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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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(d)
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(1)
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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.
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(2)
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There
are no arrangements or understandings between Mr. Patel and any other
persons pursuant to which Mr. Patel was selected as a
director.
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(3)
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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.
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(4)
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There
are no “related party transactions” between Mr. Patel and the Bank which
require disclosure.
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(5)
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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.
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SIGNATURES
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.
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Date:
October 28, 2008
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By:
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/s/Alan J. Bedner,
Jr. .
Alan J. Bedner, Jr.
EVP and Chief Financial Officer
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