Banks | ConnectOne Bank

ConnectOne Bank


ConnectOne Bank ACH Number: 021213944

ConnectOne Bank is an FDIC insured institution headquartered at 301 Sylvan Ave, Englewood Cliffs, NJ 07632.
It was founded in 2005 and has approximately $10 billion in assets. Customers can open an account at one of its 23 branches.

Deposit Rates - January 22, 2025

SAVINGS RATES APY MIN
SAV
4.00% $2,500 Compare
SAV
4.10% $250,000 Compare
CD RATES APY MIN
11 Mo CD
3.50% $500 Compare

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57919
Date Established 2005
Assets $ 9.63 billion
Loans $ 8.03 billion
Deposits $ 7.56 billion
Capital $ 1,275.72 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 247.25 million
Interest-bearing balances $ 186.16 million
Total securities $ 658.48 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 8.03 billion
Loan loss allowance $ 82.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 213.31 million
All other assets $ 411.75 million
     Total Assets $ 8.36 billion

LIABILITIES
Total deposits $ 7.56 billion
      Interest-bearing deposits $ 6.26 billion
      Deposits held in domestic offices $ 7.56 billion
      % insured (estimated) 43.69%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 876.80 million
Subordinated debt N.A.
All other liabilities $ 49.76 millionn
      Total Liabilities $ 8.36 billion
      Shareholders’ Equity $ 1,275.72 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 389.86 million
Total Interest Expense $ 203.30 million
Net interest income $ 186.56 million
Provision for loan and lease losses $ 10.30 million
Total non interest income $ 12.68 million
Total non interest expense $ 113.21 million
Pre-tax Net Operating Income $ 91.62 million

Customer Reviews for ConnectOne Bank (7)

Rated 2.43 stars out of 5 - based on 7 reviews

  • Opened account at the branch and discovered that I was only getting 0.20% and three months passed before I figured it out. Be careful with this one.

  • Rejected, called to ask why and was accepted. Has been fine since.

  • I was made to feel unimportant when I called with a question about transfers because of the small size of my money market account that I opened a couple of months ago.

  • I applied and was rejected. I had not known it was possible to be rejected for a savings account and I hope they didn't screw with my perfect credit. I will stay at Ally and earn 0.10% less.

  • I went through the application and never heard back. I called after two weeks and they told me hat I was rejected for an account. Seems like a neat scheme to separate people from their personal information. Oh, and I live in New Jersey (4 miles from a branch).

  • glad to have found this one.

  • One of the best online accounts that I have ever had. I really hope the rate holds at 0.65%!

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