Report|8 Sep 2025

ConnectOne Bancorp, Inc. Surveillance Report

Company Profile

  • ConnectOne Bancorp, Inc. (NASDAQ: CNOB; “ConnectOne” or “the company”) is the parent of ConnectOne Bank (“the bank”), a commercially oriented bank centered in the NY/NJ region. As of 2Q25, CNOB’s total assets were ~$14 billion, expanded by the recent merger with The First of Long Island Corporation (“FLIC”) [closed 2Q25], which materially extended scale and geographic reach, strengthened Long Island presence, and improved NYC metro deposit share. The combined institution now operates 59 branches (24 pre-merger) with 700+ FTE, and management reports limited attrition of FLIC’s client base. Nearly all FLIC branches and staff were initially retained to support customer continuity, though there is potential for some rationalization where overlap exists. CNOB’s business model remains focused on small/mid-sized commercial clients, emphasizing relationship banking and technology-enabled efficiency. Its branch-lite approach and fintech partnerships (including subsidiary…
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