ConnectOne Bancorp, Inc..
CNOB.US | Other monetary intermediation
ConnectOne Bancorp, Inc. is a financial holding company. It operates primarily through its subsidiary, ConnectOne Bank. The bank provides a range of commercial and retail banking services, including commercial real estate loans, commercial and industrial loans, small business loans, residential mort...Show More
Better Health for All
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ConnectOne Bancorp, Inc. (CNOB.US) is a financial holding company that provides commercial and retail banking services, including various types of loans and deposit products.
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The company's core business activities do not inherently have a direct positive or negative impact on health outcomes. There is no evidence that CNOB.US produces health-related products or services, engages in health-specific research and development, or directly manages health data. While the company's loan portfolio includes lending to the healthcare sector,
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this does not mean its services directly provide health benefits or risks. Therefore, its operations are considered neutral or not applicable across all 'Better Health for All' KPIs, as there is no evidence of direct involvement in health-related activities, health risks, or health benefits.
Fair Money & Economic Opportunity
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ConnectOne Bank's SBA 7(a) fixed interest rates range from 12.75% to 15.75% and variable rates from 10.75% to 14.25% as of November 2023.
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These rates are higher than the competitive market rates of 5-6% mentioned for similar products.
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The bank maintains regulatory compliance but does not provide evidence of proactive fair-lending audits.
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While financial management tools and educational content are available, there is no information on structured financial literacy programs or their reach.
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The bank's geographic focus is on New Jersey and New York, with a presence in urban areas with high business activity, but no specific percentage of service points in underserved areas is provided.
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Fair Pay & Worker Respect
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In 2024, the CEO total compensation to median employee compensation ratio was 42:1.
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The company's employee rating from Glassdoor reviews is 4.07 out of 5 stars, which is equivalent to an engagement score of 81.4%.
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Fair Trade & Ethical Sourcing
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ConnectOne Bancorp, Inc. is a financial holding company providing banking services. The provided articles, including financial reports and codes of conduct, do not contain any information or quantitative data related to fair trade certifications, supply chain audits, forced or child labor incidents, supply chain traceability, remediation speed for sourcing violations, ethical sourcing clauses in supplier contracts, or spend on high-risk materials.
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Given the company's nature as a financial institution, these metrics are not applicable to its core operations, as it does not procure or trade physical commodities. No evidence was found for supplier diversity spend, so this KPI is omitted.
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Honest & Fair Business
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No evidence available to assess ConnectOne Bancorp, Inc. on Honest & Fair Business.
Kind to Animals
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ConnectOne Bancorp, Inc. is a financial holding company, and its core business operations do not involve activities related to animal products, animal testing, or animal agriculture. Therefore, all KPIs related to cruelty-free certification, alternative testing methods, humane operations, ethical sourcing, supplier audits for animal welfare, cage-free sourcing, animal testing policies and volume, innovation in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare are not applicable to the company's business model. No evidence was found in the provided articles to suggest any involvement in these areas.
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No War, No Weapons
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The provided articles do not contain any specific, concrete data points or facts relevant to ConnectOne Bancorp's involvement with arms manufacturing, military contracts, or conflict facilitation. Article 0 focuses on general ESG risk ratings, and Article 1 is a code of conduct, neither of which provides information on the company's activities concerning weapons, dual-use technology, sales to sanctioned regimes, or peacebuilding investments.
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Planet-Friendly Business
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The company has no regulatory actions, violations, fines, or compliance issues mentioned in the provided articles.
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No specific data is available for any other Planet-Friendly Business KPIs, including carbon emissions, renewable energy use, water consumption, green building certifications, waste diversion, or climate targets.
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Respect for Cultures & Communities
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The company has no reported cultural appropriation incidents.
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Its operations, primarily banking services, do not inherently impact cultural contexts or require Free, Prior and Informed Consent (FPIC) processes,
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nor do they operate near cultural or heritage sites in a way that would cause disruption. Examiners did not identify any discriminatory or other illegal credit practices during the CRA evaluation period ending October 24, 2022.
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Safe & Smart Tech
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ConnectOne Bancorp experienced a breach of a customer account, which led to ineffective disclosure controls and an after-tax charge of no higher than $1.5 million.
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The company's privacy policy indicates that federal law allows customers only limited control over data sharing for certain purposes, implying significant limitations on user data control.
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The Code of Conduct prohibits unauthorized data use and misuse, but a breach involving ineffective disclosure controls suggests a failure in preventing or responding to unauthorized data use.
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The company's Code of Conduct states strict procedures for verifying client identity for various access methods, but does not detail the strength or availability of multi-factor authentication.
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The internal IT team performs monthly vulnerability scanning and annual risk assessments based on the NIST Cybersecurity Framework.
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Additionally, a third-party vendor performs annual penetration and vulnerability testing.
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The company's privacy policy mentions compliance with federal law regarding data sharing, and the Code of Conduct explicitly mentions compliance with the Bank Bribery Act and other laws, but the ineffective disclosure controls related to a breach suggest gaps in regulatory compliance.
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Zero Waste & Sustainable Products
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No specific, quantitative data points related to any of the 'Zero Waste & Sustainable Products' KPIs were found across the provided articles for ConnectOne Bancorp, Inc.
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The articles explicitly state a lack of data regarding these metrics.
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