| Business Summary | | Unity
Bancorp,
Inc.
is
the
holding
company
of
Unity
Bank
(the
Bank).
The
Bank
is
a
full-service
commercial
bank
that
provides
a
wide
range
of
business
and
consumer
financial
services
through
its
main
office
and
12
branches
located
in
Clinton,
Colonia,
Edison,
Flemington,
Highland
Park,
Linden,
North
Plainfield,
Scotch
Plains,
South
Plainfield,
Springfield,
Union
and
Whitehouse,
New
Jersey.
The
Bank's
primary
service
area
encompasses
the
Route
22/Route
78
corridor
between
the
Bank's
Clinton,
New
Jersey
main
office
and
its
Linden,
New
Jersey
branch. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UNTY
serves
as
a
one-bank
holding
company
for
Unity
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
decreased
15%
to
$12
million.
Net
interest
income
after
loan
loss
provision
decreased
5%
to
$5.2
million.
Net
income
applicable
to
Common
totaled
$70
thousand
vs.
a
loss
of
$1.4
million.
Net
interest
income
reflects
lower
average
earning
assets,
partially
offset
by
a
lower
loan
loss
provision.
Net
income
reflects
decreased
compensation
and
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| David Dallas, 45 Chairman | $183K | Anthony Feraro, 52 Pres,
COO | 33K | Allen Tucker, 71 Vice
Chairman | -- | James Hughes CFO | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|