Center Bancorp, Inc. Declares Quarterly Dividend of $0.055 Per Share
Friday, March 1, 2013 • 3:06pm
Center Bancorp, Inc.
(Nasdaq:CNBC), parent company to Union Center National Bank, ("UCNB"),
announces that the Board of Directors declared a quarterly cash
dividend of $0.055 per share, at its Board meeting dated February 27,
This dividend declared is for the quarter ending March 31, 2013. The
dividend will be distributed on May 1, 2013, to shareholders of record
on April 12, 2013.
About Center Bancorp
Center Bancorp, Inc. is a bank holding company, which operates Union
Center National Bank, its main subsidiary. Chartered in 1923, Union
Center National Bank is one of the oldest national banks headquartered
in the state of New Jersey and now ranks as the third largest national
bank headquartered in the state. Union Center National Bank is
currently the largest commercial bank headquartered in Union County.
Its primary market niche is its commercial banking business. The Bank
focuses its lending activities on commercial lending to small and
medium-sized businesses, real estate developers and high net worth
The Bank, through its Private Banking and Wealth Management Division,
which includes its wholly-owned subsidiary, Center Financial Group LLC,
provides personalized wealth management and advisory services to high
net worth individuals and families. Our services include banking,
liquidity management, investment services, custody, tailored lending,
wealth planning, trust and fiduciary services, insurance, family wealth
advisory services and philanthropic advisory services. The Bank,
through a strategic partnership between the Bank's Private Banking
Division and Alexander, Troy & Company ("AT&CO."), Family Office
Services, of Katonah, New York, provides customized financial and
administrative services to high-net worth individuals.
Center also through a strategic partnership with Compass Financial
Management, LLC and ING offers pension/401(k) planning services.
Compass is an Investment Advisory Company with five decades of
cumulative experience providing investment services in a personal,
professional and attentive manner. They provide discretionary private
investment management for individuals and corporate accounts as well as
401(k) advisory services.
The Bank currently operates 15 banking locations in Union, Morris and
Bergen Counties in New Jersey. Banking centers are located in Union
Township (5 locations), Berkeley Heights, Boonton/Mountain Lakes,
Madison, Millburn/Vauxhall, Morristown, Oakland, Saddle River,
Springfield, and Summit, New Jersey. The Bank's primary market area is
comprised of Union, Morris and Bergen Counties, New Jersey. Also, the
Corporation opened the new Englewood banking center, located in
downtown Englewood, NJ, in December 2012.
For further information regarding Center Bancorp, Inc., please visit
our web site at http://www.centerbancorp.com or call (800) 862-3683.
For information regarding Union Center National Bank, please visit our
web site at www.ucnb.com.