8-K
ConnectOne Bancorp, Inc. (CNOB)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of1934
Date of Report (Date of earliest event reported): May 5, 2022
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CONNECTONE BANCORP, INC.
(Exact name of registrant as specified in its charter)
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| New Jersey | 000-11486 | 52-1273725 |
|---|---|---|
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
301 Sylvan Avenue
Englewood Cliffs, New Jersey 07632
(Address of Principal Executive Offices) (Zip Code)
(201) 816-8900
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities<br> Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange<br> Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange<br> Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br> Symbol(s) | Name<br> of each exchange on which registered |
|---|---|---|
| Common<br> stock, no par value | CNOB | NASDAQ |
| Depositary<br> Shares (each representing a 1/40th interest in a share of 5.25% Series A Non-Cumulative, perpetual preferred stock) | CNOBP | NASDAQ |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On May 5, 2022, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
| 99.1 | Press Release dated May 5, 2022 |
|---|---|
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ConnectOne Bancorp, Inc. | ||
|---|---|---|
| Date: May 5, 2022 | By: | /s/ William S. Burns |
| William S. Burns | ||
| Executive Vice President and Chief Financial Officer |
EdgarFiling EXHIBIT 99.1
ConnectOne Bank Announces Partnership with Nymbus to Build Bespoke Banking Solution
ENGLEWOOD CLIFFS, N.J., May 05, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bank (“ConnectOne”), the insured depository subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB), announced today its partnership with Nymbus, a cloud-native platform and leading provider of banking technology solutions and core services, to offer digital business banking solutions.
“Since inception, ConnectOne Bank’s mission has been to offer our clients best-in-class banking experiences tailored to their unique needs. As we diversify our client roster, partnering with Nymbus allows us to continue that mission by building a niche-based vertical powered by leading technology,” said Frank Sorrentino III, Chairman & CEO of ConnectOne Bank. “We look forward to working with Nymbus to extend our mission into new segments.”
This partnership adds another layer to ConnectOne’s cloud-based banking strategy while allowing the company to target new market segments with a tailored bank offering. ConnectOne will be leveraging Nymbus’s full suite of products with comprehensive data and brand strategy to build bespoke solutions founded on speed, flexibility, and meaningful growth.
“It’s our privilege to partner with a modern financial institution like ConnectOne, who takes a client-centric, tech-forward approach to its business. Together, we help organizations be intentional with their digital strategy–-innovating with focused financial products and services that are strategically built to grow and serve communities with like-minded needs,” said Nymbus Chairman and CEO Jeffery Kendall.
ConnectOne plans to launch this new vertical by year-end 2022.
About ConnectOne Bank ConnectOne Bank, a subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB) is a leading commercial bank with total assets in excess of $8 Billion. ConnectOne offers a full suite of banking and lending services to commercial, small business and consumer clients. Founded by an entrepreneur, ConnectOne combines leading digital solutions with high-level service to offer an unparalleled experience to its clients. www.ConnectOneBank.com
About Nymbus
Nymbus enables banks, brands, and fintechs of any size to accelerate growth through new routes to market. This includes a full suite of banking technology applications available to modernize and optimize existing channels, as well as the operational resources to get to market quickly with a full-scale digital brand immediately positioned at capturing new niche customer segments. Whichever growth path you choose, Nymbus buys back decades of lost time and accelerates your ability to engage and support the entire customer journey.
Media Contact: Sutton Resler, MWW 571.236.4966: sresler@mww.com