Center Bancorp, Inc.'s Union Center National Bank Celebrates 90 Year
Anniversary by Ringing the NASDAQ Closing Bell
UNION, N.J., June 14, 2013 (GLOBE NEWSWIRE) -- Center Bancorp, Inc.
(Nasdaq:CNBC) (the "Corporation", or "Center"), parent company of Union Center
National Bank ("UCNB" or the "Bank"), announces that its President & Chief
Executive Officer Anthony C. Weagley will ring the closing bell at NASDAQ
today in celebration of the Bank's 90^th anniversary milestone.
"I am thrilled to be joined by our Bank directors, shareholders, clients and
team members in marking this Anniversary milestone with the closing bell at
NASDAQ," said Anthony C. Weagley. "We believe that significant opportunities
for franchise expansion into the New Jersey marketplace exists for Center,"
Mr. Weagley added, "and that we continue to have in place a flexible working
strategic plan to generate superior value to shareholders."
Following recent announcements of top corporate earnings, increased quarterly
dividend, and recognitions received placing Center on SNL Financial's annual
ranking of 2012's 100 Top-Performing Community Banks of 2012 with $500M to $5B
in assets in the country, among others, the Bank will also be opening its
16^th banking location and Private Banking & Loan Production Center in
Princeton, NJ, the week of June 17, 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,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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