October 3 2023
Unity Bank's 17th Annual Car Show

Unity Bank’s Annual Classic Car Show Benefiting Family Promise Seeks Registrants
CLINTON, N.J., October 2, 2023 – Unity Bank is seeking classic car owners for the 17th Annual Cruisin’ Bob’s Classic Car Show, which will be held at the bank’s Clinton headquarters Sunday, October 15th from 10:00 a.m. to 2:00 p.m. The car show is held at Unity Bank, 64 Old Highway 22, Clinton.

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August 18 2023
Unity Bancorp Declares Cash Dividend

CLINTON, N.J., Aug. 17, 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 September 22, 2023, to shareholders of record as of September 8, 2023.

Read Story: Unity Bancorp Declares Cash Dividend

August 11 2023
Unity SBA Loan Story

Unity Bank Provides $752,000 SBA Loan for Muddy Waters Gastropub
CLINTON, N.J., August 10, 2023 – Unity Bank has provided a $752,000 U.S. Small Business Administration (SBA) loan to help fund the opening of Muddy Waters Gastropub, a unique Asbury restaurant that provides Austrian and Hungarian favorites as well as traditional pub fare.

Read Story: Unity SBA Loan Story

July 31 2023
Unity Named Top Bank

 Unity Bank Ranked 13th Nationally by Bank Director in U.S. Ranking of the Best Publicly Traded Banks
 Unity Ranked 7th Nationally Among Banks in its Asset Category
CLINTON, N.J. (July 31, 2023) – Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, has been selected for the second year in a row for the national Top 25 Banks ranking published by Bank Director magazine.

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July 19 2023
Hunterdon Happening Award

Unity Bank Named Best Bank 2023 by Hunterdon Happening

CLINTON, N.J., July 19, 2023 – Unity Bank was recently named the Best Bank 2023 by Hunterdon Happening, an annual rating of businesses located in Hunterdon County started in 2011. Hunterdon Happening reports that more than 300,000 votes were cast in the most recent review of local businesses.

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July 14 2023
Unity Reports Earnings of $9.7 Million

Unity Bancorp Reports Quarterly Earnings of $9.7 Million

James A. Hughes, President and CEO, commented on the financial results: “We are pleased to report another solid quarter of financial results. For the quarter, we realized $9.7 million of net income, or $0.95 per diluted share. This represents 1.60% ROA and 16.19% ROE.

The inverted yield curve, slower loan growth, and increased deposit competition has created a challenging environment for all banks. Although Unity is not immune to this trend, we are in a strong position to face these headwinds and remain the bank of choice for the communities we serve. We are a conservatively managed organization that has constantly been recognized as a top-tier community bank.

As the second half of the year progresses, we will continue to build on our performance by working with our clients and employees to solve problems and deliver extraordinary services. As a community bank with a strong franchise, each product that we offer goes a long way to support the communities that we are proud to serve.”

Read Story: Unity Reports Earnings of $9.7 Million

July 6 2023
Unity Awarded Bankers Cup

Unity Bank Awarded the Raymond James Community Bankers Cup
Unity is the Only New Jersey Bank To Receive the Honor
CLINTON, N.J., July 6, 2023 – Unity Bank has been awarded the Raymond James Community Bankers Cup for 2022, an honor that recognizes the top 10% of community banks based on various profitability, operational efficiency, and balance sheet metrics. Unity was the only New Jersey headquartered bank recognized for the honor from Raymond James, an independent investment bank and research firm.

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June 30 2023
Unity Welcomes Sharabba

Unity Bank Appoints Industry Veteran Daniel Sharabba as SVP/Senior Retail Officer

CLINTON, N.J., June 28, 2023 – Banking industry veteran Daniel Sharabba has joined Unity Bank as Senior Vice President/Senior Retail Officer. The Morris Plains resident is responsible for the development and execution of the community bank’s branch banking operations.

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June 12 2023
Unity Supports Veteran Housing

Unity Sponsored Customer for $120,000 Affordable Housing Program Grant
MOUNTAIN LAKES, N.J., June 8, 2023 – Unity Bank has provided a $350,000 commercial acquisition loan to Nouvelle, LLC of Franklin Lakes to help fund a four-unit disabled Veteran, low-income housing project at 367 Bloomfield Avenue, also known as 367 Route 46.

Read Story: Unity Supports Veteran Housing

May 22 2023
Unity to Open Morris County Branch

Lake Hiawatha Branch Will Provide Community Bank with 21 Retail Locations in New Jersey & Lehigh Valley, Pa.
LAKE HIAWATHA, N.J. (May 19, 2023) – Unity Bank is opening a new full service branch in Lake Hiawatha, the community bank’s first location in Morris County and third new retail banking site since December.

Read Story: Unity to Open Morris County Branch

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