UNITY BANCORP, INC. (NASDAQ:UNTY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Registrant is currently party to those certain Retention Agreements (the "Agreements") with Messrs. Alan J. Bedner and John J. Kauchak and Ms. Janice Bolomey (See the Registrant's Current Report on Form 8-K filed September 19, 2014.) Each of the Agreements expires on September 18, 2017. The Registrant and each of Messrs. Bedner and Kauchak and Ms. Bolomey have agreed to temporarily extend the expiration of each of the Agreements until the parties have negotiated (i) a long term extension of each Agreement, or (ii) replacement agreements.
About UNITY BANCORP, INC. (NASDAQ:UNTY)
Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The Company’s primary business is ownership and supervision of the Bank. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, such as personal and business checking accounts, time deposits, money market accounts and regular savings accounts. It engages in lending activities and offers commercial, small business administration, consumer, mortgage, home equity and personal loans. The Bank is a full-service commercial bank, that provides business and consumer financial services through its office in Clinton, New Jersey and over 14 New Jersey branches located in Clinton, Edison, Flemington, Highland Park, Linden, Middlesex, North Plainfield, Phillipsburg, Scotch Plains, Somerset, South Plainfield, Union, Washington and Whitehouse. The Bank has over one Pennsylvania branch located in Forks Township.