Unity Bancorp CEO reaffirms ~15% dividend payout target, notes headcount reduction at annual meeting

UNITY BANCORP INC /NJ/

CEO James A. Hughes stated dividend payout target is typically around 15% to grow book value.
Employee headcount reductions in late 2023 and early 2024 were referenced, as reflected in Q1 2024 earnings.
Presentation made at Annual Shareholders Meeting on April 25, 2024, furnished as exhibit to 8-K.

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