ConnectOne Bancorp, a full-service, commercial bank with eight offices primarily serving northeastern New Jersey, filed on Friday with the SEC to raise up to $58 million in an initial public offering. The bank recently changed its name to ConnectOne as part of a larger corporate rebranding; it was previously known as North Jersey Community Bank.
The Englewood Cliffs, NJ-based company, which was founded in 2005 and generated $33 million of net interest income or the 12 months ended 9/30/2012, plans to list on the NASDAQ under the symbol CNOB. The company filed confidentially on November 21, 2012. Stifel Nicolaus Weisel, Keefe Bruyette Woods and Sandler O'Neill are the joint bookrunners on the deal. No pricing terms were disclosed.
Correction: It was initially reported that ConnectOne was founded in 2008. It was incorporated in 2008 and founded in 2005.