Core Insights - CNB Community Bancorp, Inc. reported a net income of $3.0 million for Q2 2025, reflecting a 2.8% increase from $2.9 million in Q2 2024, driven by higher net interest income and noninterest income, particularly from Wealth Management [1] - Basic earnings per share rose to $1.48 in Q2 2025, up $0.13 from $1.35 in Q2 2024, while net income for the first half of 2025 remained stable at $5.7 million compared to the same period in 2024 [2] - The annualized return on average assets (ROA) decreased to 0.95% in Q2 2025, down from 0.96% in Q2 2024, and the return on average equity (ROE) also declined to 11.71% from 11.98% [3] Financial Performance - Total assets increased by $32.3 million, or 2.6%, to $1.28 billion year-over-year, while net loans rose by $47.8 million, or 4.7%, to $1.06 billion [7] - Total deposits grew by $56.3 million, or 5.4%, to $1.10 billion compared to $1.05 billion a year earlier [7] - Book value per share increased by $5.01, or 10.9%, to $51.15 as of June 30, 2025, compared to $46.14 a year prior [7] Management Commentary - The President and CEO emphasized the company's financial strength in navigating economic challenges, highlighting the ability to gather deposits and lend within communities [4] - The company maintains a solid capital position, allowing for recent dividend increases to shareholders, reinforcing its commitment to providing quality returns [4] Company Overview - CNB Community Bancorp, Inc. is a one-bank holding company established in 2005, with its subsidiary, County National Bank, providing full-service banking since 1934 [6]

Core Viewpoint - Unity Bank is expanding its community banking presence with the opening of a new branch in Madison, NJ, bringing the total number of branches to 22, thereby enhancing its retail banking footprint in New Jersey and Pennsylvania [3][6]. Group 1: Branch Expansion - The new 2,000-square-foot branch features onsite parking, drive-up banking, and a full-service ATM, aimed at providing a seamless and convenient banking experience for customers [4]. - The branch previously operated under another bank and is being updated to meet Unity Bank's high standards for a welcoming environment [4]. Group 2: Leadership and Management - Linda Kemper, Vice President/Area Manager, leads the new branch sales team, bringing extensive experience in community banking and a strong dedication to customer service [5]. Group 3: Financial Performance - Unity Bank manages approximately $2.6 billion in total assets and holds $2.0 billion in deposits, reflecting its commitment to providing exceptional financial services tailored to retail, corporate, and small business customers [7]. Group 4: Company Overview - Unity Bancorp, Inc. (NASDAQ: UNTY) is the parent company of Unity Bank, which operates 22 branches across New Jersey and the Lehigh Valley, Pennsylvania, offering community-focused commercial banking services [8].

Financing and Development - Washington Trust's Commercial Banking Group provided $11 million in financing for the construction and equipment of Track 15, an 18,000 square foot food hall in the former Union Station, Providence, R.I. [1] - Track 15 is designed to honor the station's history and features seven Rhode Island-based restaurateurs offering diverse culinary options [2][3] Community Impact - The food hall aims to create a sense of community by connecting Waterplace Park, the Riverwalk system, and the city's Financial District [3] - Track 15 is positioned as a unique investment in downtown Providence, enhancing the local dining experience [3] Company Background - Washington Trust, founded in 1800, is the oldest community bank in the U.S. and a leading financial services provider in the Northeast [4] - Marsella Development Corporation has been involved in significant redevelopment projects in Providence for over four decades, including the rehabilitation of the Union Station Complex [5]