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Center Bancorp, Inc. Declares Quarterly Dividend of $0.055 Per Share



Center Bancorp, Inc. Declares Quarterly Dividend of $0.055 Per Share

UNION, N.J., Feb. 27, 2013 (GLOBE NEWSWIRE) -- Center Bancorp, Inc.
(Nasdaq:CNBC), parent company to Union Center National Bank, ("UCNB"),
announces that the Board of Directors declared a quarterly cash dividend of
$0.055 per share, at its Board meeting dated February 27, 2013.

This dividend declared is for the quarter ending March 31, 2013. The dividend
will be distributed on May 1, 2013, to shareholders of record on April 12,
2013.

About Center Bancorp

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 advisory services and
philanthropic advisory services. The Bank, through a strategic partnership
between the Bank's Private Banking Division and Alexander, Troy & Company
("AT&CO."), Family Office Services, of Katonah, New York, provides customized
financial and administrative services to high-net worth individuals.

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 Union, Morris and Bergen
Counties in New Jersey. Banking centers are located in Union Township (5
locations), Berkeley Heights, Boonton/Mountain Lakes, Madison,
Millburn/Vauxhall, Morristown, Oakland, Saddle River, Springfield, and Summit,
New Jersey. The Bank's primary market area is comprised of Union, Morris and
Bergen Counties, New Jersey. Also, the Corporation opened the new Englewood
banking center, located in downtown Englewood, NJ, in December 2012. 

For further information regarding Center Bancorp, Inc., please visit our web
site at http://www.centerbancorp.com or call (800) 862-3683. For information
regarding Union Center National Bank, please visit our web site at
www.ucnb.com.

CONTACT: Investor Inquiries:
         Joseph D. Gangemi
         Senior Vice President,
         Investor Relations
         908.206.2863
        
         Media Inquiries:
         France Delle Donne
         Senior Vice President,
         Communications & PR
         908.206.2668

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