UNTY - Unity Bancorp approves new share repurchase program

2023-04-27 17:56:54 ET

• Unity Bancorp ( NASDAQ: UNTY ) on Thursday said it had approved a new share buyback of up to 500K shares.
• UNTY, which is the parent company of Unity Bank, said the timing of the buyback and the amount of share purchases will depend on a number of factors.
• "While this repurchase plan was recently approved and is a testament to our strong capital base, we will proceed cautiously with regards to capital management as economic conditions continue to unfold,” UNTY CEO James Hughes said in a statement .
• Unity Bancorp ( UNTY ) separately declared a quarterly dividend of $0.12/share.

For further details see: