ConnectOne Bancorp, a full-service, commercial bank with eight offices primarily serving northeastern New Jersey, announced terms for its IPO on Friday. The Englewood Cliffs, NJ-based company plans to raise $44 million by offering 1.6 million shares at a price range of $26 to $29. At the midpoint of the proposed range, ConnectOne Bancorp would command a fully diluted market value of $131 million. ConnectOne Bancorp, which was founded in 2008 and generated $33 million of net interest income for the 12 months ended 9/30/2012, plans to list on the NASDAQ under the symbol CNOB. Stifel Nicolaus Weisel, Keefe Bruyette Woods and Sandler O'Neill are the joint bookrunners on the deal.
