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  September 5, 2001
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Home > Company Index > Banking > Banking - Northeast > Center Bancorp, Inc.

Center Bancorp, Inc.
Nasdaq: CNBC
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 PROFILE
Center Bancorp is the holding company for the Union Center National Bank, which operates approximately 10 offices in northern New Jersey, just west of Newark. A full-service commercial bank, Union Center provides individuals and local businesses with such services as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. The bank also offers a full range of trust services. Lending activities consist of almost entirely of residential mortgages (about 60% of the bank's portfolio) and commercial loans (almost 40%), but the majority of the bank's investments are in securities.

 COMPETITION
First Union Corporation (FTU)
FleetBoston Financial Corporation (FBF)
West Essex Bancorp, Inc. (WEBK)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 37.30
1-Yr. Sales Growth: 12.3%
Employees: 156
Revenue per employee: $239,102.56

 KEY PEOPLE
• John J. Davis
    CEO
• Anthony C. Weagley
    CFO

 CONTACT INFO
2455 Morris Ave.
Union, NJ 07083
US
Phone: 908-688-9500
Fax: 908-688-3043
Online: Web Site

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