Center Bancorp, Inc. Announces New Commercial Lending Team
UNION, N.J., Aug. 20, 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 hiring of a commercial
lending team, Linda Parish, and Martin Whalen, who will assist Center in
expanding its commercial & industrial loan portfolio.
"We are thrilled to welcome these successful professionals to our banking team
that will be able to hit the ground running, and complement our existing
management team," said Anthony C. Weagley, President & CEO. "We have
confidence that collectively, they will put us in a position to successfully
grow the market in all aspects of business development."
Linda Parish has been in banking for over 25 years starting out at Goldman
Sachs AG, and with large money center banks such as JPMorgan Chase Bank and
Bank of America, where she was a vice president and commercial banker
specializing in middle market banking and commercial growth. Most recently she
held the position of Senior Member and Director of Commercial Landmarks, LLC
in Long Branch, NJ. At Commercial Landmarks, Ms. Parish specialized in
consulting and negotiating financing for clients needing debt and/or equity.
Linda Parish is a graduate of the University of Notre Dame, and of the
University of Zurich, Switzerland. She also holds a NJ Real Estate License.
Linda is active in her community volunteeringwith various nonprofits. Linda
resides in Fair Haven, NJ.
Martin Whalen's career span encompasses over 26 years in banking and
commercial real estate financing including at CB Richard Ellis, Lehman
Brothers, and Morgan Stanley. Mr. Whalen lead project finance initiatives for
both proprietary and advisory clients for real estate investment and
development firms at Brookstone Realty Advisors, and was vice president for
real estate finance and securitization at Credit Suisse, USA in New York.
Martin Whalen, MAI, was educated at the Berklee College of Music, Boston, and
at New York University's continuing education programs in Finance where he was
an Assistant Adjunct Professor in Real Estate Valuation. He holds a NJ Real
Estate License and State Appraisal Certifications for New Jersey, New York and
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, 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 16 banking locations in Bergen, Mercer,Morris and
Union Counties in New Jersey. Banking centers are located in Union Township (5
locations), Berkeley Heights, Boonton/Mountain Lakes,Englewood, Madison,
Millburn/Vauxhall, Morristown, Oakland, Princeton, Saddle River, Springfield,
and Summit, New Jersey. The Bank's primary market area is comprised of central
and northern New Jersey.
CONTACT: Investor Inquiries:
Joseph D. Gangemi
Senior VP, Investor Relations
France Delle Donne
Senior VP, Director of
Communications & PR
Center Bancorp, Inc. Logo
Press spacebar to pause and continue. Press esc to stop.