Unity Bancorp (UNTY) Reports Q2 EPS of $0.28
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Unity Bancorp Reports Quarterly Net Income Increased 59% and Six Month Net Income Increased 55%
July 20, 2015 11:00 AM EDTCLINTON, N.J., July 20, 2015 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported increased second quarter and year-to-date earnings. Major contributing factors included strong loan growth, increased deposits and improved credit quality. Both commercial and consumer lending were up; with over ten percent growth in residential mortgages year-to-date.Â
"Our growth is a reflection of our investment in our communities and employees," reported James A. Hughes, President and CEO. "Our customers tell us what they need, and we deliver. When our communities grow, we grow.  It's a win-win."
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