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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 16, 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 announced that, effective September 21, 1998, its common
stock, no par value per share, would commence trading on the NASDAQ National
Market under the symbol "UNTY". Currently, the Common Stock trades on the
American Stock Exchange under the symbol "UBI". The Registrant's common stock
purchase warrants will continue to trade on the American Stock Exchange under
the symbol "UBI.WS".
Item 7. Exhibits.
The following exhibits are filed with this Current Report on Form 8-K.
Exhibit No. Description
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99(a) Press Release dated September 16, 1998
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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: September 16, 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(a) Press Release dated September 16, 1998 5
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EXHIBIT 99(A)
UNITY BANCORP ANNOUNCES SWITCH TO
THE NASDAQ NATIONAL MARKET
CLINTON, NEW JERSEY -- Unity Bancorp, Inc. (AMEX:UBI and UBI.WS) announced
today that it had received approval for its common stock to commence trading on
the NASDAQ National Market under the symbol "UNTY". The Common Stock, which
currently trades on the American Stock Exchange under the symbol "UBI", will
begin trading on the NASDAQ National Market on September 21, 1998. The Company's
common stock purchase warrants, which currently trade on the American Stock
Exchange under the symbol UBI.WS, will continue to trade on the American Stock
Exchange until their expiration date on December 15, 1998.
Mr. Robert J. Van Volkenburgh, Chairman of the Board and Chief Executive
Officer of Unity, stated: "We are excited about the change in the Company's
trading market to the NASDAQ National Market. This change marks yet another step
in our Board's continuing efforts to grow our Company and enhance our franchise
value. Last month, we announced a major expansion of our branch network with the
execution of long-term leases for 10 new sites. This expansion will extend the
Company's market into Middlesex County, New Jersey. We believe that our shift to
the NASDAQ will provide additional growth opportunities for our stock."
Unity Bancorp, Inc. is a holding company for First Community Bank. First
Community Bank is 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 locations in Flemington, North
Plainfield, Springfield, Scotch Plains, Union and Linden, New Jersey. As of June
30, 1998, the Company had total assets of $230.2 million, total loans, net of
$138.1 million and total deposits of $207.8 million. For the six (6) months
ended June 30, 1998, the Company had net income of $959,000 or $0.30 diluted
earnings per share.
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