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Unity Bancorp Announces New Share Repurchase Program Of Up To 500K Shares, Or ~5% Of Its Outstanding Common Stock

Author: Benzinga Newsdesk | August 01, 2024 09:04am

Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced that its Board of Directors has approved a new Share Repurchase Program. Under this new program, the Company may repurchase up to 500,000 shares, or approximately 5.0% of its outstanding common stock. The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance.

Posted In: UNTY


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