ConnectOne Bancorp Inc. (CBM)

Overview

ConnectOne Bancorp, Inc. stands as the bank holding company for ConnectOne Bank, primarily serving small and mid-sized businesses, local professionals, and individuals. This institution extends its commercial banking products and services across the New York Metropolitan area and South Florida market. Originally established under the name Center Bancorp, Inc., it underwent a name change to ConnectOne Bancorp, Inc. in July 2014, marking a significant phase in its corporate evolution. The company, which was incorporated in 1982, has its headquarters nestled in Englewood Cliffs, New Jersey, positioning itself as a pivotal player in the regional banking sector.

Products and Services

ConnectOne Bancorp, Inc. offers a diversified portfolio of products and services designed to meet the varied needs of its clients, encompassing both personal and business banking solutions:

• Checking, Money Market, and Savings Accounts: The company provides an array of accounts including personal and business checking, money market, and various time and savings accounts, catering to the day-to-day financial management needs of individuals and businesses alike.
• Credit Cards and Banking Services: Alongside credit card facilities, ConnectOne Bancorp offers a suite of banking services such as wire transfers, safe deposit boxes, and access to automated teller services. It also embraces modern banking conveniences with telephone, internet, and mobile banking platforms.
• Retirement Accounts: Tailoring to the future financial security of its clients, the bank furnishes retirement account services, enabling individuals to plan and save for their retirement effectively.
• Cash Management: For business clients, ConnectOne Bank proposes an extensive range of cash management services including treasury direct, automated clearing house, remote deposit capture, and digital invoicing, streamlining business operations and enhancing financial efficiency.
• Loans and Lines of Credit: The company’s credit services span consumer and commercial business loans, covering lines of credit, commercial and residential mortgages, home equity, bridge loans, and other personal loans. It also specializes in commercial loans secured by various forms of collateral, such as business assets and real estate, in addition to offering real estate loans secured by first liens on commercial properties and residential mortgages for 1-4 family homes and condominium/cooperative units.