ConnectOne Bancorp, Inc. | Stephens

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Co-Manager

ConnectOne Bancorp, Inc.

$115 Million 08/18/2021 Depository Complete
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Transaction Details

  • On August 19, 2021, ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (“ConnectOne”), the holding company for ConnectOne Bank, issued and sold 4,600,000 depositary shares (the “depositary shares”), including 600,000 depositary shares issued upon the exercise in full by the Underwriters of their overallotment option
  • The depositary shares each represent a 1/40th interest in a share of ConnectOne’s 5.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, no par value per share, with a liquidation preference of $25.00 per depositary share (equivalent to $1,000 per share of Series A Preferred Stock).
  • ConnectOne has applied to list the depositary shares on the Nasdaq Global Select Market under the symbol “CNOBP”
  • ConnectOne intends to use the net proceeds of the offering for general corporate purposes

About the company

ConnectOne Bancorp, Inc., through its subsidiary, ConnectOne Bank offers a full suite of both commercial and consumer banking and lending products and services through its banking offices located across New York and New Jersey. ConnectOne Bancorp, Inc. is traded on the Nasdaq Global Market under the trading symbol “CNOB”.

Sources: Company Filings.
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