ConnectOne Bancorp, Inc. and ConnectOne Bank Appoint Mark Sokolich to the Board
December 10, 2019 at 03:20 am IST
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On August 15, 2019, ConnectOne Bancorp, Inc. and Bancorp of New Jersey, Inc. entered into an Agreement and Plan of Merger (the Merger Agreement), pursuant to which BKJ will merge with and into the Company (the Merger). Under the terms of the Merger Agreement, at the effective time of the Merger (the Effective Time), which is expected to be on or about January 2, 2020, the company shall cause the board of directors of the combined company to be increased by one and to appoint one director of BKJ to fill the vacancy resulting from such increase. On December 9, 2019, upon the recommendation of BKJ, and after reviewing his relevant experiences and background and discussing the same, the company's board of directors elected Mr. Mark Sokolich to serve on the Board, contingent upon and effective as of the Effective Time. Mr. Sokolich will serve until the company's 2020 Annual Meeting of Shareholders, subject to his prior death, resignation, disqualification or removal from office. Mr. Sokolich was also elected to the Board of Directors of ConnectOne Bank.
ConnectOne Bancorp, Inc. is a financial services company. It operates through its bank subsidiary, ConnectOne Bank. ConnectOne Bank is a commercial bank offering a full suite of deposit and loan products and services to the general public, primarily to small and mid-sized businesses, local professionals and individuals residing, working and conducting business in the New York Metropolitan area and the South Florida market served by its West Palm Beach office. Its products and services include personal and business checking accounts, money market accounts, time and savings accounts, credit cards, wire transfers, safe deposit boxes, access to automated teller services and telephone, Internet and mobile banking. It also offers consumer and commercial business loans on a secured and unsecured basis, revolving lines of credit, commercial mortgage loans, and residential mortgages on both primary and secondary residences, home equity loans, bridge loans and other personal purpose loans.
CONNECTONE BANCORP, INC. 
