{"id":116811,"date":"2023-03-18T10:54:35","date_gmt":"2023-03-18T14:54:35","guid":{"rendered":"https:\/\/www.thevalleyledger.com\/?p=116811"},"modified":"2023-03-18T10:54:35","modified_gmt":"2023-03-18T14:54:35","slug":"unity-bank-earns-top-5-star-rating-from-nations-premier-bank-rating-firm","status":"publish","type":"post","link":"https:\/\/www.thevalleyledger.com\/?p=116811","title":{"rendered":"Unity Bank Earns Top, 5-Star Rating from Nation\u2019s Premier Bank Rating Firm"},"content":{"rendered":"

BauerFinancial Rating Confirms Unity Bank\u2019s Strength in Available Capital, Profitability and Asset Quality<\/strong><\/p>\n

(March 17, 2023) \u2013 Unity Bank<\/a> has earned the Top (5-Star) Rating for financial strength and stability from BauerFinancial, Inc.<\/a>, the nation\u2019s premier bank rating firm. BauerFinancial rates every federally-insured U.S. chartered bank with the same strict standards, and is pleased to report that Unity Bank continues to outperform its peers.<\/p>\n

\u201cThe 5-Star Rating by BauerFinancial indicates that Unity Bank excels in many different areas, including available capital, profitability and asset quality,\u201d said Unity Bank President & CEO James A. Hughes. \u201cThe rating places Unity Bank in the top tier of financial institutions in the United States. We are honored by the ranking and are committed to providing the highest level of service.\u201d<\/p>\n

Established in 1991, Unity Bank has been a dedicated banking partner for the community for 32 years. Making connections and supporting this community has been its hallmark since its inception. Being rated 5-Stars by Bauer, the best, most trusted and most convenient place to go for a validated, statistical review of your bank\u2019s financial strength, is the fruit of its labor.<\/p>\n

Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. Since 1983, BauerFinancial has relied upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings). BauerFinancial, Inc. is not a financial advisor; it is an independent bank research firm. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com<\/a>.<\/p>\n

Unity\u2019s Board of Directors recently declared a cash dividend of $0.12 per common share. Such dividend is payable on March 24, 2023, to shareholders of record as of March 10, 2023. This represents an 9% increase from the $0.11 dividend per common share paid in the prior quarter, and a 20% increase from the $0.10 dividend per common share paid in March 2022.<\/p>\n

About Unity Bancorp, Inc.<\/strong><\/p>\n

Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, its primary and wholly owned subsidiary, is a financial services organization headquartered in Clinton, New Jersey. Unity Bank provides financial services to businesses and consumers\u00a0at 20 branches throughout New Jersey and the Lehigh Valley, Pennsylvania. Unity Bank provides community-oriented commercial banking services, including deposit accounts, loans, online and mobile services.\u00a0For more information, please visit unitybank.com<\/a> or call 800-618-BANK (800-618-2265). Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC). To learn about FDIC insurance for deposits with member banks, please visit FDIC.gov<\/a>.<\/p>\n

Information provided to TVL by:
\nFred Feiner
\nYankee Public Relations<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

BauerFinancial Rating Confirms Unity Bank\u2019s Strength in Available Capital, Profitability and Asset Quality (March 17, 2023) \u2013 Unity Bank has earned the Top (5-Star) Rating for financial strength and stability … Continue reading Unity Bank Earns Top, 5-Star Rating from Nation\u2019s Premier Bank Rating Firm<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":116812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[69,482],"tags":[],"class_list":["post-116811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-valley","category-press-release-2"],"jetpack_publicize_connections":[],"acf":[],"jetpack_featured_media_url":"https:\/\/www.thevalleyledger.com\/wp-content\/uploads\/2023\/03\/unity-bank-rating.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/116811"}],"collection":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116811"}],"version-history":[{"count":0,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/116811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/media\/116812"}],"wp:attachment":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}