Unity Bancorp CEO Hughes to retire Mar 31, 2027; Boyan named successor

UNITY BANCORP INC /NJ/

James A. Hughes will retire as CEO of Unity Bancorp and Unity Bank effective March 31, 2027; will remain on both boards.
George Boyan, current President, becomes President and CEO effective April 1, 2027.
SERP amendment raises Hughes' retirement benefit from 60% to 65%; one-time pre-tax expense of $769K in Q3 2026.
Hughes led growth from $356M to $3.2B in assets; market cap up from ~$7.4M to over $575M.

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