Unity Bancorp, Inc. Announces Executive Leadership Promotions
Unity Bancorp (NASDAQ: UNTY) announced executive promotions effective January 1, 2026. George Boyan, currently EVP and Chief Financial Officer, will be promoted to President and added to the Boards of Directors of Unity Bancorp and Unity Bank. James Davies, currently Senior Vice President and Controller, will succeed Boyan as Chief Financial Officer. James Hughes will remain Chief Executive Officer and a board member. The company reported approximately $2.9 billion in assets and $2.3 billion in deposits, and said these moves reflect leadership depth and continuity.
Unity Bancorp (NASDAQ: UNTY) ha annunciato promozioni tra i dirigenti con effetto dal 1 gennaio 2026. George Boyan, attualmente EVP e Chief Financial Officer, sarà promosso a Presidente e sarà aggiunto ai Consigli di Amministrazione di Unity Bancorp e Unity Bank. James Davies, attualmente Senior Vice President e Controller, succederà a Boyan nel ruolo di Chief Financial Officer. James Hughes rimarrà Chief Executive Officer e membro del consiglio. L'azienda ha riportato circa 2,9 miliardi di dollari di attivi e 2,3 miliardi di dollari di depositi, e ha detto che questi movimenti riflettono profondità di leadership e continuità.
Unity Bancorp (NASDAQ: UNTY) anunció promociones ejecutivas que entrarán en vigor el 1 de enero de 2026. George Boyan, actualmente vicepresidente ejecutivo y director financiero, será promovido a Presidente y se incorporará a los Consejos de Administración de Unity Bancorp y Unity Bank. James Davies, actualmente vicepresidente senior y controlador, sucederá a Boyan como Chief Financial Officer. James Hughes permanecerá Chief Executive Officer y miembro del consejo. La compañía informó aproximadamente 2,9 mil millones de dólares en activos y 2,3 mil millones de dólares en depósitos, y dijo que estos movimientos reflejan la profundidad de liderazgo y la continuidad.
Unity Bancorp (NASDAQ: UNTY)은 2026년 1월 1일부로 발효되는 임원 승진을 발표했습니다. 현재 EVP 겸 최고재무책임자(CFO)인 George Boyan은 사장으로 승진하고 Unity Bancorp와 Unity Bank의 이사회에 추가됩니다. 현재 수석 부사장 겸 재무담당자인 James Davies가 Boyan의 뒤를 이어 최고재무책임자가 됩니다. James Hughes는 최고경영자 및 이사회 구성원으로 남습니다. 회사는 약 29억 달러의 자산과 23억 달러의 예금을 보고했으며, 이러한 조치가 리더십의 깊이와 연속성을 반영한다고 말했습니다.
Unity Bancorp (NASDAQ: UNTY) a annoncé des promotions exécutives actives au 1er janvier 2026. George Boyan, actuellement vice-président exécutif et directeur financier, sera promu au poste de Président et intégré aux conseils d'administration de Unity Bancorp et Unity Bank. James Davies, actuellement vice-président principal et contrôleur, succédera à Boyan en tant que Chief Financial Officer. James Hughes restera Chief Executive Officer et membre du conseil. L'entreprise a déclaré avoir environ 2,9 milliards de dollars d'actifs et 2,3 milliards de dollars de dépôts, et a dit que ces mouvements reflétaient la profondeur de leadership et la continuité.
Unity Bancorp (NASDAQ: UNTY) hat mit Wirkung zum 1. Januar 2026 Beförderungen auf Führungsebene angekündigt. George Boyan, derzeit EVP und Chief Financial Officer, wird zum Präsidenten befördert und zu den Vorständen von Unity Bancorp und Unity Bank aufgenommen. James Davies, derzeit Senior Vice President und Controller, wird Boyan als Chief Financial Officer nachfolgen. James Hughes bleibt Chief Executive Officer und Vorstandsmitglied. Das Unternehmen meldete ungefähr 2,9 Milliarden US-Dollar an Vermögenswerten und 2,3 Milliarden US-Dollar an Einlagen und sagte, diese Schritte spiegeln Führungstiefe und Kontinuität wider.
Unity Bancorp (NASDAQ: UNTY) أعلنت عن ترقيات تنفيذية سارية اعتباراً من 1 يناير 2026. جورج بوين، حالياً نائب رئيس تنفيذي وكبير الموظفين الماليين، سيتم ترقيته إلى الرئيس وسيُضاف إلى مجالس إدارة Unity Bancorp وUnity Bank. جيمس ديفيز، حالياً نائب رئيس أول ومراقب، سيخلف بوين كـ كبير الموظفين الماليين (CFO). سيبقى جيمس هيوز المدير التنفيذي وعضو المجلس. قالت الشركة إنها بلغت أصولاً تقارب 2.9 مليار دولار وودائع تبلغ 2.3 مليار دولار، وأفادت أن هذه الخطوات تعكس عمق القيادة واستمراريتها.
- President promotion for George Boyan effective Jan 1, 2026
- CFO succession by James Davies to maintain finance leadership
- Board additions: Boyan to join both Unity Bancorp and Unity Bank boards
- Balance sheet scale reported: $2.9B assets and $2.3B deposits
- CFO transition effective Jan 1, 2026 introduces succession risk
- No transition details provided for overlap or handoff timing
CLINTON, N.J., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, is pleased to announce the promotion of George Boyan to President, effective January 1, 2026. Mr. Boyan currently serves as Executive Vice President and Chief Financial Officer and has played a pivotal role in the company’s financial strategy and growth.
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.
James Davies will succeed Mr. Boyan as Chief Financial Officer. Mr. Davies currently serves as Senior Vice President and Controller. Mr. Davies brings extensive experience in financial management and strategic planning, and has been a key contributor to Unity’s continued success.
James Hughes will continue to serve as Chief Executive Officer and as member of our Board of Directors, maintaining his leadership role in guiding the company’s long-term vision and strategic direction.
“These promotions reflect the strength and depth of Unity’s leadership team,” said Mr. Hughes. “George has demonstrated exceptional leadership and financial acumen, and James is well-prepared to take on the CFO role. I look forward to working closely with both of them in their new roles, as we continue to grow and serve our customers and communities.”
Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately
This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the Company’s control that could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, and the impact of any health crisis or national disasters on the Bank, its employees and customers, among other factors.
For Immediate Release:
November 20, 2025
News Media & Financial Analyst Contact:
George Boyan
EVP and Chief Financial Officer
(908) 713-4565
FAQ
Who is becoming President of Unity Bancorp (UNTY) and when does the change take effect?
Who will serve as Chief Financial Officer of Unity Bancorp (UNTY) after January 1, 2026?
Will Unity Bancorp (UNTY) CEO James Hughes remain in his role after the executive promotions?
Will George Boyan join the boards of Unity Bancorp (UNTY) and Unity Bank?
What size balance sheet did Unity report alongside the executive changes?
