Connectone Bancorp, Inc. · NASDAQ:CNOB

Connectone Bancorp — Merger or Acquisition (July 2018)

13 slides from Connectone Bancorp's merger presentation, Jul 12, 2018

  1. Slide 1: Expanding into Hudson Valley Through Merger with Greater Hudson Bank

    & ConnectOne Bancorp, Inc. (NASDAQ: CNOB) Expanding into Hudson Valley Through Merger with Greater Hudson Bank (OTCQX: GHDS)

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements CAUTIONARY NOTES ON FORWARD LOOKING STATEMENTS. All non-historical statements in this investor presentation (including without limitation statements regarding the pro forma effect of the proposed transaction, annual cost savings, anticipated expense totals, the accretive n

  3. Slide 3: Important Additional Information

    Important Additional Information This communication is being made in respect of the proposed merger between ConnectOne and Greater Hudson. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In conne

  4. Slide 4: Transaction Rationale

    Transaction Rationale Reem ~ Merger with a simitarly.minded, commercially focused lender operating inside ConnectOne’s 75-mile radius NYINJ target market Compelling ¥- Solidifies ConnectOne's New York operations and meaningfully expedites organic growth plans in Rockland, Orange and Westchester Merg

  5. Slide 5: Transaction Overview

    Transaction Overview eesti - 100% of the consideration paid in ConnectOne common stock + Represents approximately $76.3 million, or $6.16 per share”) + Greater Hudson shareholders to receive 0.2450 shares of ConnectOne common stock per share of Greater Hudson ‘common stock; Greater Hudson's pro form

  6. Slide 6: Greater Hudson Transaction Delivers on Key 2018/2019 Priorities for ConnectOne

    Greater Hudson Transaction Delivers on Key 2018/2019 Priorities for ConnectOne... Greater Hudson Qualifications ¥ Strong commercial lending and deposit rich franchise operating peep 7 in ConnectOne's target focus area + ConnectOne is a high growth, high Y Accelerates ConnectOne’s New York expansion

  7. Slide 7: Solidifying New York Operations and Accelerating Hudson Valley Market Growth

    Solidifying New York Operations and Accelerating Hudson Valley Market Growth Overview of Greater Hudson 15+ years of operating history in the Hudson Valley region, with a I senior management team that boasts a combined 180+ years of banking experience I Operates in the Rockland, Orange and Westchest

  8. Slide 8: Capitalizing on Operating Markets in Need of ConnectOne's High Quality Client Service Business Model

    Capitalizing on Operating Markets in Need of ConnectOne’s High Quality Client Service Business Model ~75% of market dominated by large financial institutions; leaving void for middle market businesses who. Rockland, desire personalized approach Orange and Westchester Operating Given this dynamic, Co

  9. Slide 9: Similarly Focused Commercial Lender with Strong Core Deposit Franchise, Diversified Loan Portfolio and Liquidity

    Similarly Focused Commercial Lender with Strong Core Deposit Franchise, Diversified Loan Portfolio and Liquidity Total: $401.7M Total: $3,749.6M & Greater Hudson brings a S [ strong, core deposit franchise S { with increased liquidity... 7 \ ° y 2 o Aa Time < $100k Time > $100k “18 Q1 Cost of Deposi

  10. Slide 10: Comprehensive Due Diligence to Ensure a Low Risk Transaction

    Comprehensive Due Diligence to Ensure a Low Risk Transaction = Process including core systems, legal and credit diligence — consistent with ConnectOne’s commitment to maintaining a strong credit culture = Extensive, two-tiered credit review process completed by senior management and 3 party loan rev

  11. Slide 11: Financial Impact

    Financial Impact = Capital neutral transaction with attractive financial impact metrics at disciplined pricing = No revenue synergies assumed Financial Impact”) Minimal Capital Impact? ConnectOne ConnectOne _ Pro Forma @ Closing 2020 EPS Accretion Approx. 2.5% TCE/TA 8.3% 8.3% ‘Tangible Book Value D

  12. Slide 12: Summary Transaction Merits

    Summary Transaction Merits Strategically Compelling Financially Solidifies ConnectOne’s New York operations and meaningfully expedites organic growth plans in the Hudson Valley region Establishes new lines of commercial business and enhances others Provides for infrastructure optimization by utilizi

  13. Slide 13: ConnectOne

    © ConnectOne f

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