CLINTON, N.J., Aug. 05, 2022 (GLOBE NEWSWIRE) – – Unity Bancorp, Inc. (Nasdaq: UNTY), parent organization of Unity Bank, has been chosen interestingly for the public Top 25 Banks positioning distributed by Bank Director magazine. Solidarity was number 21 on the positioning of the biggest 300 public banks and number 9 broadly for banks in the $1 billion to $5 billion resource classification.
Distributed yearly beginning around 2017, the rundown depends on the earlier year’s presentation and distinguishes the best U.S. banks in the space of equilibrium development and benefit, long haul investor esteem and accomplishing objectives in a free from any potential harm way. The rankings assess benefit, capital ampleness, resource quality and complete investor return. The speculation bank Piper Sandler assembles the rundown utilizing information from S&P Global Market Intelligence.
“We are respected to be perceived on this esteemed public positioning since it is a recognition for our workers and clients,” said Unity Bank President and CEO James A. Hughes. “This honor follows Unity’s new determination as an individual from the U.S. little cap Russell 2000® Index, further exhibiting the bank’s proceeded areas of strength for with execution. Solidarity keeps on areas of strength for gathering speed for our partners in general and we anticipate an exceptionally effective last part of 2022.”
Solidarity’s most memorable appearance on Top 25 Banks was featured by its benefit execution. The bank positioned eleventh broadly for Return on Equity (ROE) and nineteenth for Return on Assets (ROA). If it’s not too much trouble, see the new issue of Bank Director, for complete subtleties. Solidarity keeps up with roughly $2.1 billion in resources and $1.7 billion in stores.
Bank Director magazine, along with its connected meeting and preparing organizations, has for over 30 years been the country’s driving supplier of schooling, preparing, and counseling administrations for the board individuals from American monetary foundations. Bank Director magazine perusers and clients incorporate north of 4,900 of the country’s banks and 20,000 individuals from their sheets of chiefs.
About Bank Director
Bank Director arrives at the heads of the foundations that involve America’s financial industry. Beginning around 1991, Bank Director has given board-level exploration, peer-bits of knowledge and top to bottom leader and board administrations. Worked for banks, Bank Director stretches out into and past the meeting room by giving convenient and significant data through Bank Director magazine, board preparing administrations and the monetary business’ head occasion, Acquire or Be Acquired. For more data, if it’s not too much trouble, visit BankDirector.com.
About Unity Bancorp, Inc.
Solidarity Bancorp, Inc. (Nasdaq: UNTY), the parent organization of Unity Bank, its essential and completely claimed auxiliary, is a monetary administrations association settled in Clinton, New Jersey. Solidarity Bank offers monetary types of assistance to organizations and purchasers at 19 branches all through New Jersey and the Lehigh Valley, Pennsylvania. Solidarity Bank gives local area arranged business banking administrations, including store accounts, advances, on the web and portable administrations. For more data, kindly visit unitybank.com or call 800-618-BANK (800-618-2265).