ConnectOne Bancorp Announces Shareholder Litigation Voluntarily Dismissed by Plaintiffs

ConnectOne Bancorp Announces Shareholder Litigation Voluntarily Dismissed by
Plaintiffs

ENGLEWOOD CLIFFS, N.J., April 29, 2014 (GLOBE NEWSWIRE) -- ConnectOne Bancorp,
Inc. (Nasdaq:CNOB) announced today that previously filed complaints against
the Company and its Board of Directors in the Superior Court of New Jersey
related to the Company's proposed merger with Center Bancorp, Inc. have been
voluntarily dismissed by the plaintiffs after being vigorously defended by the
Company. The dismissal was not undertaken pursuant to any negotiated
settlement with the plaintiffs, and neither the Company nor any of its
directors have paid damages or attorneys' fees to the plaintiffs or their
counsel.

"This dismissal shows that the complaints brought against ConnectOne and its
directors were wholly unfounded and without merit from the
beginning.Unfortunately, this kind of litigation has become standard practice
in any publicly announced merger," said Frank Sorrentino, ConnectOne's
Chairman and CEO. "Our Board faithfully fulfilled its duties to our
shareholders in deciding to undertake our strategic merger with Center
Bancorp, and the market's reaction to our transaction has validated our
Board's opinion."

Additional Information for Stockholders

In connection with the proposed merger, Center Bancorp, Inc. ("Center") has
filed with the Securities and Exchange Commission ("SEC") a Registration
Statement on Form S-4 that includes a joint proxy statement of Center and
ConnectOne and a prospectus of Center, as well as other relevant documents
concerning the proposed transaction.Center and ConnectOne will each mail the
joint proxy statement/prospectus to its stockholders subsequent to the
Registration Statement on Form S-4 being declared effective. SHAREHOLDERS OF
CENTER AND CONNECTONE ARE URGED TO READ CAREFULLY THE REGISTRATION STATEMENT
AND JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED MERGER IN THEIR
ENTIRETY WHEN THEY BECOME AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED
WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS,
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security
holders may obtain a free copy of the joint proxy statement/prospectus (when
available) and other filings containing information about Center and
ConnectOne at the SEC's website at www.sec.gov. The joint proxy
statement/prospectus (when available) and the other filings may also be
obtained free of charge at Center's website at www.centerbancorp.com under the
tab "Investor Relations," and then under the heading "SEC Filing" or at
ConnectOne's website at www.connectonebank.com under the tab "Investor
Relations," and then under the heading "SEC Filings."

Center, ConnectOne and certain of their respective directors and executive
officers, under the SEC's rules, may be deemed to be participants in the
solicitation of proxies of Center and ConnectOne's shareholders in connection
with the proposed merger. Information regarding the directors and executive
officers of Center and their ownership of Center common stock is set forth in
the proxy statement for Center's 2013 annual meeting of shareholders, as filed
with the SEC on Schedule 14A on April 15, 2013. Information regarding the
directors and executive officers of ConnectOne and their ownership of
ConnectOne common stock is set forth in the proxy statement for ConnectOne's
2013 annual meeting of shareholders, as filed with the SEC on Schedule 14A on
April 8, 2013. Additional information regarding the interests of those
participants and other persons who may be deemed participants in the
transaction may be obtained by reading the joint proxy statement/prospectus
regarding the proposed merger when it becomes available. Free copies of this
document may be obtained as described in the preceding paragraph.

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, nor
shall there be any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction.

CONTACT: Investor Contact:
         William S. Burns
         Executive VP & CFO
         201.816.4474; bburns@cnob.com
        
         Media Contact:
         Rachel Gerber, MWW
         646.215.6889; rgerber@mww.com
 
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