Center Bancorp Announces Dismissal of Merger-Related Litigation

Center Bancorp Announces Dismissal of Merger-Related Litigation

UNION, N.J., April 29, 2014 (GLOBE NEWSWIRE) -- Center Bancorp, Inc.
(Nasdaq:CNBC) announced today that previously filed complaints against
ConnectOne Bancorp, its Board of Directors and Center Bancorp in the Superior
Court of New Jersey related to the proposed merger of Center and ConnectOne
have been voluntarily dismissed by the plaintiffs after being vigorously
defended by the defendants. The dismissal was not undertaken pursuant to any
negotiated settlement with the plaintiffs, and the defendants have not paid
damages or attorneys' fees to the plaintiffs or their counsel.

Anthony Weagley, Center's Chief Executive Officer, commented: "We are pleased
that this litigation has been dismissed. We were convinced from the outset
that the allegations in the complaints were without merit and unfairly
questioned the diligence and motivations of all those who have contributed to
our pending transaction. We remain focused, as we have been since the day that
we announced our merger, on completing the steps necessary to consummate the
transaction and on continuing to build our franchises."

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 Bancorp, Inc. ("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 and 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 AND 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 and 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 "Documents" 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 and
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 Inquiries:
         Anthony C. Weagley
         President &
         Chief Executive Officer
         (908) 206-2886

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