Tranche Update on Unity Bancorp, Inc.'s Equity Buyback Plan announced on February 4, 2021.
July 14, 2023 at 10:28 am EDT
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From April 1, 2023 to June 30, 2023, the company has repurchased 225,000 shares, representing 2.19% for $5.13 million. With this, the company has completed the repurchase of 742,805 shares, representing 7.1% for $17.17 million under the buyback announced on February 4, 2021.
Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The primary activity of the Company is ownership and supervision of the Bank. The Bank, the Companyâs wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. The Bank conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, savings accounts, credit cards, debit cards, wire transfers, safe deposit boxes, access to automated teller services and Internet and mobile banking, typical of a community banking business. The Bank also offers retirement accounts, automated clearing house (ACH) origination and remote deposit capture (RDC).
UNITY BANCORP, INC. 
