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James A. Hughes, President & CEO, commented on the financial results: “We are pleased to announce another strong quarter for Unity Bancorp, Inc. For the quarter, we achieved $9.6 million of net income, equivalent to $0.93 per diluted share. Our core deposit franchise has demonstrated steady growth, reinforcing the strength of our balance sheet and contributing to impressive first quarter earnings metrics -- NIM of 4.09%, ROA of 1.58% and ROE of 14.49%.
Read Story: Unity Reports Q1 Earnings
Read Story: Crystal Rose Selected as Lehigh Valley Business Woman of Influence
Unity Bancorp Announces 8% Increase in First Quarter Dividend Company Release - 2/22/2024 CLINTON, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on March 29, 2024, to shareholders of record as of March 15, 2024.
Read Story: Unity Bancorp Declares Cash Dividend
Unity Bank Presents $6,400 to Family Promise from Cruisin’ Bob’s Classic Car Show Proceeds CLINTON, NJ | January 2024 - Unity Bank recently presented $6,400 to Family Promise of Hunterdon County and Family Promise of Warren County through the 17th Annual Cruisin’ Bob’s Classic Car Show held at the bank’s Clinton headquarters in October. Unity Bank donates all proceeds from the annual car show to the non-profits, in addition to donating volunteer time to coordinate the event.
Read Story: Unity Bank’s Car Show Raises $6,400
Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million James A. Hughes, President & CEO, commented on the financial results: “I am proud to share with you the outstanding financial results of Unity Bancorp Inc. for the 2023 fiscal year, a period thatwas marked by unprecedented challenges in the banking sector. We achieved a record year of earnings with $39.7 million in net income, or $3.84 per diluted share. For the fourth quarter, we generated $9.8 million in net income, or $0.96 per diluted share.
Read Story: Unity Reports Q4 & Year End Earnings
New Owners of Easton’s Bar-Don Lanes Supported by Unity Bank Financing Bowling Alley has been a Community Fixture since 1958 and Unity’s Financing Package is evidence of the Unity’s commitment to supporting Easton Area Businesses
Read Story: Unity Finances Bar-Don
Unity Bank Provides Multimillion Construction Loan for Clinton 122-Unit Assisted Living & Memory Care Center
Adult Day Care Center Also To Be Offered at Former Holiday Inn Property
CLINTON, N.J., December 21, 2023 – Unity Bank has provided a multimillion construction loan to Somerset County entrepreneur Gulshan Chhabra to develop a 122-unit assisted living and memory care residential facility and an adult day care center at the site of Clinton’s former Holiday Inn at 111 West Main Street, which closed during the COVID-19 pandemic. Courtyard Luxury Senior Living, which includes 12 affordable housing units for Clinton, is scheduled to open in March and will hire approximately 80 employees.
Read Story: Senior Living Center Loan
CLINTON, N.J., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.12 per common share. Such dividend is payable on December 29, 2023, to shareholders of record as of December 15, 2023.
Unity Bank Named to Piper Sandler Sm-All Stars Class of 2023 Unity is One of Only 31 Banks Nationally Recognized CLINTON, N.J., November 15, 2023 – Unity Bancorp, Inc. (Nasdaq: UNTY), the parent company of Unity Bank, has been named to the prestigious Piper Sandler Sm-All Stars Class of 2023. Unity was one of only 31 publicly traded banks and thrifts to be recognized by the global investment banking firm on its annual list of top performing U.S. small-cap banks and thrifts.
Read Story: All Stars List 2023
Family Promise Receives $6,400 Unity Bank Donation From Car Show CLINTON, N.J., October 30, 2023 – Unity Bank raised $6,400 for Family Promise of Hunterdon County and Family Promise of Warren County through the 17th Annual Cruisin’ Bob’s Classic Car Show held at the bank’s Clinton headquarters. The bank donates all proceeds from the car show to the non-profits, in addition to donating volunteer time to coordinate the event.
Read Story: Unity's Charity Car Show
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Speedbump Modal Called Incorrectly!
Simple Modal Called Incorrectly!