Unity Bancorp, Inc.
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- Unity Bancorp, Inc. (NASDAQ: UNTY) operates as the bank holding company for Unity Bank, a community-oriented commercial bank that provides a full range of retail and commercial banking services to individuals, small and medium-sized businesses, and professional communities primarily in New Jersey and the Lehigh Valley region of Pennsylvania; core offerings include personal and business checking accounts, money market accounts, savings accounts, retirement accounts, time deposits, noninterest-bearing and interest-bearing demand deposits, credit and debit cards, wire transfers, safe deposit boxes, automated teller machine services, internet and mobile banking, automated clearing house origination, remote deposit capture, escrow accounts, merchant services, and online business services; lending activities encompass commercial loans, small business administration loans, consumer loans, mortgage loans, home equity loans, personal loans, owner-occupied and non-owner-occupied commercial mortgages, commercial and industrial loans secured by receivables, inventory and equipment, and residential and commercial construction loans. Founded in 1991 and headquartered in Clinton, New Jersey, the company maintains a network of 22 branches across its primary markets and manages approximately $2.8 billion in assets and $2.2 billion in deposits. Recent developments include the opening of a new branch in Madison, New Jersey in June 2025, marking its 22nd location and expanding its retail footprint; a multi-year naming rights partnership with the Somerset County Business Partnership in April 2025 for the Somerset Business Hub; executive leadership promotions announced in November 2025 with George Boyan elevated to President effective January 1, 2026 while retaining his CFO role and joining the boards of Unity Bancorp and Unity Bank; strong financial performance with record net income of $16.5 million in Q2 2025 and $14.4 million in Q3 2025, driven by loan growth of $37.5 million in Q2, deposit increases, net interest margin expansion to 4.49%, and one-time gains from securities sales related to Patriot National Bancorp; and recognition as the 14th top publicly traded bank in the U.S. by Bank Director's 2025 RankingBanking report in August 2025.
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