Unity Bank Announces Passing of Director Charles S. Loring
CLINTON, N.J., March 13, 2013
CLINTON, N.J., March 13, 2013 /PRNewswire/ --Unity Bancorp, Inc. (NASDAQ:
UNTY), parent company of Unity Bank, today announced the passing of Director
Charles S. Loring. Mr. Loring passed away on March 8, 2013, at the age of 71.
James A. Hughes, President and CEO, stated "I am deeply saddened by the death
of Mr. Loring. Mr. Loring was a founding member of Unity Bancorp, Inc., and
ran a successful CPA firm in Bridgewater for over forty years. Mr. Loring
will be missed greatly. On behalf of Unity Bancorp, Inc., I wish to extend
our deepest condolences to his family and friends."
Unity Bancorp, Inc. is a financial service organization headquartered in
Clinton, New Jersey, with approximately $820 million in assets and $649
million in deposits. Unity Bank provides financial services to retail,
corporate and small business customers through its 15 retail service centers
located in Hunterdon, Middlesex, Somerset, Union and Warren Counties in New
Jersey and Northampton County, Pennsylvania. 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 may be identified
by use of the words "believe", "expect", "intend", "anticipate", "estimate",
"project" or similar expressions. 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 those items included in our Annual
Report on Form 10-K under the heading "Item IA-Risk Factors" as well as
general economic conditions, trends in interest rates, the ability of our
borrowers to repay their loans, our ability to manage and reduce the level of
our nonperforming assets, and results of regulatory exams, among other
SOURCE Unity Bancorp, Inc.
Contact: News Media & Financial Analyst Contact: Alan J. Bedner, EVP, Chief
Financial Officer, +1-908-713-4308
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