In 1991 Unity Bank began with a dozen employees and originated $360,000 in loans. Today, over 25 years later, we have loaned billions of dollars to small businesses and individuals. We employ almost 200 individuals and have facilitated the creation of thousands of jobs through the businesses we have financed. We have helped thousands of local entrepreneurs start Main Street businesses and thousands of homeowners fulfill their dream of providing a home for their family. We have donated millions to non-profits and partnered with them to strengthen and build our communities. Unity Bank provides community-oriented commercial banking services, including deposit accounts, loans, online and mobile services at 18 branches throughout New Jersey and the Lehigh Valley, Pennsylvania.
Unity Bank was founded under the name First Community Bank. The bank began with two locations in Clinton and North Plainfield New Jersey.
The Bank was awarded “Certified Lender” status by the U.S. Small Business Administration
The third branch was added in Flemington NJ.
The company expanded opening branches in Scotch Plains, Union, and Linden. Unity Bancorp’s Corporate Headquarters also opened in Clinton, NJ. The headquarters remains in the same building today.
NASDAQ Stock Exchange
Unity Bancorp began trading on the NASDAQ stock exchange under the symbol “UNTY.”
Officially Named Unity Bank
First Community Bank changed its name to Unity Bank! The bank opened branches in South Plainfield, Whitehouse, Edison and Highland Park as well!
#1 SBA Lender
Unity Bank was recognized as the #1 SBA lender for a midsize company in New Jersey. At this time, it was the 27th largest SBA lender in the country.
Phillipsburg Branch Opened
The Phillipsburg branch was opened. This was a big move because opening Phillipsburg created opportunities to expand into Pennsylvania. The company also purchased its hot air balloon this year, which can be seen at many community events giving tethered rides to attendees.
Unity Bank opened its first branch in Pennsylvania in Forks Township.
The Middlesex branch opened and the annual Classic Car show began in support of Family Promise.
Unity began its UCare program
to partner with community-based Non-Profit organizations and their supporters.
Washington and Somerset
As the company recovered from the recession years prior, it continued to grow with the grand openings or the Washington and Somerset branches.
Mortgage Sales Office
Unity Bank opened its Mortgage Sales Office in Bergen County. This was the bank's first venture into the area.
Somerville and Emerson Branches
Unity Bank expanded once again opening branches in Somerville and Emerson. The bank had decided to expand into Bergen county after great success in the area from the Mortgage and Sales Office.
We opened our second Bergen county location in Ramsey. We also moved our Phillipsburg branch to a new location.
This year we plan to open our nineteenth branch in Bethlehem PA.