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 - July 14, 2024

SAVINGS RATES APY MIN
CD RATES APY MIN
11 Mo CD
5.15% $500 Compare

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57919
Date Established 2005
Assets $ 9.85 billion
Loans $ 8.26 billion
Deposits $ 7.57 billion
Capital $ 1,253.50 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 242.71 million
Interest-bearing balances $ 181.29 million
Total securities $ 628.77 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 8.26 billion
Loan loss allowance $ 81.97 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 214.25 million
All other assets $ 411.75 million
     Total Assets $ 8.59 billion

LIABILITIES
Total deposits $ 7.57 billion
      Interest-bearing deposits $ 6.28 billion
      Deposits held in domestic offices $ 7.57 billion
      % insured (estimated) 45.28%
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 $ 8.59 billion
      Shareholders’ Equity $ 1,253.50 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 490.07 million
Total Interest Expense $ 229.79 million
Net interest income $ 260.28 million
Provision for loan and lease losses $ 8.20 million
Total non interest income $ 14.10 million
Total non interest expense $ 143.82 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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Branches

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Your current location is: Ashburn, VA

ConnectOne Bank Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE CD
    Bank
    -
    $50,000
    11 Month
    5.15%
    N.A.
    $500
    -
    SCENARIO
    Year Rate
    5.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,575 1,803
    2 52,575 2,708 1,895
    3 55,283 2,847 1,993
    4 58,130 2,994 2,096
    5 61,123 3,148 2,203
    6 64,271 3,310 2,317
    7 67,581 3,480 2,436
    8 71,062 3,660 2,562
    9 74,721 3,848 2,694
    10 78,569 4,046 2,832
    11 82,616 4,255 2,978
    12 86,870 4,474 3,132
    13 91,344 4,704 3,293
    14 96,049 4,946 3,463
    15 100,995 5,201 3,641
    16 106,196 5,469 3,828
    17 111,665 5,751 4,026
    18 117,416 6,047 4,233
    19 123,463 6,358 4,451
    20 129,821 6,686 4,680
    TOTAL $86,507 $60,555
  • 2
    LOCAL CD
    Bank
    -
    $50,000
    7 Month
    5.25%
    N.A.
    $5,000
    -
    SCENARIO
    Year Rate
    5.25%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,625 1,838
    2 52,625 2,763 1,934
    3 55,388 2,908 2,036
    4 58,296 3,061 2,142
    5 61,356 3,221 2,255
    6 64,577 3,390 2,373
    7 67,968 3,568 2,498
    8 71,536 3,756 2,629
    9 75,292 3,953 2,767
    10 79,244 4,160 2,912
    11 83,405 4,379 3,065
    12 87,784 4,609 3,226
    13 92,392 4,851 3,395
    14 97,243 5,105 3,574
    15 102,348 5,373 3,761
    16 107,721 5,655 3,959
    17 113,377 5,952 4,167
    18 119,329 6,265 4,385
    19 125,594 6,594 4,616
    20 132,187 6,940 4,858
    TOTAL $89,127 $62,389
  • 3
    LOCAL CD
    Bank
    -
    $50,000
    12 Month
    5.35%
    9.55x (National Avg. - 0.56%)
    $5,000
    -
    SCENARIO
    Year Rate
    5.35%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,675 1,873
    2 52,675 2,818 1,973
    3 55,493 2,969 2,078
    4 58,462 3,128 2,189
    5 61,590 3,295 2,307
    6 64,885 3,471 2,430
    7 68,356 3,657 2,560
    8 72,013 3,853 2,697
    9 75,866 4,059 2,841
    10 79,925 4,276 2,993
    11 84,201 4,505 3,153
    12 88,705 4,746 3,322
    13 93,451 5,000 3,500
    14 98,451 5,267 3,687
    15 103,718 5,549 3,884
    16 109,267 5,846 4,092
    17 115,113 6,159 4,311
    18 121,271 6,488 4,542
    19 127,759 6,835 4,785
    20 134,594 7,201 5,041
    TOTAL $91,795 $64,256