Unity Bank Ranked 13th Nationally and 5th in ROA Among Banks Under $5 Billion
22 Agosto 2024 - 11:43AM
Unity Bancorp, Inc. (NASDAQ: UNTY), Unity Bank's parent company,
has once again been recognized in the prestigious Top 25 Banks
ranking by Bank Director magazine. Unity Bank is listed as the 13th
best publicly traded bank in the nation and is 5th in Return on
Assets (ROA) among banks with less than $5 billion in assets.
This year's rankings reflect Unity Bank's continued progress,
improving from its 2022 position of 21st overall. Unity Bank's
total assets have increased to approximately $2.6 billion, with
deposits reaching $2.0 billion.
The Top 25 Banks list, published annually since 2017, assesses
banks based on their performance over the prior year, evaluating
criteria such as balance growth, profitability, asset quality,
long-term shareholder value, and safety. The rankings consider
profitability, capital adequacy, asset quality, and total
shareholder return, with data compiled by the investment bank Piper
Sandler and sourced from S&P Global Market Intelligence.
James A. Hughes, President & CEO of Unity Bank, commented,
“We are pleased to once again be featured on this esteemed national
list. Our commitment to growth through new branch openings,
expanding service areas, and fostering employee development
continues to drive our success. The support from our customers,
employees, and directors is evident in these rankings.”
Unity Bank’s ranking also highlights its strong profitability
performance, with the bank placing 5th nationally for Return on
Assets (ROA) in its asset category. For details on the Top 25 Banks
list, refer to Bank Director magazine.
About Bank Director
Bank Director connects with the leaders of America’s banking
industry. Since 1991, it has provided valuable research, peer
insights, and executive services tailored for banking institutions.
Bank Director offers timely information through its magazine, board
training services, and the Acquire or Be Acquired conference. For
more information, visit BankDirector.com.
About Unity Bancorp, Inc.
Unity Bancorp, Inc. (NASDAQ: UNTY) is the parent company of
Unity Bank, a financial services organization based in Clinton, New
Jersey. Unity Bank operates 21 branches across New Jersey and the
Lehigh Valley, Pennsylvania, offering community-focused commercial
banking services, including deposit accounts, loans, and digital
services. For details, visit unitybank.com 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, visit
FDIC.gov.
Contact:Crystal RoseMarketing Director(908)
713-4310Crystal.Rose@unitybank.com
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