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Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million James A. Hughes, President & CEO, commented on the financial results: “I am proud to share with you the outstanding financial results of Unity Bancorp Inc. for the 2023 fiscal year, a period thatwas marked by unprecedented challenges in the banking sector. We achieved a record year of earnings with $39.7 million in net income, or $3.84 per diluted share. For the fourth quarter, we generated $9.8 million in net income, or $0.96 per diluted share.
Read Story: Unity Reports Q4 & Year End Earnings
New Owners of Easton’s Bar-Don Lanes Supported by Unity Bank Financing Bowling Alley has been a Community Fixture since 1958 and Unity’s Financing Package is evidence of the Unity’s commitment to supporting Easton Area Businesses
Read Story: Unity Finances Bar-Don
Unity Bank Provides Multimillion Construction Loan for Clinton 122-Unit Assisted Living & Memory Care Center
Adult Day Care Center Also To Be Offered at Former Holiday Inn Property
CLINTON, N.J., December 21, 2023 – Unity Bank has provided a multimillion construction loan to Somerset County entrepreneur Gulshan Chhabra to develop a 122-unit assisted living and memory care residential facility and an adult day care center at the site of Clinton’s former Holiday Inn at 111 West Main Street, which closed during the COVID-19 pandemic. Courtyard Luxury Senior Living, which includes 12 affordable housing units for Clinton, is scheduled to open in March and will hire approximately 80 employees.
Read Story: Senior Living Center Loan
CLINTON, N.J., Nov. 16, 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 December 29, 2023, to shareholders of record as of December 15, 2023.
Read Story: Unity Bancorp Declares Cash Dividend
Unity Bank Named to Piper Sandler Sm-All Stars Class of 2023 Unity is One of Only 31 Banks Nationally Recognized CLINTON, N.J., November 15, 2023 – Unity Bancorp, Inc. (Nasdaq: UNTY), the parent company of Unity Bank, has been named to the prestigious Piper Sandler Sm-All Stars Class of 2023. Unity was one of only 31 publicly traded banks and thrifts to be recognized by the global investment banking firm on its annual list of top performing U.S. small-cap banks and thrifts.
Read Story: All Stars List 2023
Family Promise Receives $6,400 Unity Bank Donation From Car Show CLINTON, N.J., October 30, 2023 – Unity Bank raised $6,400 for Family Promise of Hunterdon County and Family Promise of Warren County through the 17th Annual Cruisin’ Bob’s Classic Car Show held at the bank’s Clinton headquarters. The bank donates all proceeds from the car show to the non-profits, in addition to donating volunteer time to coordinate the event.
Read Story: Unity's Charity Car Show
Unity Bank Board & Executive Team Help America’s Grow-a-Row Harvest 52,000 Servings of Fresh Produce CLINTON, N.J. (October 16, 2023) – The Unity Bank executive team and Board of Directors recently took to the fields at America’s Grow-a-Row (AGAR), helping to harvest 13,000 pounds of tomatoes and peppers, along with other volunteers, that will provide 52,000 servings of healthy produce to those struggling with food insecurity.
Read Story: Unity Supports AGAR
CLINTON, N.J., Oct. 13, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.9 million, or $0.97 per diluted share, for the quarter ended September 30, 2023, compared to net income of $9.7 million, or $0.95 per diluted share for the quarter ended June 30, 2023. This represents a 2.6% increase in net income and a 2.1% increase in net income per diluted share. For the nine months ended September 30, 2023, Unity reported net income of $29.9 million or $2.88 per diluted share, compared to net income of $28.5 million or $2.67 per diluted share for the nine months ended September 30, 2022. This represents a 5.0% increase in net income and a 7.9% increase in net income per diluted share.
Read Story: Unity Bancorp Reports Quarterly Earnings of $9.9 Million
Unity Bank Opens Parsippany Area Branch Joined by Business & Community Leaders Bank Celebrates First Morris County Branch with Donations to Morris County Sheriff’s CrimeStoppers, Lake Hiawatha Fire Department & Parsippany PBS
Read Story: Unity Opens New Branch
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.
Read Story: Unity Welcomes Sharabba
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Speedbump Modal Called Incorrectly!
Simple Modal Called Incorrectly!