ConnectOne Bank
Englewood Cliffs, New Jersey, Bergen County
$14.4B in total assets, the 136th largest of 4,309 US banks and 4th of 50 headquartered in New Jersey.
- FDIC certificate
- 57919
- Established
- 2005
- Owned by
- Connectone Bcorp Inc
- Primary regulator
- FDIC
- Website
- www.connectonebank.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $14.4B | 22% | $22.5B | |
| Loans | $11.9B | 34% | $14.5B | |
| Deposits | $11.8B | 23% | $18.4B | |
| Return on assets | 1.26% | 47% | 1.30% | |
| Net interest margin | 3.55% | 43% | 3.62% | |
| Efficiency ratio | 43.8% | 17% | 55.2% | |
| Equity to assets | 12.26% | 64% | 11.57% | |
| Loans to deposits | 101% | 89% | 87% |
Growth
Total assets grew 13.3% a year over the last 5 years and 12.9% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 2025 | The First National Bank of Long Island Glen Head, NY | $4.1B |
| Jan 2020 | Bank of New Jersey Fort Lee, NJ | $940M |
| Jan 2019 | Greater Hudson Bank Bardonia, NY | $538M |
| Jul 2014 | Union Center National Bank Union, NJ, an affiliate under the same holding company | $1.7B |
| May 2009 | Citizens Community Bank Ridgewood, NJ | $41M |
Where they operate
57 branches in 15 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Bergen County, NJ | $5.0B | 7.1% | 6 of 45 |
| Nassau County, NY | $1.9B | 1.9% | 12 of 33 |
| Suffolk County, NY | $1.3B | 2.1% | 12 of 22 |
| Union County, NJ | $1.2B | 4.9% | 7 of 30 |
| Morris County, NJ | $450M | 1.6% | 14 of 28 |
| Essex County, NJ | $325M | 1.1% | 15 of 31 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 36 branches since 2016 (21 to 57, +171.4%). 6 opened, 45 acquired, 15 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 21 | |||
| 2018 | Opened Astoria and MelvilleClosed Union | 2 | 1 | +1 | 22 |
| 2019 | Acquired Greater Hudson BankClosed Madison | 7 | 1 | +6 | 28 |
| 2020 | Acquired Bank of New JerseyClosed Boonton and Princeton | 2 | 2 | 0 | 28 |
| 2021 | Sold 2 branches to Rhinebeck Bank | 0 | 2 | −2 | 26 |
| 2022 | Opened West Palm BeachClosed 3 in New Jersey | 1 | 3 | −2 | 24 |
| 2023 | Closed Haworth | 0 | 1 | −1 | 23 |
| 2024 | Opened East Hampton | 1 | 0 | +1 | 24 |
| 2025 | Acquired The First National Bank of Long IslandOpened Ronkonkoma | 37 | 0 | +37 | 61 |
| 2026 through Q2 | Opened Long Island CityClosed 5 in New York | 1 | 5 | −4 | 57 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 36% | 25% | |
| Multifamily | 31% | 8% | |
| 1-4 family residential | 13% | 21% | |
| Business (C&I) | 9% | 17% | |
| Construction and land | 7% | 6% | |
| Consumer | 0% | 10% | |
| Other | 4% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 53% | 62% | |
| Time deposits | 25% | 18% | |
| Noninterest-bearing | 22% | 20% |
Brokered deposits are 8.6% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.68% | 0.63% |
| Net charge-offs, annualized | 0.47% | 0.14% |
| Reserves to loans | 1.18% | 1.14% |
| Leverage ratio | 10.81% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New Jersey
Largest competitors in Bergen County, NJ
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/connectone