8-K

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

April 24, 2008

Date of Report (Date of earliest event reported)

____________________________

UNITY BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

New Jersey

(State or Other Jurisdiction of Incorporation)

1-12431	22-3282551
(Commission File Number)	(IRS Employer Identification No.)

64 Old Highway 22

Clinton, NJ  08809

(Address of Principal Executive Office)

(908) 730-7630

(Registrant's Telephone Number, Including Area Code)

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:

 o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 o Soliciting material pursuant to Rule 14a12 under the Exchange Act (17 CFR 240.14a-12)

 o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. OTHER EVENTS

On April 24, 2008, the Registrant issued a press release announcing the declaration of a stock dividend of 5 percent, payable on June 27, 2008 to shareholders of record as of June 13, 2008.  The full text of the press release is attached hereto as Exhibit 99.1 with this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits
EXHIBIT NO.	DESCRIPTION
99.1	Press release issued by the Registrant on April 24, 2008

SIGNATURES

 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.

		UNITY BANCORP, INC.
	By:	/s/ Alan J. Bedner, Jr.
		Alan J. Bedner  EVP and Chief Financial Officer
Date: April 25, 2008

EXHIBIT INDEX

(d) Exhibits
EXHIBIT NO.	DESCRIPTION
99.1	Press release issued by the Registrant on April 24, 2008

EX-99.1

                                      

            Unity Bancorp, Inc.

64 Old Highway 22

Clinton, NJ 08809

800 618-BANKwww.unitybank.com

NewsNewsNewsNewsNews

For Immediate Release:

April 24, 2008

News Media & Financial Analyst Contact:

Alan Bedner, EVP

Chief Financial Officer

(908) 713-4308

Unity Bancorp Announces 5% Dividend Declaration

Clinton, NJ - Unity Bancorp, Inc (NASDAQ: UNTY), parent company of Unity Bank,

announced today that the Board of Directors declared a 5 percent stock dividend payable on June 27, 2008, to all shareholders of record as of June 13, 2008.  “This is our sixth consecutive year of paying a 5 percent stock dividend to our loyal shareholders,” said Mr. Hughes.

Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with $808 million in assets and $642 million in deposits.  Unity Bank provides financial services to retail, corporate & small business customers through its 16 retail service centers located in Hunterdon, Middlesex, Somerset, Union and Warren counties in New Jersey and Northampton County, Pennsylvania. For additional information about Unity visit our website at www.unitybank.com or call 800 618-BANK.

This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance.  These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the company’s control and could impede its ability to achieve these goals.  These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, and results of regulatory exams, among other factors.