Center Bancorp, Inc.'s Union Center National Bank Hires Security Officer and Residential and Consumer Loan Underwriter
UNION, N.J., June 28, 2012 (GLOBE NEWSWIRE) -- Center Bancorp, Inc. (CNBC), parent company to Union Center National Bank, ("UCNB"), of Union, New Jersey, announced that Union Center National Bank has hired Hector R. Espinosa as Vice President & Security Officer. Prior to joining UCNB, Mr. Espinosa served as Regulatory Compliance Manager with MetLife. He is a graduate of Hudson County College.
UCNB also announced the hiring of Michele Bell as Assistant Vice President, Manager of Operations & Compliance of the Consumer Loans Department. Prior to joining UCNB, Ms. Bell served as Assistant Vice President, Fulfillment Team Manager with Bank of America. "With Center's continued growth, we are committed to attracting the talent needed on board and are very pleased to welcome Hector and Michele on the UCNB team," said Anthony C. Weagley, President and CEO.
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 individuals.
The Bank, through its Private Wealth Management Division, includes its wholly-owned subsidiary, Center Financial Group LLC. UCNB's Private Wealth Management and advisory umbrella of services 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 and philanthropic advisory.
Center also recently announced a strategic partnership with Compass Financial Management, LLC and ING to offer pension/401(k) planning services. Compass is an SEC Registered 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 12 banking locations in Union and Morris Counties in New Jersey. Banking centers are located in Union Township (5 locations), Berkeley Heights, Boonton/Mountain Lakes, Madison, Millburn/Vauxhall, Morristown, Springfield, and Summit, New Jersey. While the Bank's primary market area is comprised of Union and Morris Counties, New Jersey, the Corporation is expanding to northern New Jersey with its recent announcement of the pending purchase and assumption of specific assets and liabilities of Saddle River Valley Bank. Saddle River Valley Bank has two branch locations in Saddle River and Oakland, NJ. Also the pending opening of the new Englewood banking center location located in downtown Englewood, NJ.
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 http://www.ucnb.com .
CONTACT: Investor Inquiries: Joseph D. Gangemi VP, Investor Relations (908) 206-2863 France Delle Donne VP, Director of Communications & PR (908) 206-2668Source: Center Bancorp, Inc. 2012 GlobeNewswire, Inc.