ENGLEWOOD CLIFFS, N.J., July 15, 2015 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq:CNOB) (the "Company" or "ConnectOne"), parent company of ConnectOne Bank (the "Bank"), has expanded into New York City with the opening of its first commercial bank office located at 551 Madison Avenue. The move positions ConnectOne to best serve existing NY-based customers and establish new relationships in a market seeking highly-customized financial solutions.
"Being in New York not only expands our geographic footprint, it furthers our mission; we exist to serve growing businesses that need more than a place to bank, but a true partner that can guide and grow with them," said Frank Sorrentino III, Chairman and Chief Executive Officer of ConnectOne Bank. "New York is the hub of global commerce and represents tremendous opportunity for us and our future talent. The market has been waiting for an institution with the capabilities of a national bank and the one-to-one, personal attention that ConnectOne is known for."
"Our expansion into New York City is a natural progression in ConnectOne's growth story. The new office extends a decade of experience and our dedicated focus on meeting the unique financial needs of small business owners, independent schools, professional services and real estate professionals," said Elizabeth Magennis, EVP & Chief Banking Officer of ConnectOne, who began her career in the New York market. With a track record of specialization and a full suite of tailored financial products and advisory services, ConnectOne is well-positioned to help these market segments capitalize on opportunity and achieve long-term growth.
About ConnectOne Bancorp, Inc.
ConnectOne is a New Jersey corporation and a registered bank holding company pursuant to the Bank Holding Company Act of 1956, as amended, and serves as the holding company for ConnectOne Bank ("the Bank"). The Bank is a community-based, full-service New Jersey-chartered commercial bank that was founded in 2005. The Bank operates from its headquarters located at 301 Sylvan Avenue in the Borough of Englewood Cliffs, Bergen County, New Jersey, and following consummation of the merger on July 1, 2014, through its twenty-three other banking offices.
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