Frank S. Sorrentino III is the CEO of ConnectOne Bancorp Inc., a role he has held since the company changed its name from Center Bancorp in 2014. With a background in finance, Sorrentino has been a driving force behind the...
Frank S. Sorrentino III is the CEO of ConnectOne Bancorp Inc., a role he has held since the company changed its name from Center Bancorp in 2014. With a background in finance, Sorrentino has been a driving force behind the company's impressive growth, specifically focusing on expanding its reach into New York City. His leadership has led to notable increases in net income and loan portfolios. Frank's story is not just about numbers; he was one of the original founders of ConnectOne Bank and previously worked as a builder and construction manager. His tenure has seen the company achieve a stellar 238.1% return for shareholders over a five-year period. Interestingly, his personal wealth fluctuated significantly in the past, peaking around $26 million in 2022. In 2023, his total compensation was approximately $3.5 million, with a substantial portion from vested stock reflecting strong company performance. Frank’s approach to leadership involves clear communication, effective risk management, and a strong focus on meeting financial goals. He believes in aligning management’s interests with those of shareholders, which has been shown to facilitate growth and stability. Sorrentino’s strategic foresight continues to help shape ConnectOne since its merger, allowing for solid growth and shareholder satisfaction.