Center Bancorp (CNBC) Increases Stock Buyback Plan by 5%
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Center Bancorp, Inc. (Nasdaq: CNBC) approved an increase in its current share buyback program to an additional 5% of outstanding shares, enhancing its current authorization by 649,712 shares. Any purchases by the Corporation may be made, from time to time, in the open market, in privately negotiated transactions or otherwise.
In a separate announcement, the Corporation also announced the appointment of Ronald M. Shapiro as Senior Vice President and Senior Lending Officer of Union Center National Bank and Vice President of Center Bancorp, Inc. following the resignation of Christopher Gorey from that position effective immediately.
Center Bancorp, Inc. is a one-bank holding company of The Union Center National Bank (the Bank) its principal subsidiary. [SM]
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