UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): April 29, 2013
CENTER BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
| New Jersey | 2-81353 | 52-1273725 |
| (State or Other Jurisdiction | (Commission File Number) | (IRS Employer |
| of Incorporation) | Identification No.) |
| 2455 Morris Avenue, Union, New Jersey | 07083 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code (800) 862-3683
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.
On April 29, 2013, Center Bancorp, Inc. (the “Company”) announced that Rona Korman had joined the Company as Senior Vice President and General Counsel, and that she will hold the same position with Union Center National Bank (the “Bank”), the Company’s wholly-owned subsidiary.
On May 2, 2013, the Company announced that Vincent Tozzi had informed the Company that he is resigning from the positions of Vice President, Treasurer & Chief Financial Officer of the Company and as Senior Vice President and Chief Financial Officer of the Bank, effective May 31, 2013, and that Francis “Rich” Patryn, Senior Vice President and Comptroller, will assume the role of interim Chief Financial Officer.
The Company’s press releases, dated April 29, 2013 and May 2, 2013, respectively, are filed as Exhibits to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 – Press release of the Registrant, dated April 29, 2013.
Exhibit 99.2 – Press release of the Registrant, dated May 2, 2013.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CENTER BANCORP, INC. | ||
| By: | /s/ Joseph D. Gangemi | |
| Name: | Joseph D. Gangemi | |
| Title: | Vice President & Corporate Secretary | |
Date: May 3, 2013
EXHIBIT INDEX
Exhibit 99.1 – Press release of the Registrant, dated April 29, 2013.
Exhibit 99.2 – Press release of the Registrant, dated May 2, 2013.
CONTACT:
Investor Inquiries:
Joseph Gangemi
Senior Vice President
Investor Relations
908.206.2863
Media Inquiries:
France Delle Donne
Senior Vice President
Communications & PR
908.206.2668
Center Bancorp Announces Hire for New
General Counsel and Senior Management Position
UNION, N.J., April 29, 2013 (GLOBE NEWSWIRE) -- Center Bancorp, Inc. (Nasdaq:CNBC) (the "Corporation", or "Center"), parent company of Union Center National Bank ("UCNB" or the “Bank”), announced the appointment of Rona E. Korman as Senior Vice President and General Counsel of the Bank. Ms. Korman will hold the same title and position for the Center Bancorp holding company. The general counsel title is a new position for Center and the Bank. In her new role Korman will be responsible for Center’s legal department and will also join the Bank’s senior management committee. Rona E. Korman, of West Orange, NJ, is the former General Counsel of Big M, Inc.; a position she held for 20 years.
At Big M, Inc. Ms Korman directed all legal affairs including real estate, corporate, employment, consumer affairs, anti-trust, insurance, construction, advertising, trademark, customs, e-commerce, and litigation. Prior to Big M, Ms. Korman was at the firm of Cole, Schotz, Bernstein, Meisel & Forman, PC where she worked with clients in the retail, commercial, and industrial real estate, zoning and land use, and financial sectors. Rona Korman graduated Cum Laude from Moravian College where she earned a Bachelor of Arts degree and earned a J.D. from Rutgers University, School of Law. She is admitted to the New Jersey Bar.
"We are thrilled to have Rona Korman join the UCNB team," said Anthony C. Weagley, President & Chief Executive Officer. "Rona’s strong legal and business background and reputation will be of tremendous asset to our organization," added Mr. Weagley.
Ms. Korman is replacing UCNB lending department Vice President and Counsel Sheldon Jaffe who has served in this capacity since 2008. “We are thankful for Shelly’s tenure with the Bank and wish him every success in his future endeavors,” said Anthony C. Weagley.
About Center Bancorp
Center Bancorp, Inc. is a bank holding company, which operates Union Center National Bank, its main subsidiary. Chartered in 1923, Union Center National Bank is one of the oldest national banks headquartered in the state of New Jersey and now ranks as the third largest national bank headquartered in the state. Union Center National Bank is currently the largest commercial bank headquartered in Union County. Its primary market niche is its commercial banking business. The Bank focuses its lending activities on commercial lending to small- and medium-sized businesses, real estate developers and high net worth individuals.
The Bank, through its Private Banking and Wealth Management Division, which includes its wholly-owned subsidiary, Center Financial Group LLC, provides personalized wealth management and advisory services to high net worth individuals and families. Our services include banking, liquidity management, investment services, custody, tailored lending, wealth planning, trust and fiduciary services, insurance, family wealth advisory services and philanthropic advisory services. The Bank, through a strategic partnership between the Bank's Private Banking Division and Alexander, Troy & Company ("AT&CO."), Family Office Services, of Katonah, New York, provides customized financial and administrative services to high-net worth individuals.
Center also through a strategic partnership with Compass Financial Management, LLC and ING offers pension/401(k) planning services. Compass is an Investment Advisory Company with five decades of cumulative experience providing investment services in a personal, professional and attentive manner. They provide discretionary private investment management for individuals and corporate accounts as well as 401(k) advisory services.
The Bank currently operates 15 banking locations in Union, Morris and Bergen Counties in New Jersey. Banking centers are located in Union Township (5 locations), Berkeley Heights, Boonton/Mountain Lakes, Englewood, Madison, Millburn/Vauxhall, Morristown, Oakland, Saddle River, Springfield, and Summit, New Jersey. Center received approval from the Office of the Comptroller of the Currency to open a Private Banking and Loan Production Office in Princeton, NJ. The Bank's primary market area is comprised of central and northern New Jersey.
For further information regarding Center Bancorp, Inc., please visit our web site at http://www.centerbancorp.com or call (800) 862-3683. For information regarding Union Center National Bank, please visit our web site at www.ucnb.com.
CONTACT: Investor Inquiries:
Joseph Gangemi
Senior Vice President
Investor Relations
(908) 206-2863
Media Inquiries:
France Delle Donne
Senior Vice President
Communications & PR
(908) 206-2668
Center Announces Resignation of Officer
UNION, N.J., May 3, 2013 (GLOBE NEWSWIRE) -- Center Bancorp, Inc. (Nasdaq:CNBC) (the "Corporation", or "Center"), parent company of Union Center National Bank ("UCNB"), announced that Vincent Tozzi, has resigned from the position of Vice President, Treasurer & Chief Financial Officer of Center Bancorp, Inc. and as Senior Vice President and Chief Financial Officer of Union Center National Bank., effective May 31, 2013 to pursue other business opportunities. The Bank announced that Francis “Rich” Patryn, Senior Vice President & Comptroller would be assuming the role of interim Chief Financial Officer.
“Rich has been a valued member of the Bank management team for the past 15 plus years, and we wish him success in his new position,” said Anthony Weagley, President and Chief Executive Officer. “We are fortunate to have Rich, an experienced financial manager, available to assume Vince’s duties.” Rich currently serves as the bank's Comptroller, a role he assumed in 1997. Rich holds a BS from St. Peters College and is a Graduate of the Stonier Graduate School of Banking.
About Center Bancorp
Center Bancorp, Inc. is a bank holding company, which operates Union Center National Bank, its main subsidiary. Chartered in 1923, Union Center National Bank is one of the oldest national banks headquartered in the state of New Jersey and now ranks as the third largest national bank headquartered in the state. Union Center National Bank is currently the largest commercial bank headquartered in Union County. Its primary market niche is its commercial banking business. The Bank focuses its lending activities on commercial lending to small- and medium-sized businesses, real estate developers and high net worth individuals.
The Bank, through its Private Banking and Wealth Management Division, which includes its wholly-owned subsidiary, Center Financial Group LLC, provides personalized wealth management and advisory services to high net worth individuals and families. Our services include banking, liquidity management, investment services, custody, tailored lending, wealth planning, trust and fiduciary services, insurance, family wealth advisory services and philanthropic advisory services. The Bank, through a strategic partnership between the Bank's Private Banking Division and Alexander, Troy & Company ("AT&CO."), Family Office Services, of Katonah, New York, provides customized financial and administrative services to high-net worth individuals.
Center also through a strategic partnership with Compass Financial Management, LLC and ING offers pension/401(k) planning services. Compass is an Investment Advisory Company with five decades of cumulative experience providing investment services in a personal, professional and attentive manner. They provide discretionary private investment management for individuals and corporate accounts as well as 401(k) advisory services.
The Bank currently operates 15 banking locations in Union, Morris and Bergen Counties in New Jersey. Banking centers are located in Union Township (5 locations), Berkeley Heights, Boonton/Mountain Lakes, Englewood, Madison, Millburn/Vauxhall, Morristown, Oakland, Saddle River, Springfield, and Summit, New Jersey. Center filed an application in March 2013 with the Office of the Comptroller of the Currency to open a Private Banking and Loan Production Office in Princeton, NJ. The Bank's primary market area is comprised of Union, Morris and Bergen Counties, New Jersey.
For further information regarding Center Bancorp, Inc., please visit our web site at http://www.centerbancorp.com or call (800) 862-3683. For information regarding Union Center National Bank, please visit our web site at www.ucnb.com.