团结银行 UNTY

Throughout his 26-year career with Unity Bank and Unity Bancorp Inc., Jim Hughes played a pivotal role in transforming the organization into one of the nation's premier community banking institutions, achieving significant growth, enhanced shareholder value, and an expanded presence across New Jersey and Pennsylvania. Under his leadership, Unity remained committed to its relationship-driven banking model while delivering sustained growth, strong financial performance, and long-term value creation for shareholders, strengthening its commercial and retail banking capabilities and fostering a culture centered on customer service, integrity, accountability, and community involvement. Among the many accomplishments achieved during Mr. Hughes' tenure: total assets grew from approximately $356.0 million to $3.2 billion; shareholder value increased through disciplined capital management and consistent earnings performance; Unity's footprint expanded to 22 branch locations across New Jersey and Pennsylvania; book value per share increased over 8.5x since his start date; compounded annualized shareholder returns of approximately 17.0% were delivered during his leadership tenure; the Company's market capitalization grew from approximately $7.4 million to more than $575 million; and Unity's position as a leading community banking franchise was strengthened, known for exceptional customer service, local decision-making, and strong asset quality. Mr. Hughes has a Bachelor's of Science in Accounting from Mount St. Mary's College, a Master's of Business Administration from Seton Hall University, and is a Certified Public Accountant. James A. Hughes, Chief Executive Officer of the Company and Unity Bank, a wholly-owned subsidiary of the Company (the Bank), has informed the Board of Directors (the Board) of his intention to retire from his executive positions effective March 31, 2027. Mr. Hughes will continue to serve as a member of the Board of Directors of the Company and the Bank following his retirement from executive service.

Mr. George Boyan will be promoted to President of the company and bank, effective January 1, 2026. Mr. Boyan currently serves as Executive Vice President and Chief Financial Officer. In addition to his new role as President, Mr. Boyan will be appointed to the Boards of Directors of both Unity Bancorp, Inc. and Unity Bank, also effective January 1, 2026. Mr. George Boyan, Previously, Mr. Boyan had served as First Senior Vice President, Treasurer & Controller with Bank Leumi USA since January 2014. He also served as President of Leumi Investment Services since October 2018. Mr. Boyan is a Certified Public Accountant, a Chartered Financial Analyst, holds a JD from Rutgers Law, and has a Bachelor of Science in Finance and Political Science, as well as a Master of Accountancy from Rutgers. President George Boyan will succeed Mr. Hughes as Chief Executive Officer effective April 1, 2027. Mr. Boyan will continue to serve as President of the Company and the Bank, a position he has held since January 1, 2026

Vincent Geraci, 59, Director of Mortgage Lending and First Senior Vice President of the Company and Bank. Previously, Mr. Geraci served as Mortgage Sales Manager at Unity Bank from 2010 to 2021.

James Donovan, 62, Chief Lending Officer and First Senior Vice President of the Company and Bank. Previously, Mr. Donovan had served as Group Vice President, Pennsylvania Market Manager Business Banking for M&T Bank since 2005. He also served as Senior Vice President, Head of Commercial & Industrial Banking for Bryn Mawr Trust since April 2019.

Daniel Sharabba, 37, Chief Retail Officer and Senior Vice President of the Company and Bank. Previously, Mr. Sharabba served as Vice President, Regional Manager with Citizens Bank since March 2021. He also served as Vice President, Private Client Branch Manager for JP Morgan Chase from June 2016 to March 2021.

David D. Dallas is a founding member of the Bank and currently serves as Chairman of the Company and Bank. Mr. Dallas is the CEO of The Dallas Group of America. Inc., a specialty chemical manufacturing business headquartered in Whitehouse, NJ, which serves a global industrial and foodservice customer base. Mr. Dallas has over 40 years of extensive experience in real estate through investing and developing commercial and residential properties throughout the NJ and PA markets served by the Company. Mr. Dallas is an active member of the Franklin Township Land Use Board, having served for more than 15 years, and currently serves as a trustee of Kinnelon Heritage Conservation Society, Inc. located in Kinnelon, NJ and Centenary University located in Hackettstown, NJ.

Mr. Courtright is a retired banker, who has served in the capacity of Executive Vice President, Chief Lending and Chief Credit Officer and as a Director at several institutions. Mr. Courtright is a prominent businessman in NJ and has many contacts to generate new business for the Company.

Mr. Maricondo is a retired financial consultant. Prior to this, Mr. Maricondo served as the Vice President/Corporate Controller at GPU, Inc. and the Vice President/Corporate Controller at NUI Corporation. Mr. Maricondo previously worked in public accounting as a Certified Public Accountant with an international accounting firm. Mr. Maricondo holds a Master's of Accounting from Seton Hall University.

Dr. Mark S. Brody has been a Director of the Company and the Bank since 2002. Dr. Brody is also the Vice President of Planned Financial Programs, Inc. and Managing Member of Financial Planning Analysts, LLC.

Mr. Patel is currently serving as CEO of Millennium Hotel Group (Hotel), CEO of 2602 Deerfield LLC (Real Estate), and partial owner of the Bergen County Medical Adult Day Care Center (Healthcare). Mr. Patel holds a Bachelor's of Engineering from SP University in India. Mr. Patel is a licensed NJ Realtor and prominent businessman in NJ and has many contacts to generate new business for the Company.

Dr. Gross is the founder of Human Edge Resources, LLC. Dr. Gross holds a Doctorate of Psychology in Organizational Psychology from Rutgers, a Masters of Business Administration with honors from The Wharton School of the University of Pennsylvania, and a Bachelors of Science in Accounting from the University of Maryland. Dr. Gross' experience in human resources and financial services assists the Board in its oversight of the Company's operations.

Mr. Tucker is the current Vice Chairman of the Board. He holds a Bachelor's of Science in Business Administration from Northeastern University. Mr. Tucker is the President and CEO of Tucker Enterprises and has extensive experience as a Real Estate Developer. He has been a NJ State Licensed Builder since 1987. Mr. Tucker is a former member of the Millburn Township Zoning Board of Adjustment. Mr. Tucker is a prominent businessman in NJ and has many contacts to generate new business for the Company.

Minsu Kim, 33, Chief Credit Officer and Senior Vice President of the Company and the Bank. Previously, Mr. Kim served as Vice President, Commercial Loan Officer at Unity Bank from 2018 to 2022.

David Bove, 40, Chief Information Officer and Senior Vice President of the Company and Bank. Previously, Mr. Bove served as Senior Vice President, Chief Technology Officer at Unity Bank from 2015 to 2024.

Mr. James Davies will be appointed as Chief Financial Officer of the company and bank, effective January 1, 2026. Mr. James Davies, Controller and Senior Vice President of the Company and Bank. Previously, Mr. Davies worked at Bank Leumi USA and its successor Valley Bank in various capacities since April 2016, including Co-Controller. He also served as the Chief Financial Officer of Leumi Investment Services since December 2020.