Quick and automatic detection of the distribution and connectivity of urban rivers and their changes from satellite imagery is of great importance for urban flood control, river management, and ecological conservation. By improving the E-UNet model, this study proposed a cascaded river segmentation and connectivity reconstruction deep learning network model (WaterSCNet) to segment urban rivers from Sentinel-2 multi-spectral imagery and simultaneously reconstruct their connectivity obscured by road and bridge crossings from the segmentation results. The experimental results indicated that the WaterSCNet model could achieve better river segmentation and connectivity reconstruction results compared to the E-UNet, U-Net, SegNet, and HRNet models. Compared with the classic U-Net model, the MCC, F1, Kappa, and Recall evaluation metrics of the river segmentation results of the WaterSCNet model were improved by 3.24%, 3.10%, 3.36%, and 3.93%, respectively, and the evaluation metrics of the connectivity reconstruction results were improved by 4.25%, 4.11%, 4.37%, and 4.83%, respectively. The variance of the evaluation metrics of the five independent experiments indicated that the WaterSCNet model also had the best robustness compared to the other four models.