November 6 2023
Unity's Charity Car Show

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


October 17 2023
Unity Supports AGAR

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


October 13 2023
Unity Bancorp Reports Quarterly Earnings of $9.9 Million

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


October 10 2023
Unity Opens New Branch

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


October 3 2023
Unity Bank's 17th Annual Car Show

Unity Bank’s Annual Classic Car Show Benefiting Family Promise Seeks Registrants
 
CLINTON, N.J., October 2, 2023 – Unity Bank is seeking classic car owners for the 17th Annual Cruisin’ Bob’s Classic Car Show, which will be held at the bank’s Clinton headquarters Sunday, October 15th from 10:00 a.m. to 2:00 p.m. The car show is held at Unity Bank, 64 Old Highway 22, Clinton.
 

Read Story: Unity Bank's 17th Annual Car Show


August 18 2023
Unity Bancorp Declares Cash Dividend

CLINTON, N.J., Aug. 17, 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 September 22, 2023, to shareholders of record as of September 8, 2023.

Read Story: Unity Bancorp Declares Cash Dividend


August 11 2023
Unity SBA Loan Story

Unity Bank Provides $752,000 SBA Loan for Muddy Waters Gastropub
 
CLINTON, N.J., August 10, 2023 – Unity Bank has provided a $752,000 U.S. Small Business Administration (SBA) loan to help fund the opening of Muddy Waters Gastropub, a unique Asbury restaurant that provides Austrian and Hungarian favorites as well as traditional pub fare.
 

Read Story: Unity SBA Loan Story


July 31 2023
Unity Named Top Bank

 Unity Bank Ranked 13th Nationally by Bank Director in U.S. Ranking of the Best Publicly Traded Banks
 Unity Ranked 7th Nationally Among Banks in its Asset Category
 
CLINTON, N.J. (July 31, 2023) – Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, has been selected for the second year in a row for the national Top 25 Banks ranking published by Bank Director magazine.
 

Read Story: Unity Named Top Bank


July 19 2023
Hunterdon Happening Award

Unity Bank Named Best Bank 2023 by Hunterdon Happening

CLINTON, N.J., July 19, 2023 – Unity Bank was recently named the Best Bank 2023 by Hunterdon Happening, an annual rating of businesses located in Hunterdon County started in 2011. Hunterdon Happening reports that more than 300,000 votes were cast in the most recent review of local businesses.
 

Read Story: Hunterdon Happening Award


July 14 2023
Unity Reports Earnings of $9.7 Million

Unity Bancorp Reports Quarterly Earnings of $9.7 Million

James A. Hughes, President and CEO, commented on the financial results: “We are pleased to report another solid quarter of financial results. For the quarter, we realized $9.7 million of net income, or $0.95 per diluted share. This represents 1.60% ROA and 16.19% ROE.

The inverted yield curve, slower loan growth, and increased deposit competition has created a challenging environment for all banks. Although Unity is not immune to this trend, we are in a strong position to face these headwinds and remain the bank of choice for the communities we serve. We are a conservatively managed organization that has constantly been recognized as a top-tier community bank.

As the second half of the year progresses, we will continue to build on our performance by working with our clients and employees to solve problems and deliver extraordinary services. As a community bank with a strong franchise, each product that we offer goes a long way to support the communities that we are proud to serve.”

Read Story: Unity Reports Earnings of $9.7 Million

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