Key Developments: ConnectOne Bancorp Inc (CNOB.OQ)

CNOB.OQ on NASDAQ Stock Exchange Global Select Market

49.86USD
17 Apr 2014
Price Change (% chg)

$0.91 (+1.86%)
Prev Close
$48.95
Open
$48.94
Day's High
$49.86
Day's Low
$48.94
Volume
955
Avg. Vol
3,744
52-wk High
$49.90
52-wk Low
$28.01

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Latest Key Developments (Source: Significant Developments)

Center Bancorp Inc and ConnectOne Bancorp Inc. to Merge, Creating New Jersey's Premier Community Bank
Tuesday, 21 Jan 2014 07:01am EST 

Center Bancorp Inc:Says company and ConnectOne Bancorp Inc jointly entered into a definitive agreement to merge, in a transaction valued at $243 mln, based on the closing price of Center common stock on Jan. 17.Says the combined company will have about $3.0 bln in total assets, $2.3 bln in total deposits and $2.1 bln in total loans with 24 branch locations across northern New Jersey.Says on a pro forma basis, the combined bank will be the fourth largest New Jersey headquartered banking institution in the markets it serves and will be focused on serving middle market commercial businesses in some of the most affluent counties in the state.  Full Article

ConnectOne Bancorp Inc Announces Closing Of $44.8 Million Initial Public Offering
Friday, 15 Feb 2013 11:30am EST 

ConnectOne Bancorp Inc announced that the closing of its previously announced initial public offering of 1,600,000 shares of common stock at $28.00 per share resulting in aggregate gross proceeds of $44.8 million. The shares issued today do not include up to 240,000 shares which may be purchased by the underwriters within 30 days pursuant to their over allotment option granted by ConnectOne. The net proceeds of the offering, after deducting estimated underwriting discounts and offering expenses, were approximately $41.5 million.Stifel, Nicolaus & Company, Incorporated served as the sole book-running manager for the offering, Keefe, Bruyette & Woods, Inc. served as lead manager and Sandler O'Neill & Partners, L.P. served as co-manager.  Full Article

ConnectOne Bancorp Inc Files IPO For Up To $57.5 Million In Common Stock-DJ
Saturday, 12 Jan 2013 04:14am EST 

Dow Jones reported that ConnectOne Bancorp Inc. filed documents on January 11, 2013, to launch an initial public offering worth as much as $57.5 million. The Englewood Cliffs, N.J., bank concentrates business in commercial real estate and construction and business loans for small- and medium-size businesses. The Company said it plans to list shares on the Nasdaq Stock Market under the ticker symbold CNOB. The Company said in the filing that it plans to use proceeds from the offering to support growth in loan and investment portfolios, acquire other banks and for general purposes. Stifel Nicolaus Weisel, Keefe, Bruyette & Woods and Sandler O'Neill + Partners will serve as underwriters.  Full Article

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