-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DhfgKek+uy81C3tm93lLQPmae3XBP6tSa8NI3ocKFo+dmEF9PfIWv9AU3N4iMb2Y G8/3Z5P8suoTWFwHwYL8Zw== 0000950110-97-000801.txt : 19970506 0000950110-97-000801.hdr.sgml : 19970506 ACCESSION NUMBER: 0000950110-97-000801 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19970326 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970505 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITY BANCORP INC /DE/ CENTRAL INDEX KEY: 0000920427 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 223282551 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12431 FILM NUMBER: 97595348 BUSINESS ADDRESS: STREET 1: 64 OLD HIGHWAY 22 CITY: CLINTON STATE: NJ ZIP: 08809 BUSINESS PHONE: 9087307630 MAIL ADDRESS: STREET 1: 64 OLD HIGHWAY 22 CITY: CLINTON STATE: NJ ZIP: 08809 8-K 1 CURRENT REPORT ================================================================================ 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) March 26, 1997 -------------- Unity Bancorp, Inc. ------------------- (Exact name of registrant as specified in its charter) Delaware 1-12431 22-3282551 - ---------------------------- ------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 64 Old Highway 22, Clinton, New Jersey 08809 ----------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (908) 730-7630 -------------- ================================================================================ Page 1 Item 5. Other Events. The Registrant issued a press release on March 26, 1997 announcing a $.05 per share quarterly cash dividend payable on May 5, 1997 to shareholders of record as of April 15, 1997. On April 24, 1997, the Registrant issued a press release announcing it earnings for the first fiscal quarter of 1997. Page 2 Item 7. Exhibits. The following exhibits are filed with this Current Report on Form 8-K. Exhibit No. Description - ----------- ----------- 99a Press Release dated March 26, 1997 99b Press Release dated April 24, 1997 Page 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Unity Bancorp, Inc. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. UNITY BANCORP, INC. (Registrant) Dated: May 5, 1997 By: /s/ JAMES HYMAN ---------------------------------- James Hyman President and Chief Operating Officer Page 4 EXHIBIT INDEX ------------- CURRENT REPORT ON FORM 8-K -------------------------- Sequential Exhibit No. Description Page Number - ----------- ----------- ----------- 99a Press Release dated March 26, 1997 99b Press Release dated April 24, 1997 Page 5 EX-99.(A) 2 PRESS RELEASE 3/26/97 EXHIBIT 99a FOR RELEASE: IMMEDIATELY CONTACT: JAMES HYMAN, PRESIDENT (908) 730-7630 PRESS RELEASE ADRIAN MADONIA, JR. (908) 788-9660 - -------------------------------------------------------------------------------- UNITY BANCORP, INC. DECLARES $.05 QUARTERLY CASH DIVIDEND CLINTON, NEW JERSEY, MARCH 26, 1997...The Board of Directors of UNITY BANCORP, INC. (AMEX: UBI), at its regularly scheduled meeting on March 25, 1997, declared a $.05 per share quarterly cash dividend payable May 5, 1997, to shareholders of record as of April 15, 1997. UNITY BANCORP, INC. is the parent Company of FIRST COMMUNITY BANK. In making the announcement, Chairman and Chief Executive Officer, Robert Van Volkenburgh pointed to continuing profitability as the principal reason for the dividend. This is the tenth consecutive quarterly cash dividend paid by the Corporation. UNITY BANCORP, INC'S subsidiary, FIRST COMMUNITY BANK (AMEX: UBI) is a community oriented full-service commercial bank, providing a wide range of business and consumer financial service through its headquarters in Clinton and branches in Flemington, North Plainfield, Scotch Plains, Springfield and Union, New Jersey. The Bank's newest office is expected to open during the Page 6 beginning of the second quarter at 628 North Wood Avenue, Linden, Union County, New Jersey. For additional information about the Bank's financial service, call 1-800-540- 4790, or visit FCB's Internet page at http://members.aol.com/FCBJC. E-mail can be addressed to the Bank at FCBJC@aol.com. Page 7 EX-99.(B) 3 PRESS RELEASE 4/24/97 EXHIBIT 99b FOR RELEASE: IMMEDIATELY CONTACT: JAMES HYMAN, PRESIDENT (908) 730-7630 PRESS RELEASE ADRIAN MADONIA, JR. (908) 788-9660 - -------------------------------------------------------------------------------- UNITY BANCORP, INC. ANNOUNCES FIRST QUARTER 1997 EARNINGS --------------------------------------------------------- CLINTON, NEW JERSEY, APRIL 24, 1997...UNITY BANCORP, INC. (AMEX: UBI), parent company of FIRST COMMUNITY BANK, reported net income of $196.5 thousand for the first quarter of 1997, off 8% from the first quarter of 1996 net income of $213.7 thousand. On December 31st, the Bank opened a new office in Union followed by a Linden branch, which is now open and operating. Costs associated with the development of both branches and with the American Stock Exchange listing obtained in January, contributed to the increased expenses during the first quarter. The Corporation achieved a 44.6% increase in total assets to $187.6 million at March 31, 1997, compared to $129.7 million a year earlier. Net loans jumped 50.9% to $104.3 million from $69.1 million last year. Total deposits rose 41.1% to $168.0 million, compared to $119.0 million at March 31, 1996. "Net interest income increased 36% to $3.3 million from $2.4 million, and non- interest income increased 29% to $564 thousand from $438 thousand for the respective quarters,: reported Chairman and Chief Executive Officer Robert Page 8 Van Volkenburgh. "These increases helped fund the expansion of the Bank's balance sheet and physical facilities during the past year. We have made a significant investment in expanding our franchise throughout the Central New Jersey corridor and expect great benefit from this investment as the branches mature in their respective markets." UNITY BANCORP, INC.'S subsidiary FIRST COMMUNITY BANK (AMEX: UBI) is a community oriented full-service commercial bank, providing a wide range of business and consumer financial services through its main office in Clinton and its five branches located in North Plainfield, Flemington, Springfield, Scotch Plains and Union, New Jersey. For additional information about the Bank's financial services, call 1-800- 540-4790, or visit FCB's Internet page at http://members.aol.com/FCB.JC. E-mail can be addressed to the Bank at FCBJC@aol.com. Page 9 -----END PRIVACY-ENHANCED MESSAGE-----