What ConnectOne Bank does

ConnectOne Bank, operating through holding company ConnectOne Bancorp, Inc. (NASDAQ: CNOB), is a regional commercial bank founded in 2005 by Frank Sorrentino III and headquartered in Englewood Cliffs, New Jersey. The bank serves Northern New Jersey, the New York Metropolitan area, and South Florida with deposit products (checking, savings, money market, CDs), lending products (mortgages, commercial loans, SBA lending, personal and auto loans), treasury management services, and digital banking channels including iOS/Android mobile apps and an online account opening platform. It targets small businesses, commercial and real estate clients, healthcare practices, law firms, non-profit organizations, independent schools, real estate investors and landlords, and individual consumers through relationship-based banking with local decision-making authority and industry-specific solutions.

ConnectOne's technology stack centers on digital banking infrastructure including mobile apps, online banking, Remote Deposit Capture, Positive Pay fraud protection, ZEscrow, and an internally built data lake supporting analytics and lending decisions. The bank extends beyond standard FDIC limits through Extended FDIC Coverage and operates wholly-owned subsidiary BoeFly, Inc. as an online lending marketplace for commercial and SBA lending. Payment integrations include Zelle, Apple Pay, Google Pay, and Samsung Pay. The 2025 merger with The First of Long Island Corporation materially scaled the franchise to approximately $14 billion in total assets and $11 billion in deposits at close, with assets approaching $15 billion by Q1 2026.

ConnectOne generates revenue primarily through net interest income on its loan portfolio and securities (FY2025 net income $74.4M, up from $67.8M in FY2024) plus non-interest income from service charges, treasury management fees, wire/ACH fees, and its non-profit affinity program. Q1 2026 results showed $116.64M in revenue (beating $115.46M consensus), NIM of 3.39% (+12 bps), approximately 10% annualized loan growth, NPAs at 0.29% of total assets, and an 8.3% dividend increase to $0.195 per share. The bank distributes through a multi-channel model combining physical branches, relationship managers, industry specialists, treasury management consultants, and self-service digital channels, with thought-leadership marketing via Forbes CEO contributions and the 'Building the Blueprint' podcast.

Name

ConnectOne Bank

Legal name

ConnectOne Bancorp, Inc.

Website

https://connectonebank.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

ConnectOne Bank (NASDAQ: CNOB) is a regional commercial bank serving Northern New Jersey, New York Metro, and South Florida with deposits, lending, treasury management, and digital banking solutions for small businesses, commercial clients, professionals, non-profits, and consumers.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

akta.pro secondary industries

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

• Community banking services
• Commercial lending products
• Personal banking solutions
• Treasury management services
• Residential mortgage loans

Headquarters

HQ city

Englewood Cliffs

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Non-Interest Income: Fee income from deposit account services, wire transfers, treasury management services, loan origination fees, and other banking service charges.
2. Service Charges and Fees: Various banking fees including overdraft protection fees, wire fees, ACH fees, safe deposit box rentals, and other account-related service charges.
3. Affinit y Program: Non-profit affinity banking program where ConnectOne contributes annually based on supporter deposit balances to enrolled non-profit organizations.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

ConnectOne Bank provides personal and business banking products including deposit accounts (checking, savings, money market, CDs), lending products (mortgages, home equity, commercial, SBA, personal, and auto loans), treasury management solutions, fraud protection (Positive Pay), and extended FDIC coverage. The bank serves consumers, small businesses, commercial real estate clients, healthcare practices, law firms, non-profits, independent schools, and real estate investors through branch locations, digital channels, and relationship-based bankers in Northern NJ, New York Metro, and South Florida.

Product overview

ConnectOne Bank is a regional commercial bank offering a unified banking platform with personal and business banking products. The core offering includes deposit accounts (checking, savings, money market, time deposits) and lending products (mortgages, commercial loans, personal loans, auto loans, SBA lending). The bank provides digital banking through online and mobile platforms, with add-on modules including treasury management, Positive Pay fraud protection, Remote Deposit Capture, wires and ACH transfers, and extended FDIC coverage. Specialized industry solutions serve non-profits, schools, real estate/landlords, law firms, and healthcare practices. The bank's subsidiary BoeFly, Inc. supports commercial lending operations through an online loan marketplace.

Differentiator

Problem solved

Functional benefit

Products and services

• Small Business Checking Business checking account with 24/7 banking access, online and mobile banking, fraud protection, and competitive rates designed for small business needs.
• Business Online Banking Comprehensive online banking platform for business customers to manage accounts, process payments, view transactions, and access treasury management tools.
• Business Mobile Banking Mobile banking application allowing business customers to access accounts, deposit checks, and manage finances from smartphones and tablets.
• Treasury Management Solutions Suite of cash management services including cash management, liquidity management, and information reporting to help businesses optimize cash flow and facilitate fund movements.
• Positive Pay Automated fraud detection tool that protects business accounts against altered, forged, and counterfeit checks and ACH transactions by comparing presented items against authorized entries.
• Remote Deposit Capture Electronic check deposit service allowing business clients to deposit checks using desktop scanners or mobile devices without visiting a branch.
• Wires & ACHs Electronic funds transfer services enabling businesses to send and receive domestic and international wire transfers and ACH payments.
• Extended FDIC Coverage Multi-million dollar FDIC coverage solution that provides additional deposit insurance beyond standard $250,000 limits for business accounts with substantial balances.
• SBA Lending Small Business Administration loan programs providing government-backed financing options for eligible businesses including 7(a) and 504 loans.
• Commercial Loans Commercial lending products including term loans, lines of credit, and specialized financing for business growth and operations.
• Real Estate Financing Commercial real estate lending for property acquisition, development, and refinancing including multi-family, commercial, and investment properties.
• Business Credit Cards Business credit card products offering purchasing power, rewards, and expense management tools for business owners.
• Personal Checking Account Personal checking account with features including online banking, mobile banking, Visa debit card access, and competitive interest rates on select accounts.
• Connection Plus Savings High-yield savings account with tiered interest rates based on balance levels, designed for personal savings goals with competitive APY. Rates effective as of 5/12/2026.
• Business Impact Money Market Business money market account with tiered interest rates requiring minimum balance of $2,500 to earn competitive yields, with FDIC coverage. Rates effective 5/12/26.
• Connect Money Market Personal money market account earning premium interest rates with the flexibility of a checking account, requiring $1,000 minimum to open.
• Time Deposits (CDs) Certificate of deposit products with various terms (4-month to 23-month) offering fixed interest rates and FDIC insurance, including IRA CDs.
• Mortgage Loans Residential mortgage products including fixed-rate mortgages (10, 15, 20, 30-year terms) and adjustable-rate mortgages (5/6, 7/6, 10/6 ARM options) for home purchases and refinancing.
• Home Equity Loans & Lines of Credit Home equity financing options including fixed-rate home equity loans and variable-rate HELOC products for homeowners to access equity.
• Personal Loans Unsecured and secured personal loans for various needs including home improvements, debt consolidation, and major purchases, with terms from 24 to 60 months.
• Auto Loans Vehicle financing for new and used automobiles with competitive rates and terms up to 60 months, available with or without auto-deduct payment discounts.
• Industry Solutions Specialized banking solutions tailored for specific industries including non-profit organizations, independent schools, real estate/landlords, law firms, and healthcare practices.
• Affinity Program Non-profit partnership program enabling organizations to raise funds by referring supporters to open accounts, with annual contributions based on referred deposit balances.
• Visa Debit Cards Debit card access with fraud protection, zero liability protection, and acceptance at millions of merchants worldwide, including mobile wallet compatibility.
• BoeFly, Inc. Subsidiary company providing online lending marketplace and loan matching services, supporting ConnectOne Bank's commercial and SBA lending operations.

Quantifiable outcome

• Q1 2026 EPS of $0.79 operating earnings, beating consensus estimates
• +4 more outcomes

Named customers2 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core and minor.

• First of Long Island Corporation (FLIC)coreStrategic or Co-development Partner · 2 June 2025ConnectOne Bancorp completed its merger with The First of Long Island Corporation on June 2, 2025, creating a combined entity with approximately $14 billion in total assets and $11 billion in deposits. The merger was integrated within one month post-close and contributed to increased assets, loans, deposits, and improved profitability ratios. The combined entity operates across Northern New Jersey, New York Metropolitan, and South Florida markets.
• ICBA CRA SolutionsminorStrategic or Co-development PartnerConnectOne Bank partnered with ICBA CRA Solutions, an organization powered by the Senior Housing Crime Prevention Foundation, to provide education for safe, secure senior living environments. ConnectOne sponsors the protection of local senior living facilities through ICBA CRA Solutions' Senior Crimestoppers program, a nationwide crime prevention program.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BCB Bancorp: New Jersey community bank (Bayonne Community Bank) of similar scale with comparable CRE, multifamily, and consumer deposit franchise in the NJ metro.
• Northfield Bancorp: Staten Island, NY-headquartered community bank serving the NYC metro with similar multifamily/CRE and consumer banking focus; directly comparable in the NY MSA market.
• Kearny Financial Corp: New Jersey savings bank with similar deposit-gathering model, multi-branch footprint in NJ, and comparable consumer/SMB banking focus; a relevant community banking comp.
• Valley National Bancorp: New Jersey-headquartered regional commercial bank serving similar SMB, CRE, and consumer segments across the NY/NJ/FL footprint; closest direct peer given overlapping geographies, product mix, and CRE lender focus.
• Provident Financial Services: New Jersey-based commercial and consumer bank with comparable asset size, branch network in Northern NJ, and similar CRE/SMB lending orientation; pure-play community bank competitor.
• First Bank (NJ): New Jersey-based community commercial bank with similar SMB and CRE lending focus, serving overlapping Northern NJ and Greater Philadelphia markets.
• Lakeland Bancorp: Northern New Jersey community bank of similar scale, focused on SMB lending, commercial banking, and consumer deposits; directly competes for the same relationship-based clients.
• Peapack-Gladstone Financial Corp: Wealth-management-focused NJ bank with similar high-touch relationship banking model, private banking tilt, and affluent deposit gathering strategy that mirrors ConnectOne's premium positioning.
• New York Community Bancorp (Flagstar Financial): Multi-state regional bank with concentrated CRE and multifamily lender exposure, similar community-bank deposit franchise, and overlapping presence in NY/NJ metro markets; key comparable for the CRE-heavy loan mix.

Broad incumbents

• Independent Bank Corp (Massachusetts): New England-based community bank holding company with similar asset size and operating model (Rockland Trust); broader community banking benchmark for measuring ConnectOne's growth, NIM, and asset quality trajectory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ConnectOneBank
• Facebookfacebook.com/ConnectOneBank
• LinkedInlinkedin.com/company/connectonebank
• Instagraminstagram.com/connectonebank

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ConnectOne Bank