SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
__________________________________
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
February
8, 2010
Date of
Report (Date of earliest event reported)
__________________________________
UNITY
BANCORP, INC.
(Exact
Name of Registrant as Specified in its Charter)
New
Jersey
(State or
Other Jurisdiction of Incorporation)
1-12431
(Commission
File Number)
22-3282551
(IRS Employer
Identification No.)
64 Old
Highway 22
Clinton, NJ
08809
(Address
of Principal Executive Office)
(908)
730-7630
(Registrant's
Telephone Number, Including Area Code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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| o |
Soliciting
material pursuant to Rule 14a12 under the Exchange Act (17 CFR
240.14a-12)
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| o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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Clinton,
NJ – Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced
today the appointment of Mr. Ray Kenwell, as Executive Vice President and Chief
Lending Officer. In this role Mr. Kenwell will now assume
responsibility for both commercial and SBA lending. Mr. Kenwell has over 37
years experience in the financial services industry, including positions of
President and Chief Operating Officer of Universal Interlock Corporation,
Executive Vice President and Division Head of Lending at United Trust Bank and
Vice President of the Special Assets Group at National Westminster
Bank. Mr. Kenwell has also served in several lending capacities at
Heritage Bank and Somerset Trust Company.
Mr. David
Hensley, who was previously the Company’s Acting Chief Lending Officer, will
remain with the Company. Mr. Hensley primary responsibility will be
the ongoing maintenance and monitoring of our existing loan portfolio.
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Name
and Position
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Age
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Principal
Occupation for the Past Five Years
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Since
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Term
Expires
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||||
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Ray
Kenwell
Executive
Vice President and Chief Lending Officer
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58
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President
and Chief Operating Officer, Universal Interlock Corporation; Executive
Vice president, Division Head of Lending of United Trust
Bank.
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2010
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N/A(1)
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(1) Under
New Jersey law, officers serve at the pleasure of the Board of Directors, and do
not have set terms.
There are
no arrangements or understandings between Mr. Kenwell and any other persons
pursuant to which Mr. Kenwell was selected as Chief Lending Officer. Mr. Kenwell
has no family relationship with any other director or executive officer of the
Registrant, nor with any person nominated or chosen to serve as a director or
executive officer of the Registrant.
There are
no “related party transactions” between Mr. Kenwell and the Company or the Bank
which require disclosure.
There are
no material plans, contracts or other arrangements (or amendments thereto) to
which Mr. Kenwell is a party, or in which he participates, that was entered into
or amended, in connection with Mr. Kenwell being appointed as Executive Vice
President and Chief Lending Officer.
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Exhibit
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Description
of Exhibit
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| 99.1 | Press release issued by the Registrant on February 8, 2010 |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned hereunto
duly authorized.
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UNITY
BANCORP, INC.
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Date: February 8,
2010
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By:
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/s/ Alan J. Bedner, Jr. |
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| Alan
J. Bedner, Jr.
EVP
and Chief Financial Officer
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