Center Bancorp, Inc.'s Private Banking Division Announces Strategic
Partnership With Alexander, Troy & Company
UNION, N.J., Jan. 7, 2013 (GLOBE NEWSWIRE) -- Center Bancorp, Inc.
(Nasdaq:CNBC), parent company of Union Center National Bank ("UCNB" or the
"Bank"), announced the creation of a strategic partnership between the Bank's
Private Banking Division and Alexander, Troy & Company ("AT&CO."), Family
Office Services, of Katonah, New York. Alexander, Troy & Company, run by the
firm's principal and founder, Peter Chryssos, provides customized financial
and administrative services to high-net worth individuals. "We are privileged
to partner with Alexander Troy & Company which, like UCNB, is focused on its
distinctive clients," said Anthony C. Weagley, President and Chief Executive
Officer of UCNB. "The Private Banking Division at Union Center National Bank
provides unparalleled personal attention and an exceptional range of products
and services, such as this new partnership," continued Mr. Weagley. "We
continuously seek ways to evolve and innovate our client's banking experience.
It is through our passion for our work, and embodying the principles of
integrity, tradition, trust, and excellence, that we earn the privilege of
long-term relationships with clients and the community," added Mr. Weagley.
AT&Co., created in 1989 to serve the personal finance needs of Mr. Chryssos'
clients residing in New York, New Jersey and Connecticut, is excited about
expanding its business management and concierge services to meet the needs of
Union Center National Bank's Private Banking clients. "We are honored and
humbled to become partners with an organization like UCNB whose unparalleled
commitment to their customers has been a longstanding tradition," said Peter
Chryssos."We look forward to serving UCNB's Private Banking clients in the
manner to which they've become accustomed and to bringing several new
offerings which enhance the Private Banking menu of services," added Mr.
About Center Bancorp, Inc.
Center Bancorp, Inc. is a bank holding company which operates Union Center
National Bank, its main subsidiary. Chartered in 1923, Union Center National
Bank is one of the oldest national banks headquartered in the state of New
Jersey and now ranks as the third largest national bank headquartered in the
state. Union Center National Bank is currently the largest commercial bank
headquartered in Union County. Its primary market niche is its commercial
banking business. The Bank focuses its lending activities on commercial
lending to small and medium-sized businesses, real estate developers and high
net worth individuals.
The Bank, through its Private Banking and Wealth Management Division, which
includes its wholly-owned subsidiary, Center Financial Group LLC, provides
personalized wealth management and advisory services to high net worth
individuals and families. Our services include banking, liquidity management,
investment services, custody, tailored lending, wealth planning, trust and
fiduciary services, insurance, family wealth and philanthropic advisory
Center also, through a strategic partnership with Compass Financial
Management, LLC and ING, offers pension/401(k) planning services. Compass is
an Investment Advisory Company with five decades of cumulative experience
providing investment services in a personal, professional and attentive
manner. They provide discretionary private investment management for
individuals and corporate accounts as well as 401(k) advisory services.
The Bank currently operates 15 banking locations in Bergen, Morris and Union
Counties in New Jersey. Banking centers are located in Union Township (five
locations), Berkeley Heights, Boonton/Mountain Lakes, newly opened in
Englewood, Madison, Millburn/Vauxhall, Morristown, Oakland, Saddle River,
Springfield, and Summit. The Bank's primary market area is comprised of
Bergen, Morris, and Union Counties, New Jersey.
For further information regarding Center Bancorp, Inc., please visit our
website at http://www.centerbancorp.com or call 800.862.3683. For information
regarding Union Center National Bank, please visit www.ucnb.com or call
CONTACT: Investor Inquiries:
Joseph D. Gangemi
VP, Investor Relations
France Delle Donne
VP, Director of
Communications & Public Relations
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