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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 14, 1998
UNITY BANCORP, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-12431 22-3282551
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
64 OLD HIGHWAY 22, CLINTON, NEW JERSEY 08809
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (908) 730-7630
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ITEM 5. OTHER.
The Registrant issued a press release announcing a quarterly cash dividend
of $.05 per share payable November 13, 1998, to shareholders of record as of
October 30, 1998. The details announced in the press release are incorporated by
reference as if set forth at length herein.
ITEM 7. EXHIBITS.
The following exhibit is filed with this Current Report on Form 8-K.
Exhibit No. Description
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99 Press Release announcing quarterly cash dividend.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Unity
Bancorp, Inc. has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
UNITY BANCORP, INC.
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(Registrant)
Dated: October 14, 1998 By: /s/ KEVIN KILLIAN
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Kevin Killian
Chief Financial Officer
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EXHIBIT INDEX
CURRENT REPORT ON FORM 8-K
Exhibit No. Description Page No.
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99 Press Release announcing quarterly cash dividend. 5
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EXHIBIT 99
PRESS RELEASE
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UNITY BANCORP ANNOUNCES
QUARTERLY CASH DIVIDEND
CLINTON, NEW JERSEY -- Unity Bancorp, Inc. (Common Stock: NASDAQ National
Market "UNTY"; Warrants, AMEX:UBI.WS) announced today that its board of
directors had declared a regular cash dividend of $.05 per share payable
November 13, 1998 to shareholders of record as of October 30, 1998. This
dividend will mark the 16th consecutive quarter in which the Company has paid a
cash dividend, and follows the Company's 3-for-2 stock split declared in July,
1998.
Mr. Robert Van Volkenburgh, Chairman of the Board of Unity Bancorp, stated
"This dividend reflects the Board's view both of the Company's performance to
date and its future prospects. We believe our recently announced acquisition of
ten (10 ) new branch locations will provide us with unmatched opportunities to
continue to grow our franchise and bring our unique brand of banking into new
market places."
Unity Bancorp, Inc. is the holding company for First Community Bank, a
community orientated, full service commercial bank providing a wide range of
business and consumer financial services through its main office in Clinton, New
Jersey and its six (6) branch office locations in Flemington, North Plainfield,
Springfield, Scotch Plains, Union and Linden, New Jersey. The Bank anticipates
opening ten (10) new branch locations in Cranford, Kenilworth, Berkeley Heights,
Springfield, New Brunswick, North Brunswick, South Plainfield, Edison, Colonia
and Whitehouse Station, New Jersey over the first half of 1999.
For additional information about the Bank's financial services,
call 1-800-618-BANK, or visit the Bank's internet page at
http://www.firstcommunitybanknj.com. E-mail may be addressed to the Bank at
[email protected].
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