UNTY

Unity Bank Appoints Sara M. Sooy and Alfred J. Gaburo to Board of Directors

Unity Bancorp Expands Unity Bank Board With Experienced NJ Governance Leaders

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    <h3>Information</h3>
    <p>&lt;link type=&quot;text/css&quot; rel=&quot;stylesheet&quot; href=&quot;https://www.globenewswire.com/styles/gnw_nitf.css&quot;&gt;&lt;/li...</p>
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    <h3>AI Summary</h3>
    <p>Unity Bancorp announced the appointment of Sara Sooy and Alfred Gaburo to Unity Bank&#039;s board, expanding governance depth. Sooy brings real estate finance and public-sector governance, while Gaburo adds decades in public affairs and economic development. The move signals stronger governance ahead of growth plans in New Jersey and the Lehigh Valley, with potential for improved risk oversight and execution.</p>
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    <h3>Key Points</h3>
    <ul><li>Unity Bancorp names Sooy and Gaburo to Unity Bank board.</li><li>Sooy: MBA in Real Estate Finance; NJ governance experience.</li><li>Gaburo: 30+ years in public affairs and economic development.</li><li>Appointments bolster Unity Bank&#039;s governance as it grows in NJ/Lehigh Valley.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Unity Bancorp, Inc. (UNTY)</strong>: Parent company; board appointments may impact governance and growth strategy.</li><li><strong>Unity Bank (N/A)</strong>: Board additions aimed at strengthening governance and strategic oversight.</li><li><strong>Investors Bank (N/A)</strong>: Sooy previously served here; governance network in New Jersey.</li><li><strong>New Jersey Economic Development Authority (N/A)</strong>: Sooy’s involvement signals public-sector alignment and local development ties.</li></ul>
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    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Board-level governance changes can influence risk oversight and strategic execution without immediate earnings impact.</p>
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    <h3>Market-Moving</h3>
    <ul><li>Governance upgrades may improve risk oversight and future loan growth.</li><li>No immediate earnings impact disclosed.</li><li>Regional bank sentiment and New Jersey exposure could influence UNTY.</li><li>Likely limited near-term price reaction to the board appointment.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of announcement: June 11, 2026.</li><li>UNTY is the NASDAQ ticker for Unity Bancorp, Inc., parent of Unity Bank.</li><li>Unity Bank operates 22 branches across New Jersey and the Lehigh Valley.</li><li>Sara Sooy: MBA in Real Estate Finance; Somerset County Commissioner.</li><li>Alfred Gaburo: 30+ years in public affairs and economic development.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral-to-bullish over 3–12 months as governance strengthens execution.</p>
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  <h1>Unity Bancorp Announces Appointments to Unity Bank Board: Sara M. Sooy and Alfred J. Gaburo</h1>

  <p>CLINTON, N.J., June 11, 2026 (GLOBE NEWSWIRE) — Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, announced that its Board of Directors has voted to appoint Sara M. Sooy and Alfred J. Gaburo to the Unity Bank Board of Directors. This move reinforces Unity Bank’s governance framework as it continues serving customers and communities across New Jersey and the Lehigh Valley.</p>

  <section aria-labelledby="section-appointments">
    <h2 id="section-appointments">Appointment Details and Board Strength</h2>

    <p><strong>UNTY</strong> and Unity Bank are expanding governance with two seasoned professionals bringing diverse expertise in banking, public policy, and community leadership. Sooy and Gaburo join the Unity Bank Board to bolster fiduciary oversight, enterprise risk governance, and strategic governance capabilities.</p>

    <ul>
      <li><strong>Sara M. Sooy</strong> — Sooy brings significant banking, finance, governance, and public-sector leadership experience to the board. Her background includes public company audit committee service, credit risk evaluation, commercial real estate finance, enterprise risk governance, capital planning, and fiduciary oversight. She has held roles with Investors Bank and the New Jersey Economic Development Authority, and currently serves as a Somerset County Commissioner.</li>
      <li><strong>Alfred J. Gaburo</strong> — Gaburo brings more than three decades of experience in public affairs, government relations, economic development, and strategic advocacy. He has represented leading organizations across New Jersey in industries including healthcare, insurance, transportation, environmental services, maritime, and pharmaceuticals. He also previously served in elected office as a member of the Raritan Borough Council, where he was elected council president and served on the Planning Board and as Police and Fire Commissioner.</li>
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    <h2 id="section-quote">Executive Perspective on Board Appointments</h2>
    <blockquote>
      "We are pleased to welcome Al and Sara to the Unity Bank Board of Directors," said James A. Hughes, CEO of Unity Bank. "Their professional experience, leadership, and deep understanding of New Jersey's business and community landscape will strengthen our board and support Unity's continued growth."
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  <section aria-labelledby="section-education">
    <h2 id="section-education">Educational Backgrounds and Board Involvement</h2>

    <h3>Sara M. Sooy</h3>
    <p>Sooy earned an MBA in Real Estate Finance from Rutgers University and a Bachelor of Science in Economics, with a concentration in International Economics, from Saint Francis College. She also serves on several boards and advisory bodies, including the North Jersey Transportation Planning Authority, Somerset County Business Partnership, and Robert Wood Johnson University Hospital Latino Advisory Board.</p>

    <h3>Alfred J. Gaburo</h3>
    <p>Gaburo is a graduate of the University of Delaware and attended the American Institute of Applied Politics in Washington, D.C., and the Eagleton Institute of Applied Politics at Rutgers University. He is also a Leadership New Jersey Fellow, Class of 2000. Gaburo has served on numerous boards and commissions, including Advantage Bank, Community First Bank, Commercial Fidelity Insurance Company, Triad Healthcare, Chronus Healthcare, and the Board of Governors at Saint Peter's University Healthcare System in New Brunswick.</p>
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  <section aria-labelledby="section-implications">
    <h2 id="section-implications">Implications for Unity Bank and Community Access</h2>
    <p><em>The appointments reflect Unity Bank's ongoing commitment to strong corporate governance and experienced leadership</em> as the bank continues to serve customers, businesses, and communities across New Jersey and the Lehigh Valley.</p>
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    <h2 id="section-about">About Unity Bancorp, Inc.</h2>
    <p>Unity Bancorp, Inc. (NASDAQ: UNTY) is the parent company of Unity Bank, a financial services organization based in Clinton, New Jersey. Unity Bank operates 22 branches across New Jersey and the Lehigh Valley, Pennsylvania, offering community-focused commercial banking services, including deposit accounts, loans, and digital services. For details, visit unitybank.com or call 800-618-BANK (800-618-2265). Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC). To learn about FDIC insurance, visit FDIC.gov.</p>
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    <h2 id="section-media">Media Resources and Attachments</h2>
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      <li>Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/cfc60659-a5d3-4698-9f13-7a509fd5af93</li>
      <li>Attachment: https://www.globenewswire.com/NewsRoom/AttachmentNg/5dfec84c-246d-421a-be22-afad3646e991</li>
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  <section aria-labelledby="section-contact">
    <h2 id="section-contact">Media and Investor Contact</h2>
    <p><strong>Crystal Rose</strong><br>Chief Marketing Officer<br>908-713-4310<br Crystal.Rose@unitybank.com</p>
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Unity Bancorp announced the appointment of Sara Sooy and Alfred Gaburo to Unity Bank's board, expanding governance depth. Sooy brings real estate finance and public-sector governance, while Gaburo adds decades in public affairs and economic development. The move signals stronger governance ahead of growth plans in New Jersey and the Lehigh Valley, with potential for improved risk oversight and execution.

Unity Bank Appoints Sara M. Sooy and Alfred J. Gaburo to Board of Directors

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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