Company Profile
- ConnectOne Bancorp, Inc. (NASDAQ: CNOB) (“ConnectOne” or “the company”) is the holding company for subsidiary, ConnectOne Bank (“the bank”), which operates a branch-lite banking network, with 24 locations primarily throughout Northern NJ, including the fifth largest deposit market share in NJ among locally headquartered banks. The bank also has a smaller presence in NY, and recently established a branch in West Palm Beach, FL.
- CNOB’s strategy revolves around its commitment to the future of banking, notably leveraging technology, including selective fintech partnerships, specifically its subsidiary BoeFly, to provide growth opportunities, enhancements to internal processes, which, in turn helps produce strong operational efficiency and provides a faster and more responsive loan application/approval process. As such, the company can grow organically at a relatively quick pace, at times targeting market share from larger/legacy institutions and capitalizing…