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Unity Bancorp Declares Cash Dividend


Unity Bancorp Declares Cash Dividend
May 27, 2021 14:11 ET
| Source:
Unity Bancorp, Inc.
Unity Bancorp, Inc.
Clinton, New Jersey, UNITED STATES
CLINTON, N.J., May 27, 2021 (GLOBE NEWSWIRE) Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.09 per common share. Such dividend is payable on June 25, 2021, to shareholders of record as of June 11, 2021.
Unity Bancorp, Inc. is a financial service organizat
ion headquartered in Clinton, New Jersey, with approximately $2.0 billion in assets and $1.6 billion in deposits. Unity Bank, the company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its 19 retail service centers located in Bergen, Hunterdon, Middlesex, Somerset, Union and Warren Counties in New Jersey and Northampton County, Pennsylvania. For add ....

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Unity Bancorp Reports Quarterly Earnings of $7.3 Million


Unity Bancorp Reports Quarterly Earnings of $7.3 Million
January 22, 2021 14:00 ET
| Source:
Unity Bancorp, Inc.
Unity Bancorp, Inc.
Clinton, New Jersey, UNITED STATES
CLINTON, N.J., Jan. 22, 2021 (GLOBE NEWSWIRE) Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $7.3 million, or $0.69 per diluted share, for the quarter ended December 31, 2020, a 20.0 percent increase compared to net income of $6.1 million, or $0.55 per diluted share for the prior year’s fourth quarter. For the year ended December 31, 2020, Unity reported net income of $23.6 million, or $2.19 per diluted share, compared to net income of $23.7 million, or $2.14 per diluted share for the year ended December 31, 2019. Overall earnings were impacted primarily due to an increased provision for loan losses, necessitated by the COVID-19 pandemic, partially offset by revenue generated by the Small Business ....

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