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Clinton, NJ, July 14, 2022 - Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.88 per diluted share, for the quarter ended June 30, 2022, a 12.3% increase compared to net income of $8.4 million, or $0.80 per diluted share for the prior year’s second quarter. For the six months ended June 30, 2022, Unity reported net income of $18.6 million, or $1.74 per diluted share, a 9.7% increase compared to $16.9 million or $1.60 per diluted share for the prior year’s period.
Read Story: Unity Bancorp Reports Quarterly Earnings of $9.5 Million
Unity Bank Added to Membership of US Small-Cap Russell 2000 Index
CLINTON, N.J. (July 12, 2022) – Unity Bancorp, Inc. (Nasdaq: UNTY), parent company of Unity Bank, was added as a member of the U.S. small-cap Russell 2000® Index, widely regarded as a bellwether of the U.S. economy due to its focus on American small businesses.
Read Story: Unity Added to Russell 2000 Index
Unity Bank’s COO John Kauchak Named NJBIZ ICON Award Winner
CLINTON, N.J. (June 1, 2022) – Unity Bank Chief Operating Officer/Executive Vice President John Kauchak has been selected as a recipient of the NJBIZ 2022 ICON Award. The honor recognizes leaders over the age of 60 from New Jersey financial services and other industries for work throughout their careers.
Read Story: Unity COO Named NJBIZ ICON Honoree
CLINTON, N.J. (May 9, 2022) – Banking industry veteran Jim Donovan has joined Unity Bank as Chief Lending Officer (CLO), bringing more than 35 years of financial services industry leadership experience to the community bank.
Read Story: Unity Bank Names Industry Veteran Jim Donovan Chief Lending Officer
Unity Bank Board Vice Chairman Allen Tucker Retires, Succeeded by Son Aaron
Active in Banking and Real Estate for More than 50 Years, Allen Tucker Served as a Unity Director since 1995
CLINTON, N.J. (April 28, 2022) – Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, today announced that Allen Tucker, 95, has retired as Vice Chairman of its Board of Directors. Tucker had been a member of the Unity Board since 1995.
Read Story: Allen Tucker Board Retirement Announcement
Unity Bancorp Announces 10% Increase in Second Quarter Cash Dividend, Up 22% from Prior Year
CLINTON, N.J., April 28, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.11 per common share. Such dividend is payable on June 24, 2022, to shareholders of record as of June 10, 2022.
Read Story: Unity Announces 10% Increase in Q2 Cash Dividend
Clinton, NJ, April 14, 2022 - Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.1 million, or $0.85 per diluted share, for the quarter ended March 31, 2022, a 7.2 percent increase compared to net income of $8.5 million, or $0.80 per diluted share for the prior year’s first quarter.
Read Story: Unity Bancorp Reports Quarterly Earnings of $9.1 Million
Unity Bank Promotes Phillipsburg’s Alvita Ayers to Vice President/SBA Manager
CLINTON, N.J. (March 31, 2022) – Unity Bank has promoted Phillipsburg resident Alvita A. Ayers to Vice President/SBA Manager. In collaboration with Unity’s senior management, Ayers develops and implements strategies to prudently grow the bank’s Small Business Administration (SBA) loan portfolio and meet existing and emerging customer needs.
Read Story: Unity Bank Promotes Alvita Ayers to Vice President/SBA Manager
Unity Bank Donates $5,000 to NID Housing Counseling Agency, Continuing Community Education Partnership
NID-HCA Helps NJ & Lehigh Valley Residents Through All Phases of the Homeownership Cycle
CLINTON, N.J. (March 22, 2022) – For the second year in a row, Unity Bank has donated $5,000 to the NID Housing Counseling Agency (NID-HCA), a U.S. Department of Housing and Urban Development (HUD) approved national network of housing counselors and community-development consultants with offices in Plainfield and Allentown, Pa. Unity is partnering with the agency to supplement the bank’s Low-Moderate Income Mortgage Program.
Read Story: Unity Bank & NID HCA Partnership
Unity Bank Opens Lakewood Office for Growing Commercial & Residential Lending Team
Community Bank Selects State’s Fastest Growing Municipality for Southernmost Office
LAKEWOOD, N.J. (February 28, 2022) – Unity Bank has opened a commercial and residential lending office in Lakewood, expanding the Hunterdon County-headquartered community bank’s services and presence in New Jersey’s fastest growing municipality. The bank’s new Ocean County facility is located at 1255 Route 70 at the intersection with Airport Road, Unity’s southernmost office location.
Read Story: Unity Opens Lakewood Lending Office
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Speedbump Modal Called Incorrectly!
Simple Modal Called Incorrectly!