Center Bancorp Announces Hire for New General Counsel and Senior Management
UNION, N.J., April 29, 2013 (GLOBE NEWSWIRE) -- Center Bancorp, Inc.
(Nasdaq:CNBC) (the "Corporation", or "Center"), parent company of Union Center
National Bank ("UCNB" or the "Bank"), announced the appointment of Rona E.
Korman as Senior Vice President and General Counsel of the Bank. Ms. Korman
will hold the same title and position for the Center Bancorp holding company.
The general counsel title is a new position for Center and the Bank. In her
new role Korman will be responsible for Center's legal department and will
also join the Bank's senior management committee. Rona E. Korman, of West
Orange, NJ, is the former General Counsel of Big M, Inc.; a position she held
for 20 years.
At Big M, Inc. Ms Korman directed all legal affairs including real estate,
corporate, employment, consumer affairs, anti-trust, insurance, construction,
advertising, trademark, customs, e-commerce, and litigation. Prior to Big M,
Ms. Korman was at the firm of Cole, Schotz, Bernstein, Meisel & Forman, PC
where she worked with clients in the retail, commercial, and industrial real
estate, zoning and land use, and financial sectors. Rona Korman graduated Cum
Laude from Moravian College where she earned a Bachelor of Arts degree and
earned a J.D. from Rutgers University, School of Law. She is admitted to the
New Jersey Bar.
"We are thrilled to have Rona Korman join the UCNB team," said Anthony C.
Weagley, President & Chief Executive Officer. "Rona's strong legal and
business background and reputation will be of tremendous asset to our
organization," added Mr. Weagley.
Ms. Korman is replacing UCNB lending department Vice President and Counsel
Sheldon Jaffe who has served in this capacity since 2008. "We are thankful for
Shelly's tenure with the Bank and wish him every success in his future
endeavors," said Anthony C. Weagley.
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,Englewood, Madison,
Millburn/Vauxhall, Morristown, Oakland, Saddle River, Springfield, and Summit,
New Jersey. Center received approval from the Office of the Comptroller of the
Currency to open a Private Banking and Loan Production Office in Princeton,
NJ. The Bank's primary market area is comprised of central and northern New
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
CONTACT: Investor Inquiries:
Senior Vice President
France Delle Donne
Senior Vice President
Communications & PR
Center Bancorp, Inc. Logo
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