Unity Bancorp (NASDAQ: UNTY) announces death of founding director
Rhea-AI Filing Summary
Unity Bancorp, Inc. reported the passing of director Robert ("Bobby") H. Dallas II, who died on August 3, 2026. Dallas was a founding member of Unity Bank and had served on the company’s board since inception, providing leadership and guidance for more than three decades.
On August 7, 2026, the company publicly announced his passing via a press release furnished as an exhibit. Unity Bancorp, headquartered in Clinton, New Jersey, is a financial services organization with approximately $3.2 billion in assets and $2.5 billion in deposits, serving customers across multiple counties in New Jersey and Pennsylvania.
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- The passing of founding director Robert ("Bobby") H. Dallas II removes more than three decades of board-level experience and leadership from Unity Bancorp’s governance.
Filing Explained
The filing records a completed director departure; it identifies no successor and discloses no holder-level economic mechanics.
As a Form 8-K, this filing reports a specified material event: the company records that it was informed on
The filing does not identify a successor or announce another board action, so the next governance step is not established by this document.
The accompanying release is furnished under Item 7.01 and expressly says its information is not deemed filed for Section 18 or incorporated by reference, except by specific reference.
8-K Event Classification
Key Figures
Key Terms
Regulation FD Disclosure regulatory
forward-looking statements regulatory
nonperforming assets financial
Emerging growth company regulatory
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FAQ
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction of Incorporation)
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of Principal Executive Office)
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(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:
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)) |
Securities registered pursuant to Section 12(b) of the Act:
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Trading Symbol(s) |
Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
On August 3, 2026, Unity Bancorp, Inc. (the "Company") was informed of the passing of Robert ("Bobby") H. Dallas II, a member of the Company's Board of Directors. Robert Dallas had served as a director of the Company and Unity Bank and provided valuable leadership and guidance during his tenure.
Item 7.01 Regulation FD Disclosure.
On August 7, 2026, the Company issued a press release announcing the passing of director Robert ("Bobby") H. Dallas II. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit 99.1 |
Press release issued by the Registrant on August 7, 2026 |
Exhibit 104 |
104 Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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(Registrant) |
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Date: August 7, 2026 |
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By: |
/s/ James Davies |
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James Davies |
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First Senior Vice President & Chief Financial Officer |
Exhibit 99.1
Unity Bancorp, Inc.
64 Old Highway 22
Clinton, NJ 08809
800 618-BANK
www.unitybank.com
News
For Immediate Release:
August 7, 2026
News Media & Financial Analyst Contact:
James Davies
FSVP and Chief Financial Officer
(908) 713-4330
Unity Bancorp, Inc. Mourns the Passing of Director Robert ("Bobby") H. Dallas II
CLINTON, N.J., August 7, 2026 – Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, today announced with profound sadness the passing of Robert ("Bobby") H. Dallas II. Mr. Dallas was a founding member of the Bank and served on the Company's Board since inception and brother of Chairman David D. Dallas. He played an instrumental role in helping guide Unity from a community bank startup to one of New Jersey's strongest independent banking franchises. His leadership, wisdom, and unwavering commitment to customers, communities, employees, and shareholders helped shape the organization for more than three decades.
"We are deeply saddened by Bobby's passing," said James A. Hughes, Chief Executive Officer of Unity Bancorp, Inc. "For more than three decades, Bobby helped shape Unity's culture, values, and long-term success. He was a respected colleague, trusted advisor, and dear friend whose integrity, humility, and commitment to doing what was right earned the admiration of everyone who worked alongside him. His contributions to Unity and to the communities we serve will be remembered for generations. On behalf of our Board, management team and employees, we extend our deepest condolences to his family and loved ones."
During his service on the Board, Mr. Dallas provided thoughtful guidance and leadership to the Company. His insight and commitment to the communities served by Unity Bank left a lasting impact on the organization and those who worked alongside him. The Company and Board of Directors are grateful for Mr. Dallas' many years of dedicated service and will honor his memory by continuing to uphold the values he championed.
Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $3.2 billion in assets and $2.5 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its robust branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com , or call 800-618-BANK.
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.