Unity Bancorp : May 22 2023Unity to Open Morris County Branch
May 22, 2023 at 12:20 am EDT
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Lake Hiawatha Branch Will Provide Community Bank with 21 Retail Locations in New Jersey & Lehigh Valley, Pa.
LAKE HIAWATHA, N.J. (May 19, 2023) -Unity Bank is opening a new full service branch in Lake Hiawatha, the community bank's first location in Morris County and third new retail banking site since December.
The new branch, located at 66 N. Beverwyck Road, will increase Unity's retail banking presence to 21 branches in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania.
"The bank's business and residential lending programs have been active in Morris County for some time, making the new branch a logical expansion of our retail service footprint," said Unity Bank President & CEO James A. Hughes. "The Morris County population is growing and we believe there is a good opportunity to enhance our residential mortgage lending business. Banking services at the branch level are increasingly important to our customers, particularly small business owners who still, even in the age of electronic banking, rely on branches."
Unity is planning to open the Lake Hiawatha branch this summer and is offering customer incentives to open accounts online prior to the introduction of the retail location. For details on the promotion, please visit unitybank.com/lakehiawatha.
The 3,864-square-foot N. Beverwyck Road facility was previously operated as a branch by another bank. The branch will include six dedicated parking spaces and drive-up banking and ATM services.
Unity recently opened new branches in Fort Lee in Bergen County and Lakewood in Ocean County, which marked the bank's first site in Ocean County. Unity holds about $2.5 billion in assets and $1.8 billion in deposits.
About Unity Bancorp, Inc.
Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, its primary and wholly owned subsidiary, is a financial services organization headquartered in Clinton, New Jersey. Unity Bank provides financial services to businesses and consumers at 20 branches throughout New Jersey and the Lehigh Valley, Pennsylvania. Unity Bank provides community-oriented commercial banking services, including deposit accounts, loans, online and mobile services. For more information, please visit unitybank.com or call 800-618-BANK (800-618-2265).Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC). To learn about FDIC insurance for deposits with member banks, please visit FDIC.gov.
Unity Bancorp Inc. published this content on 22 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2023 04:19:10 UTC.
Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The primary activity of the Company is ownership and supervision of the Bank. The Bank, the Companyâs wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. The Bank conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, savings accounts, credit cards, debit cards, wire transfers, safe deposit boxes, access to automated teller services and Internet and mobile banking, typical of a community banking business. The Bank also offers retirement accounts, automated clearing house (ACH) origination and remote deposit capture (RDC).
UNITY BANCORP, INC. 
