Unity Bancorp, Inc. Announces Executive Leadership Promotions

CLINTON, N.J., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, is pleased to announce the promotion of George Boyan to President, effective January 1, 2026. Mr. Boyan currently serves as Executive Vice President and Chief Financial Officer and has played a pivotal role in the company’s financial strategy and growth.

In addition to his new role as President, Mr. Boyan will be appointed to the Boards of Directors of both Unity Bancorp, Inc. and Unity Bank, also effective January 1, 2026.

James Davies will succeed Mr. Boyan as Chief Financial Officer. Mr. Davies currently serves as Senior Vice President and Controller. Mr. Davies brings extensive experience in financial management and strategic planning, and has been a key contributor to Unity’s continued success.

James Hughes will continue to serve as Chief Executive Officer and as member of our Board of Directors, maintaining his leadership role in guiding the company’s long-term vision and strategic direction.

“These promotions reflect the strength and depth of Unity’s leadership team,” said Mr. Hughes. “George has demonstrated exceptional leadership and financial acumen, and James is well-prepared to take on the CFO role. I look forward to working closely with both of them in their new roles, as we continue to grow and serve our customers and communities.”