secwatch.observer — SEC 8-K summary
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Issuer:     UNITY BANCORP INC /NJ/ (UNTY)
CIK:        0000920427
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0000920427-23-000031
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Unity Bancorp discloses deposit base: 35k accounts, 75% FDIC insured, 50% retail
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- Approximately 35,000 deposit accounts with average balance of $28,000.
- 75% of deposit base is FDIC insured; 50% is retail deposits.
- Disclosure made by CEO James Hughes on Joe Piscopo radio show on March 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920427/000092042723000031/0000920427-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920427/000092042723000031/unty-20230330x8k.htm
  HTML page:      https://secwatch.observer/filing/0000920427-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer