May 10 2016
Unity Bank Plans to Open First Bergen County Branch

EMERSON, N.J. (May 10, 2016) – Unity Bank of Clinton plans to open its first Bergen County branch this summer at 4 Emerson Plaza West, adjacent to the borough train station. The bank currently operates branches in Hunterdon, Middlesex, Somerset, Union and Warren counties in New Jersey and Northampton County in Pennsylvania, as well as a loan production office in Elmwood Park.
 

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April 25 2016
Unity Bancorp Reports 41% Increase

CLINTON, N.J., April 25, 2016 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported a 41% increase in earnings, excluding the effect of a nonrecurring gain during the quarter. Major contributing factors included strong loan growth, increased levels of noninterest income, improved credit quality and expense control.

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March 23 2016
Unity Bank Plans New Branch on Somerville’s Mountain Avenue

CLINTON, N.J. (March 23, 2016) – Unity Bank expects to begin construction in April on a new branch to be located at 12 Mountain Avenue in Somerville, its first branch in the borough and third in Somerset County. The bank currently has 15 branches, located in Hunterdon, Somerset, Middlesex, Union and Warren counties in New Jersey and Northampton County in Pennsylvania, as well as a loan production office in Bergen County, New Jersey.
 

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March 11 2016
Unity Bancorp Purchases Clinton Headquarters

CLINTON, N.J. (March 11, 2016) – Unity Bancorp has purchased its headquarters facility located at 64 Old Highway 22 from the Clinton Unity Group for $4.12 million, moving forward with its long-term strategy to own rather than lease properties to most effectively manage operational expenses. The bank now owns 12 of its 15 business locations with the only leased buildings being part of mall properties.

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March 2 2016
Unity Bancorp Announces Repurchase of Subordinated Debentures

CLINTON, N.J., Feb. 29, 2016 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced today that the Company repurchased $5.0 million of its outstanding subordinated debentures on February 26, 2016, reducing its outstanding subordinated debt to $10 million.  The subordinated debentures were repurchased at a price of $0.5475 per dollar, resulting in a pre-tax gain of approximately $2.25 million on the transaction.

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February 25 2016
Unity Bancorp Declares Cash Dividend - 2/25

CLINTON, N.J., Feb. 25, 2016 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.04 per common share.  Such dividend is payable on March 31, 2016, to shareholders of record as of March 17, 2016.

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February 9 2016
Actor Gary Busey Caught Impersonating Unity Bank CEO in New TV Commercial

CLINTON, N.J. (February 9, 2016) – Hollywood mad hatter Gary Busey, blessed with a wild-eyed look and unique perspectives, doesn’t seem to have much in common with Unity Bank President & CEO James A. Hughes. One can be found spouting zany Buseyisms while the other can be found helping a small business with its financial plan.
 

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February 5 2016
Unity Bank SBA Loan Funds New North Brunswick Facility for Somerset Eye Care

NORTH BRUNSWICK, N.J. (February 4, 2016) – Somerset Eye Care has moved to a new location at 2090 Route 27 with the support of a Small Business Administration (SBA) loan from Unity Bank of Clinton. Drs. Bethany and Jonathan Fishbein, South Brunswick residents, opened the practice in 2001 and previously provided services at locations in Somerset and New Brunswick.

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January 27 2016
Unity Bancorp Reports Quarterly Net Income Increased 55% and Annual Earnings Increased 49%

CLINTON, N.J., Jan. 27, 2016 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported increased fourth quarter and year-to-date earnings.   Major contributing factors included strong loan growth, increased deposits and improved credit quality.  Commercial, residential mortgage and consumer lending were up; with over 16% annual growth in total loans

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January 19 2016
Unity Bank SBA Loan Funds Purchase of Ewing’s Historic Freddie’s Tavern

EWING, N.J. (January 19, 2016) – Freddie’s Tavern, a historic township restaurant opened by the Urbano family in 1933, has been purchased by Ewing businessman Bud Patel and his wife, Sweta, with the support of a $1.37 million Small Business Administration (SBA) loan from Unity Bank Unity Bank of Clinton. But don’t expect many immediate changes at the popular tavern.
 

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