Skip to main content

Unity Bancorp Announces New Chief Financial Officer

CLINTON, N.J., May 05, 2020 (GLOBE NEWSWIRE) — Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced today that industry veteran Anthony L. Cossetti will be joining the Company as Executive Vice President and Chief Financial Officer, effective June 8, 2020.  Mr. Cossetti has extensive experience in finance, accounting and reporting, budgeting, liquidity and capital management, strategic planning and interest rate risk management.
“I am thrilled to welcome Tony to our Executive team,” said James A. Hughes, President and CEO. “His vast experience will provide tremendous value and add to the success of Unity Bank.  I am looking forward to working with him.”Mr. Cossetti has over 25 years of finance and accounting experience, most recently at Beneficial Bancorp, Philadelphia, PA, as Senior Vice President and Corporate Treasurer.  While there, Mr. Cossetti directed areas such as mergers and acquisitions, asset and liability management, investments, borrowings and hedging decisions.  He has a Bachelor of Science degree in Accounting from La Salle University and is a Certified Public Accountant in the state of Pennsylvania.“I am extremely excited to be joining an organization that takes such great pride in serving its local communities and customers,” said Mr. Cossetti.  “I look forward to working with Jim and the team towards achieving continued success and fulfilling Unity Bank’s mission.”Mr. Cossetti currently serves as a Finance Committee Member for the National Board of Osteopathic Medical Examiners, where he was previously an Audit Committee member.  He also served as an Advisory Board Member to the Federal Home Loan Bank of Pittsburgh. Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with approximately $1.7 billion in assets and $1.4 billion in deposits.  Unity Bank provides financial services to retail, corporate and small business customers through its 19 retail service centers located in Bergen, Hunterdon, Middlesex, Somerset, Union and Warren Counties in New Jersey and Northampton County, Pennsylvania.  For additional information about Unity, visit our website at www.unitybank.com , or call 800-618-BANK.This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance.  These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions.  These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the company’s control and could impede its ability to achieve these goals.  These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” ,as updated by our subsequent filings with the Securities and Exchange Commission, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, the impact of the COVID-19 pandemic on our operations and those of our customers and results of regulatory exams, among other factors.    

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.