ENGLEWOOD CLIFFS, N.J., March 11, 2019 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB), parent company of ConnectOne Bank, announced today that its Board of Directors has approved a stock repurchase program for up to 1,200,000 shares, or approximately 3.5% of its currently outstanding common stock.

The Company may repurchase shares from time to time in the open market, in privately negotiated stock purchases or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission and applicable federal securities laws. The share repurchase plan does not obligate the Company to acquire any particular amount of common stock, and it may be modified or suspended at any time at the Company's discretion.

Frank Sorrentino, ConnectOne’s Chairman and Chief Executive Officer stated, “The Board’s stock repurchase authorization underscores our continued confidence in ConnectOne’s future performance and, as good stewards of our capital, reinforces our commitment to creating and returning value to our shareholders.”

About ConnectOne Bancorp, Inc.
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 29 banking offices located in New York and New Jersey. ConnectOne Bancorp, Inc. is traded on the Nasdaq Global Market under the trading symbol "CNOB," and information about ConnectOne may be found at https://www.ConnectOneBank.com.