CLINTON, N.J., July 27 /PRNewswire-FirstCall/ -- Unity Bancorp, Inc.
(Nasdaq: UNTY), parent company of Unity Bank, announced today that its Board
of Directors elected Peter Maricondo as a director of the Company, effective
immediately, to fill the vacancy caused by such increase. Mr. Maricondo is
currently serving as the Vice President and Corporate Controller at NUI Corp.
in Bedminster, New Jersey. Prior to his tenure at NUI Corp., Mr. Maricondo
was Vice President/Controller and Chief Accounting Officer at GPU Inc. Mr.
Maricondo holds an MBA degree in Accounting from Seton Hall University and is
a Certified Public Accountant.
"Mr. Maricondo's background in accounting and operations will complement
Unity's already diverse Board and we are very pleased to have him join the
Unity team," said President, James A. Hughes. "The Board and I are delighted
to have Mr. Maricondo assist us in achieving our strategic goals."
Unity Bancorp, Inc. is a financial services organization headquartered in
Clinton, New Jersey, with $491 million in assets and $429 million in deposits.
Unity Bank provides financial services to retail, corporate & small business
customers through its 13 retail service centers located in Hunterdon,
Middlesex, Somerset and Union counties in New Jersey. For additional
information about Unity visit our website at http://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.
SOURCE Unity Bancorp, Inc.
-0- 07/27/2004
/CONTACT: Alan Bedner, EVP, Chief Financial Officer of Unity Bancorp,
Inc., +1-908-713-4308/
/Web site: http://www.unitybank.com /
(UNTY)
CO: Unity Bancorp, Inc.
ST: New Jersey
IN: FIN
SU: PER
TC
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9327 07/27/200414:54 EDThttp://www.prnewswire.com