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Home > Company Index > Banking > Banking - Northeast > Unity Bancorp, Inc.

Unity Bancorp, Inc.
Nasdaq: UNTY
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 PROFILE
Unity Bancorp is the holding company for Unity Bank, a full-service commercial bank that caters to individuals, small businesses, and midsized businesses through about a dozen banking offices in New Jersey. Unity Bank's deposit products include checking, savings, money market, and NOW accounts, as well as time deposits. Residential real estate loans make up about 40% of the bank's loan portfolio, which also includes business (more than 25%) and consumer loans. A period of aggressive acquisitiveness led to losses, forcing the bank to restructure, sell several banking branches, and close a mortgage subsidiary.

 COMPETITION
First Union Corporation (FTU)
FleetBoston Financial Corporation (FBF)
Valley National Bancorp (VLY)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 35.70
1-Yr. Sales Growth: 21.8%
Employees: 139
Revenue per employee: $256,834.53

 KEY PEOPLE
• Anthony Feraro
    CEO
• James A. Hughes
    CFO

 CONTACT INFO
64 Old Hwy. 22
Clinton, NJ 08809
US
Phone: 908-730-7630
Fax: 908-730-9430
Online: Web Site

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