ConnectOne Bancorp, Inc.

On August 28, 2024, The First of Long Island Corporation (“FLIC”) filed an 8-K disclosing that its subsidiary, The First National Bank of Long Island was notified by a customer of suspicious wire transfer activity in July 2024 involving the customer's bank accounts. According to the 8-K, the wire transfer activity arose as the result of unauthorized access to banking information within the customer's control. FLIC completed an investigation with the assistance of a digital forensic investigations firm, which did not yield evidence of unauthorized network activity.

The net amount of funds at issue, after the initial return of recalled wires, involved in the suspicious wire transfer activity is approximately $11.1 million.

On January 22, 2025, the customer filed suit against FLIC and The First National Bank of Long Island claiming damages of approximately $11.1 million. The Company and the Bank, as the successors to FLIC and The First National Bank of Long Island, vehemently disagree with the customer’s allegations and intend to vigorously defend these claims.