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Unity Bank Recognized Again on Hovde Group's High-Performer List
GlobeNewswire News Roomยท 2025-04-22 16:11
Core Insights - Unity Bank has been recognized as one of the top-performing small banks in the United States by the Hovde Group, marking the third consecutive inclusion in the annual high-performer list, indicating sustained excellence in financial management and customer service [1][3] Group 1: Performance Recognition - The Hovde Group's 2025 report evaluates small banks with market capitalizations between $100 million and $1.5 billion, ranking them based on key financial metrics such as pre-tax pre-provision net revenue, efficiency ratios, loan and deposit growth, tangible book value growth, and employee productivity [2] - Unity Bank's recognition reflects the consistent strength of its strategy, employee dedication, and customer trust, reinforcing a focus on long-term, responsible growth [3] Group 2: Company Overview - Unity Bancorp, Inc. (NASDAQ: UNTY) is the parent company of Unity Bank, which operates 21 branches across New Jersey and the Lehigh Valley, Pennsylvania, providing community-focused commercial banking services including deposit accounts, loans, and digital services [5]