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UNTY > SEC Filings for UNTY > Form 8-K on 1-Jul-2013All Recent SEC Filings

Show all filings for UNITY BANCORP INC /NJ/



Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

On July 1, 2013, Unity Bancorp, Inc., parent company of Unity Bank, announced that it has received approval of its application from the U.S. Department of Treasury (the "Treasury") to redeem the remaining 10,325 shares of preferred stock issued in connection with the Company's participation in the Treasury's Capital Purchase Program ("CPP"). On July 3, 2013, the Company will pay $10.4 million to the Treasury to repurchase the shares of the preferred stock, including accrued and unpaid dividends for the shares. The redemption of these shares is not subject to additional conditions or stipulations from the U.S. Treasury, including any requirement that the Company raise additional capital. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit 99.1 Press Release dated July 1, 2013

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