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

Date of Report (Date of earliest event reported) November 22, 2005

UNITY BANCORP, INC.

(Exact name of registrant as specified in its charter)

New Jersey	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

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 14a-12 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

The Registrant issued a press release on November 22, 2005 announcing that the Bank completed its previously announced transaction with interState Net Bank under which the Bank purchased loans and assumed deposits of interState’s leased branch in Phillipsburg, New Jersey, the full text of which is incorporated by reference to this Item.

Item 9.01. Financial Statements and Exhibits

The following exhibit is filed with this Current Report on Form 8-K.

EXHIBIT NO.	DESCRIPTION
99.1	Press Release dated November 22, 2005.

2

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.
	(Registrant)
Dated: November 22, 2005	By: /s/ Alan J. Bedner, Jr.
	Alan J. Bedner, Jr.
	EVP and Chief Financial Officer

3

INDEX TO EXHIBITS

Exhibit	Description
99.1	Press Release dated November 22, 2005.

4

EX-99.1

Exhibit 99.1

Unity Bancorp, Inc.

64 Old Highway 22

Clinton, NJ 08809

800 618-BANK

www.unitybank.com

NewsNewsNewsNews

For Immediate Release:

November 22, 2005

News Media & Financial Analyst Contact:

Alan Bedner, EVP

Chief Financial Officer

(908) 713-4308

Unity Bancorp Announces the Closing of Phillipsburg Branch Transaction

Clinton, NJ - Unity Bancorp, Inc (NASDAQ: UNTY), parent company of Unity Bank announced that the Bank completed its previously announced transaction with interState Net Bank under which the Bank purchased loans and assumed deposits of interState’s leased branch in Phillipsburg, New Jersey. Commencing Monday, November 21, the Bank began operating the branch at 1228 Route 22 East in Phillipsburg, New Jersey.

The branch acquisition added approximately $21.0 million in related deposits and $16.4 million in related loans to Unity’s existing branch network. The purchase price was approximately $1.6 million.  “The Phillipsburg location represents our 14th branch and we believe that this location represents an excellent opportunity for loan and deposit generation,” said Mr. Hughes. “It also expands our franchise into Warren County.”

Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with $610 million in assets and $519 million in deposits.  Unity Bank provides financial services to retail, corporate & small business customers through its 14 retail service centers located in Hunterdon, Middlesex, Somerset, Warren and Union counties in New Jersey.  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.