August 5 2022
Unity Ranked In Top 25 Bank List

Unity Bank Selected as a Top 25 Bank by Bank Director in National
Ranking of the Best Publicly Traded Banks

Unity is ranked 21st in the U.S. & 9th among banks with $1 billion to $5 billion in assets

CLINTON, N.J. (August 5, 2022) – Unity Bancorp, Inc. (Nasdaq: UNTY), parent company of Unity Bank, has been selected for the first time for the national Top 25 Banks ranking published by Bank Director magazine. Unity was number 21 on the ranking of the largest 300 publicly traded banks and number 9 nationally for banks in the $1 billion to $5 billion asset category.

Read Story: Unity Ranked In Top 25 Bank List


July 14 2022
Unity Bancorp Reports Quarterly Earnings of $9.5 Million

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


July 12 2022
Unity Added to Russell 2000 Index

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


June 1 2022
Unity COO Named NJBIZ ICON Honoree

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


May 9 2022
Unity Bank Names Industry Veteran Jim Donovan Chief Lending Officer

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


April 28 2022
Allen Tucker Board Retirement Announcement

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


April 28 2022
Unity Announces 10% Increase in Q2 Cash Dividend

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


April 14 2022
Unity Bancorp Reports Quarterly Earnings of $9.1 Million

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


March 31 2022
Unity Bank Promotes Alvita Ayers to Vice President/SBA Manager

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


March 22 2022
Unity Bank & NID HCA Partnership

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