Understand any stock in simple English
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ConnectOne Bancorp, Inc.
ConnectOne Bancorp is the holding company for ConnectOne Bank, which takes deposits and makes loans to small and mid-sized businesses, professionals, and individuals.
ConnectOne Bank is a community-style commercial bank that makes its money the old-fashioned way: it takes in deposits from customers and lends that money out at a higher interest rate. Most of its lending goes to small and mid-sized businesses, along with professionals and ordinary individuals, and it operates branches mostly in the New York City metro area and Florida.
The bank does not just sell mortgages and business loans. A meaningful chunk of its business is niche lending to owners of apartment buildings — so-called multi-family and commercial real estate loans — which makes it sensitive to how the property market and interest rates behave. It also offers deposit accounts, treasury management, and other everyday banking services that keep business customers sticking around. ConnectOne's edge is its relationships and local knowledge rather than scale. It competes with giant national banks and with other regional banks, and it grows partly through acquisitions of smaller institutions.
In 2025 ConnectOne announced it would merge with a sister company, ConnectOne Bancorp's old rival First of Long Island, in a deal that would create a larger Long Island and New York metro lender. That deal makes it one of the region's bigger community banks.
Saved answer · last researched 15 Nov 2026