UNITY BANCORP INC /NJ/
Close on Oct 19, 2026
- Market cap
- $567.98M
- P/E (TTM)
- 9.7
- Dividend yield
- 1.04%
About Unity Bancorp
State Commercial Banks, SIC 6022
Unity Bancorp, Inc. is a bank holding company that owns and supervises Unity Bank, offering community-focused commercial banking services. The institution provides personal and business deposit products, including checking, savings, money market, and time deposit accounts. Its lending portfolio comprises commercial mortgages, residential mortgages, Small Business Administration loans, construction financing, and personal credit lines. In addition, the bank delivers treasury solutions, card services, remote deposit capture, and digital banking platforms. The company caters to individual consumers, small and medium-sized enterprises, professionals, and state and local municipalities.
Headquartered in Clinton, New Jersey, the company conducts operations through twenty-two branch locations. These offices are situated primarily along the Route 22 and Route 78 corridors, spanning eight counties in New Jersey as well as Northampton County in Pennsylvania. The bank also serves clients across the wider New York City metropolitan area through physical locations and online channels. As of December 31, 2025, the company maintains a workforce of 239 full-time and six part-time employees.
Summary of the business section of Unity Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- UNITY BANCORP INC /NJ/
- Headquarters
- Clinton, NJ
- Address
- 64 Old Highway 22 08809
- Phone
- (800) 618-2265
- Website
- unitybank.com
- Employees
- 228, Dec 31, 2024
- Industry
- State Commercial Banks
- Incorporated in
- New Jersey
- Fiscal year ends
- December 31
- Auditor
- Wolf & Company, P.C., Boston, Massachusetts
Stock & identifiers
- Ticker
- UNTY
- Exchange
- Nasdaq
- IPO date
- Jan 14, 1997
- Shares outstanding
- 10M, Jul 31, 2026
- Public float
- $338.66M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 11-for-10, Sep 13, 2016; 3-for-2, Jun 2, 1998
- SEC CIK
- 920427
- CUSIP
- 913290102
- ISIN
- US9132901029
- LEI
- 549300Q90ZRNUR65PL93
- EIN
- 22-3282551
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| George Boyan | President, Director | 25,015 |
| James A. Hughes | CEO, Director | 39,824 |
| James R. Davies | Chief Financial Officer/FSVP | 3,963 |
| Daniel C. Sharabba | Chief Retail Officer/SVP | 4,651 |
| James Joseph Donovan | Chief Lending Officer/FSVP | 4,950 |
| David G. Bove | Chief Information Officer/SVP | 4,625 |
| Vincent Geraci | Director Mortgage Lending/FSVP | 8,250 |
| Minsu Kim | Chief Credit Officer/SVP | 2,751 |
| Mark S. Brody | Director | 259,344 |
| Mary E. Gross | Director | 18,479 |
| Robert H. Dallas Ii | Director | 1,807,808 |
| Peter E. Maricondo | Director | 4,000 |
| Wayne Courtright | Director | 4,000 |
| Aaron Tucker | Director | 4,000 |
| David D. Dallas | Director | 1,780,711 |
| Raj Patel | Director | 4,000 |
| Donald E. Souders Jr. | Director | 8,477 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 James A. Hughes. | $2.70M | $3.10M | $796.02K | $249 | $148 |
| FY2024 James A. Hughes. | $3.30M | $3.97M | $679.59K | $208 | $111 |
| FY2023 James A. Hughes. | $2.36M | $2.50M | $544.75K | $139 | $105 |
| FY2022 James A. Hughes. | $2.21M | $2.32M | $797.72K | $127 | $113 |
| FY2021 James A. Hughes. | $2.37M | $2.73M | $613.29K | $120 | $113 |
| FY2020 James A. Hughes. | $1.46M | $980.79K | $463.87K | $79 | $81 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Mar 17, 2023 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Dec 8, 2022 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 23, 2007 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Nov 17, 2003 | Late filing | Notification of late filing |
| May 23, 2001 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Aug 17, 1999 | Late filing | Notification of late filing |
| Jun 5, 1997 | Listing | Registration of securities on an exchange (Form 8-A) |
| Nov 7, 1996 | Listing | Registration of securities on an exchange (Form 8-A) |