Come this summer, Morris County will have its first Unity Bank.
The community bank announced May 22 it will open a full-service branch at 66 N. Beverwyck Road in Lake Hiawatha, marking its third new retail site since December.
Unity recently opened branches in Fort Lee in Bergen County as well as in Lakewood, which marked the bank’s debut in Ocean County.
With the new location, Unity Bank will now operate 21 locations in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren counties in New Jersey and Northampton County in Pennsylvania.
Unity Bank President and CEO James Hughes, who said the bank’s business and residential lending programs have been active in Morris County “for some time,” called the new location “a logical expansion of our retail service footprint.”
“The Morris County population is growing and we believe there is a good opportunity to enhance our residential mortgage lending business,” Hughes added in a statement. “Banking services at the branch level are increasingly important to our customers, particularly small business owners who still, even in the age of electronic banking, rely on branches.”
The 3,864-square-foot Lake Hiawatha site will include six dedicated parking spaces and drive-up banking and ATM services, Unity said. Although Unity did not name the previous site’s owner by name, it said another bank had been located at the site. Blue Foundry Bank listed the same address as “permanently closed” on Facebook.
A subsidiary of Clinton-headquartered Unity Bancorp Inc., Unity Bank holds about $2.5 billion in assets and $1.8 billion in deposits.=