Company appointed Salvatore A. Davino and Michael F. Lombardi, Esq. to the Board. In addition, Messrs. Davino and Lombardi were each appointed to the Board of Directors of SB One Bank. Effective immediately, Enterprise Bank President and CEO Don Haake will serve as Senior Executive Vice President of Regional Banking of SB One Bank.