{"id":125037,"date":"2023-11-15T22:20:56","date_gmt":"2023-11-16T03:20:56","guid":{"rendered":"https:\/\/www.thevalleyledger.com\/?p=125037"},"modified":"2023-11-15T22:20:56","modified_gmt":"2023-11-16T03:20:56","slug":"unity-bank-named-to-piper-sandler-sm-all-stars-class-of-2023","status":"publish","type":"post","link":"https:\/\/www.thevalleyledger.com\/?p=125037","title":{"rendered":"Unity Bank Named to Piper Sandler Sm-All Stars Class of 2023"},"content":{"rendered":"

\u00a0November 15, 2023 \u2013\u00a0Unity Bancorp, Inc. (Nasdaq: UNTY), the parent company of\u00a0Unity Bank<\/a>, has been named to the prestigious Piper Sandler Sm-All Stars Class of 2023. Unity was one of only 31 publicly traded banks and thrifts to be recognized by the global investment banking firm on its annual list of top performing U.S. small-cap banks and thrifts.<\/p>\n

\u201cWe hope to uncover the next crop of stellar mid-cap banks before they are discovered by the rest of the world,\u201d Piper Sandler\u00a0 (NYSE: PIPR) announced. \u201cWhile other factors, such as valuation and risk, should be used in making investment decisions, we believe that the Sm-All Stars approach represents a valid starting point in identifying high quality small-cap companies.\u201d<\/p>\n

The investment banking firm evaluated approximately 350 publicly-traded banks and thrifts across the country. To earn Sm-All Star status, companies were required to have a market cap below $2.5 billion as of September 15, 2023, while out-performing the asset category in four metrics\u2014growth, profitability, credit quality, and capital strength.<\/p>\n

\u201cWe are honored to be named a Piper Sandler Sm-All Star because the designation illustrates the continuing financial strength of the bank,\u201d said Unity Bank President & CEO James A. Hughes. \u201cUnity Bank is a conservatively managed, well-funded community bank that is ideally positioned to continue to serve business owners and individuals in our market footprint. The future is bright as well because we are investing in the bank\u2019s growth by opening new branches, expanding our service area and delivering shareholder value while providing opportunities for employees to advance their careers.\u201d<\/p>\n

Piper Sandler evaluated companies based on seven financial variables, including growth trends in earnings per share (EPS), loans, and deposits, and average return on equity (ROAE); ratio of nonperforming assets to loans and other real estate owned; ratio of net charge offs to average loans; and ratio of tangible common equity to tangible assets.<\/p>\n

For more information, please visit\u00a0pipersandler.com<\/a>.<\/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 21 branches throughout New Jersey and Lehigh Valley, Pennsylvania. Unity Bank provides community-oriented commercial banking services, including deposit accounts, loans, online and mobile services.\u00a0For more information, please visit\u00a0unitybank.com<\/a>\u00a0or 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\u00a0FDIC.gov<\/a>.<\/p>\n

 <\/p>\n

Information provided to TVL by:
\nFred Feiner
\nYankee Public Relations
\nhttps:\/\/www.yankeepr.com\/<\/p>\n

\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0November 15, 2023 \u2013\u00a0Unity Bancorp, Inc. (Nasdaq: UNTY), the parent company of\u00a0Unity Bank, has been named to the prestigious Piper Sandler Sm-All Stars Class of 2023. Unity was one of … Continue reading Unity Bank Named to Piper Sandler Sm-All Stars Class of 2023<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":118289,"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-125037","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\/05\/Unity-Bank.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/125037"}],"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=125037"}],"version-history":[{"count":0,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/125037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/media\/118289"}],"wp:attachment":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}