CLINTON, N.J. (Oct. 20, 2022) – Banking industry veteran Ryan Peene has joined Unity Bank as Senior Vice President/Chief Depository Officer (CDO), bringing extensive financial services industry leadership experience to the community bank. Peene leads the development and execution of Unity’s retail banking operations and is responsible for the growth and retention of municipal deposit relationships.

“We are excited to welcome Ryan to the Unity Bank family,” said Unity Bank President & CEO James A. Hughes. “He is an accomplished finance executive with expertise in community, commercial and government banking. Ryan has been successful developing and cultivating strong relationships throughout the state and we look forward to his continued success with Unity.”

Most recently, Peene was Senior Vice President and Director of Market Growth and Development with Spencer Savings Bank. Previously, he was Senior Vice President of Government Banking and Corporate Development at SB One Bank. He also worked as a consultant with MBI Public Affairs, one of New Jersey’s largest public affairs firms.

In 2019, Peene received the 40 Under 40 award from NJBIZ magazine. He is currently a Commissioner on the City of Hoboken Planning Board and served as Vice Chairman from 2017-2019. Peene currently is a member and Treasurer of the Board of Directors of Greater Bergen Community Action and a board member of the Waterfront Project in Jersey City, which provides free legal services to those in need. He is a member of the NJBankers Government Relations Committee; an honorary member of the Hudson County Chiefs of Police Association; former member of the New Jersey Council on Local Mandates; and served as a Trustee on the Board of Bergen Catholic High School from 2012-2015.

Peene graduated from the University of Notre Dame’s Mendoza College of Business with a master’s degree in nonprofit business administration and from Rutgers University with an undergraduate degree in political science. In 2018, he graduated from the Wharton University of Pennsylvania’s American Bankers Association (ABA) Stonier Graduate School of Banking.

Peene has three daughters, Elizabeth, 7, Mary Katherine, 5, and Norah, 3.
About Unity Bancorp, Inc.
Unity Bancorp, Inc. (Nasdaq: UNTY), the parent company of Unity Bank, its primary and wholly owned subsidiary, is a financial services organization headquartered in Clinton, New Jersey. Unity Bank provides financial services to businesses and consumers at 19 branches throughout New Jersey and the Lehigh Valley, Pennsylvania. Unity Bank provides community-oriented commercial banking services, including deposit accounts, loans, online and mobile services. For more information, please visit or call 800-618-BANK (800-618-2265).

October 20 2022

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