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 of 1934
Date of Report (Date of earliest eventreported): September 13, 2022
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CONNECTONE
BANCORP, INC.
(Exact name of registrant as specified in its charter)
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| New Jersey | 001-40751 | 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 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 Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common stock | CNOB | NASDAQ |
| Depositary 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 September 13, 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 September 13, 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:September 13, 2022 | By: | /s/ William S. Burns |
| William S. Burns | ||
| Senior Executive Vice President and Chief Financial Officer |
EdgarFiling EXHIBIT 99.1
ConnectOne Bank Partners with MANTL to Enhance Deposit Onboarding for Businesses and Consumers
ENGLEWOOD CLIFFS, N.J., Sept. 13, 2022 (GLOBE NEWSWIRE) -- MANTL, a leading provider of account origination solutions, today announced a partnership with ConnectOne Bank, the wholly-owned depository subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB), to streamline and digitize the bank’s deposit onboarding process for consumer, small business and commercial clients while driving efficiency and opening new revenue streams.
MANTL will enhance ConnectOne’s deposit origination platform, providing omnichannel Consumer Deposit Origination and Business Deposit Origination solutions that enable consumers and businesses of all sizes and complexities to simply and efficiently open a deposit account online, in-branch, in a call center or in the field. This partnership is a strategic initiative that allows ConnectOne to expand its commercial banking model and will help drive deposit growth, support geographic and market expansion, create new verticals and streamline back-office efficiencies at the nearly $9B asset-sized bank.
“ConnectOne and MANTL share a tech-first, entrepreneurial and forward-thinking mentality,” said Nathaniel Harley, co-founder and CEO of MANTL. “We are building for the future and believe that strategic banking technology is key to remaining agile and relevant in today’s digital-first banking landscape. We are thrilled to support ConnectOne’s ongoing growth and business objectives as its deposit origination solution of choice.”
“We’re building for the future and our partnership with MANTL furthers ConnectOne’s tech-forward strategy while supporting our growth and scale. MANTL’s modern digital platform allows ConnectOne to offer our clients and bankers an end-to-end deposit onboarding solution, optimizing business opportunities and creating efficiencies,” said Frank Sorrentino, chairman and CEO of ConnectOne. “In addition to transforming the user experience on the front-end, MANTL will dramatically streamline operations to reduce friction and the duplication of processes, while providing access to actionable real-time data. These initiatives expand ConnectOne’s reach, support our growth into new markets, and work to enhance our industry-leading efficiency ratio.”
MANTL will replace a variety of systems at ConnectOne to create new avenues for growing deposits while refining and modernizing new client onboarding, client engagement, and the management of deposit origination, product set and services.
For more information on MANTL or to schedule a demo, please visit: https://www.mantl.com/request-a-demo/.
About MANTL MANTL is a financial technology firm offering omnichannel account origination software for banks and credit unions. Consumer Deposit Origination by MANTL is among the fastest and most performant solutions on the market, empowering net-new prospects to open accounts in under three minutes, enabling existing account holders to open additional accounts with just one click, and reducing fraud by as much as 67%. Business Deposit Origination by MANTL is a first-of-its-kind solution that reimagines account opening for businesses of all sizes by automating up to 97% of application decisions. MANTL’s customers have raised billions in core deposits to date. Founded in 2016, MANTL is a privately held company headquartered in New York with the backing of prominent venture capital investors. For more information, visit mantl.com.
About ConnectOne Bank ConnectOne Bank, a subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB) is a leading commercial bank with total assets nearing $9 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
Investor Contact
William S. Burns Senior Executive VP & CFO **201.816.4474:**bburns@cnob.com
Media Contact : Shannan Weeks, MWW **732.299.7890:**sweeks@mww.com