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CLINTON, N.J. (August 20, 2020) – Unity Bank has donated $2,500 to the Elumis Foundation to help support the organization’s mission of providing families in impoverished areas of the world with solar kits. The foundation was founded by Franklin Lakes teenagers Eva and Michael Sakellakis who were inspired by their father’s solar energy business.
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As a community banker, I see the toll the pandemic has had on small businesses on a daily basis. Many small businesses that we know personally are struggling to survive. While I completely understand the need to proceed with caution when it comes to COVID-19 and re-opening businesses, I think we can and should be doing more.
CLINTON, N.J. (August 6, 2020) – Unity Bank has donated $5,000 to Family Promise of Hunterdon County and Family Promise of Warren County after holding its first virtual car show. The 14th Annual Cruisin’ Bob’s Classic Car Show, which for the prior 13 years had been held at the bank’s Clinton headquarters, was virtual due to the coronavirus pandemic.
Clinton, NJ, July 23, 2020 - Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $5.2 million, or $0.47 per diluted share, for the quarter ended June 30, 2020, an 11.4 percent decrease compared to $5.8 million, or $0.53 per diluted share for the prior year’s second quarter. For the six months ended June 30, 2020, Unity reported net income of $10.5 million, or $0.96 per diluted share, an 8.9 percent decrease compared to $11.6 million or $1.05 per diluted share for the prior year’s period. The decreases in earnings were primarily due to an increased provision for loan losses, necessitated by the COVID-19 pandemic and governmental responses.
CLINTON, N.J. (June 9, 2020) – Unity Bank is seeking sponsors and classic car owners for the 14th Annual Cruisin’ Bob’s Classic Car Show, which for the last 13 years has been held at the bank’s Clinton headquarters, but will be virtual this year due to the coronavirus pandemic. All proceeds from the car show will benefit Family Promise of Hunterdon County and Family Promise of Warren County.
CLINTON, N.J. (May 14, 2020) – Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, was the top ranked New Jersey community bank on the recently published American Banker magazine list of the Top 200 Publicly Traded Community Banks with less than $2 billion in assets. Unity was ranked 15th nationally on the respected industry list, which reviewed 511 institutions throughout the U.S.
CLINTON, NJ, - Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced today that industry veteran Anthony L. Cossetti will be joining the Company as Executive Vice President and Chief Financial Officer, effective June 8, 2020. Mr. Cossetti has extensive experience in finance, accounting and reporting, budgeting, liquidity and capital management, strategic planning and interest rate risk management.
CLINTON, N.J. (April 29, 2020) – Gary Shiman, Co-Owner and Executive Vice President of Bellari Home Remodeling of Branchburg, represents one of the nearly 1,000 businesses that will receive more than $130 million in Unity Bank loans through the Small Business Administration (SBA) Paycheck Protection Program (PPP), the special funding initiative designed to help small businesses survive the coronavirus (COVID-19) pandemic.
Clinton, NJ, April 17, 2020 - Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $5.4 million, or $0.49 per diluted share, for the quarter ended March 31, 2020, a 6.5% decrease compared to the $5.7 million, or $0.52 per diluted share reported for the prior year’s first quarter, primarily due to an increase of $1.0 million in our provision for loan losses, necessitated by impacts on the loan portfolio caused by COVID-19.
March 31, 2020 – Clinton, New Jersey – Unity Bancorp, Inc. (NASDAQ “UNTY”) announced today that due to the public health impact of the coronavirus outbreak (COVID-19), to support the health and well-being of our partners and shareholders, and to ensure compliance with all governmental directives to avoid group meetings and encourage social distancing, that the manner of holding of the Company’s 2020 Annual Meeting of Shareholders has been changed. The Annual Meeting will now be held on Thursday, April 23, 2020 at 9:30 a.m. (the same date and time as indicated in the Company’s original proxy statement). In addition, the Annual Meeting will now be held by electronic means only, in a virtual meeting format only. You will not be able to attend the Annual Meeting physically.
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