SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
October 28, 2008
Date of Report (Date of earliest event reported)
_____________________________________
UNITY BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
New Jersey
(State or Other Jurisdiction of Incorporation)
1-12431
(Commission File Number)
22-3282551
(IRS Employer Identification No.)
64 Old Highway 22
Clinton, NJ 08809
(Address of Principal Executive Office)
(908) 730-7630
(Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.02 | | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d)
| (1) | On October 23, 2008, acting pursuant to an affirmative vote at a meeting of the Board of Directors of Unity Bancorp, Inc. (the “Company”), Mr. Raj Patel was appointed to serve as a director of the Company. Mr. Patel is the President and CEO of Raja Group; President and CEO of Millenium Hospitality; Founder and Board Member of Rainbow Investment Group; and Founder of Rainbow Distribution Group. |
| (2) | There are no arrangements or understandings between Mr. Patel and any other persons pursuant to which Mr. Patel was selected as a director. |
| (3) | Mr. Patel has not been appointed to any committees of the Board of Directors and is not expected to be named to any such committees; provided, however, that Mr. Patel will continue to serve upon certain committees of our wholly-owned subsidiary, Unity Bank. |
| (4) | There are no “related party transactions” between Mr. Patel and the Bank which require disclosure. |
| (5) | There are no material plans, contracts or other arrangements (or amendments thereto) to which Mr. Patel is a party, or in which he participates, that was entered into or amended, in connection with Mr. Patel being appointed as a director of the Company. However, Mr. Patel shall continue to be eligible for compensatory arrangements with the Company’s wholly-owned subsidiary Unity Bank, for services rendered both in the past, present and the future. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | UNITY BANCORP, INC. |
| Date: October 28, 2008 | | By: | | /s/Alan J. Bedner, Jr. . Alan J. Bedner, Jr. EVP and Chief Financial Officer |
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