Center Bancorp Inc. Resources | BNET
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Center Bancorp Inc. (CNBC) is in the Financial Services Industry

Revenue
Dec 31 2007
$56.5M
Profit
Dec 31 2007
$3.8M
Market Cap
Aug 27 2008
$204.3K

Latest News and Analysis

  • Bruce Bryant Inducted Into Oregon Bankers Association's Hall of Fame

    PORTLAND, Ore., July 2 /PRNewswire/ -- Bruce G. Bryant, Columbia State Bank Executive Vice President, was inducted into the Hall of Fame by the Oregon Bankers Association ("OBA") during its recent convention held at Salishan Spa & Golf Resort in Gleneden Beach, Oregon. This honor...

    Articles 2008-07-02

  • Center Bancorp, Inc. Announces Wealth Management Services Through American Economic Planning Group, Inc.

    Center Bancorp, Inc. (NASDAQ: CNBC), through itsNational Bank Subsidiary, Union Center National Bank, ("UCNB") todayannounced the expansion of its financial services to offer wealthmanagement through American Economic Planning Group, Inc. AEPG ofWatchung, New Jersey. AEPG is a nationally recognized investment advisoryfirm and provides comprehensive wealth management services. The expansion of...

    Articles 2008-05-08

  • Center Bancorp, Inc. Reports First Quarter 2008 Earnings

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany of Union Center National Bank, today reported operating results forthe first quarter ended March 31, 2008. Earnings amounted to $1.2 millionor $0.09 per diluted share for the quarter ended March 31, 2008 as comparedwith earnings of $1.3 million or $0.09 per diluted share for...

    Articles 2008-04-24

  • Center Bancorp, Inc. Announces Appointment of A. Richard Abrahamian as CFO

    Center Bancorp, Inc. (NASDAQ: CNBC) (the"Corporation"), parent company to Union Center National Bank of Union, NewJersey, announced today that the Corporation's Board of Directors approvedthe appointment of A. Richard Abrahamian as Vice President and Treasurer ofthe Corporation and Senior Vice President and Chief Financial Officer ofUnion Center National Bank (the...

    Articles 2008-03-27

  • Center Bancorp, Inc. Announces Outsourcing Partnerships With Compushare, Inc. and PHH Mortgage to Reduce Operating Overhead in 2008

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany of Union Center National Bank, today announced the Corporation hadsigned two strategic outsourcing agreements to aid in the realization ofits goal to reduce operating overhead and shrink the infrastructure of theCorporation. The cost reduction plans are expected to significantly improveoperating efficiencies, business and technical...

    Articles 2008-03-20

  • Center Bancorp, Inc. Names Elliot I. Kramer and Howard Kent to the Board of Directors

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany to Union Center National Bank of Union, New Jersey, announced thatat its Board meeting on February 28, 2008, the Corporation named Elliot I.Kramer and Howard Kent to the board of directors effective February 28,2008. Mr. Kramer is an Attorney and Partner with the law...

    Articles 2008-03-03

  • Center Bancorp, Inc. Declares Quarterly Dividend of $.09 per Share

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany to Union Center National Bank of Union, New Jersey, announced atits Board meeting on February 28, 2008, the Board of Directors declared aquarterly cash dividend of $.09 per share. This dividend declared is forthe quarter ending March 31, 2008. The dividend will be distributed...

    Articles 2008-02-29

  • Center Bancorp, Inc. Announces Resignation of Board Member and the Appointment of New Audit Chairman and Proposes to Declassify Board at 2008 Shareholder Meeting

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany of Union Center National Bank, today announced that on January 30,2008, Eugene V. Malanowski resigned as a director of Center Bancorp, Inc.(the "Company"), effective immediately. At the time of his resignation, Mr.Malanowski served as the Chairman of the Audit Committee, and a member ofeach...

    Articles 2008-02-05

  • / CORRECTION - Center Bancorp, Inc. Reports Fourth Quarter 2007 Earnings

    In the news release, "Center Bancorp, Inc.Reports Fourth Quarter 2007 Earnings," issued earlier today by CenterBancorp, Inc. (NASDAQ: CNBC), please be advised that the Loans line itemfor the column dated 12/31/07 in the Quarterly Condensed ConsolidatedBalance Sheets unaudited table should read "551,669" rather than "51,669"as originally issued by Marketwire. ...

    Articles 2008-01-31

  • Center Bancorp, Inc. Reports Fourth Quarter 2007 Earnings

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany of Union Center National Bank, today reported operating results forthe fourth quarter and the year ended December 31, 2007. Earnings amountedto $532,000 or $0.04 per share for the quarter ended December 31, 2007 ascompared with earnings for the quarter ended December 31, 2006 of...

    Articles 2008-01-31

  • Center Bancorp, Inc. Announces Permanent Appointment of President and Chief Executive Officer

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany to Union Center National Bank of Union, New Jersey, announced atits board meeting yesterday that the Board of Directors permanentlyappointed current acting President, Anthony C. Weagley as President andChief Executive Officer. Mr. Weagley was also appointed to the Board ofthe Bank. "After our...

    Articles 2007-12-18

  • Center Bancorp, Inc. Declares Quarterly Dividend of $.09 per Share

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany to Union Center National Bank of Union, New Jersey, announced todaythat the Board of Directors declared a quarterly cash dividend of $.09 pershare This dividend declared is for the quarter ending December 31, 2007.The dividend will be distributed on February 1, 2008, to shareholders...

    Articles 2007-11-27

  • Center Bancorp, Inc. Reports Third Quarter 2007 Earnings

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany of Union Center National Bank, today reported operating results forthe third quarter ended September 30, 2007. Earnings amounted toapproximately $1.0 million for the quarter ended September 30, 2007 ascompared with net income for the quarter ended September 30, 2006 of $1.3million. Basic and fully...

    Articles 2007-10-26

  • Center Bancorp, Inc. Announces Commencement of Litigation by Beacon Trust Company

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany to Union Center National Bank of Union, New Jersey, today announcedthat it received notice that Beacon Trust Company has filed a verifiedcomplaint and order to show cause in the Chancery Division of the SuperiorCourt of New Jersey naming Center Bancorp as the sole defendant....

    Articles 2007-10-10

  • Center Bancorp, Inc. Announces Increase in Share Repurchase Program

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany to Union Center National Bank of Union, New Jersey, announced thatits Board approved an increase in its current share buyback program to anadditional 5% of outstanding shares, enhancing its current authorization by684,627 shares. Any purchases by the Corporation may be made, from time...

    Articles 2007-10-01

  • Center Bancorp, Inc. Declares Quarterly Dividend of $.09 per Share

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany to Union Center National Bank of Union, New Jersey, announced todaythat the Board of Directors declared a quarterly cash dividend of $.09 pershare. This dividend declared is for the quarter ending September 30,2007. The dividend will be distributed on November 1, 2007, to...

    Articles 2007-08-23

  • Center Names Acting President Upon Retirement of CEO

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany of Union Center National Bank, today announced the retirement ofJohn J. Davis as President & CEO of the Corporation and Bank. The Board ofDirectors announced that it has named current Senior Vice President andChief Financial Officer CFO Anthony C. Weagley as acting President. Mr.Weagley...

    Articles 2007-08-23

  • Center Bancorp, Inc. Reduces Non-Interest Expense

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany of Union Center National Bank, announced today that as part of itsongoing efforts to reduce operating expense, it has frozen its definedbenefit pension plan and it has redesigned its 401k savings plan,effective September 30, 2007. The changes are consistent with ongoing costreduction strategies and...

    Articles 2007-08-09

  • Center Bancorp, Inc. Reports Second Quarter 2007 Earnings

    Center Bancorp, Inc. (NASDAQ: CNBC), parentcompany of Union Center National Bank, today reported operating results forthe second quarter ended June 30, 2007. Center Bancorp reported: -- Net income of $1.0 million for the second quarter of 2007 compared with net income of $1.4 million for the...

    Articles 2007-07-26

  • North: Dissidents Onboard

    UNION Following a contentious proxy battle, Center Bancorp Inc. confirmed last week that a three-person slate led by dissident shareholder Lawrence Seidman was elected to the Union company's 17-person board of directors. The announcement came after the vote was certified by IVS Associates Inc., a Newark, Del.-based firm. Seidman,...

    Articles 2007-06-04

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  • Incorporated: 1982
  • CEO: Mr. Anthony C. Weagley
  • Employees: 214

Center Bancorp is a bank holding company. Through its Union Center National Bank subsidiary, Co. provides a range of lending, depository and related financial services to commercial, industrial and governmental customers such as loans, lines and letters of credit, working capital loans, real estate construction loans, mortgage loans, demand deposits, savings accounts, time deposits, collection services, wire transfers, night depository and lock box services. Co. also offers consumer banking services, including interest bearing and non-interest bearing checking accounts, savings accounts and IRA accounts. As of Dec 31 2007, Co. had total assets of $1.02 billion and deposits of $699.1 million.

Key Competitors

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Center Bancorp Inc. Company Info

Board of Directors

Mr. Alexander A. Bol

Chairman

Mr. John J. DeLaney Jr.

Mr. William A. Thompson

Mr. Lawrence B. Seidman

Mr. Raymond Vanaria

Mr. Harold Schechter

Mr. Howard Kent

Mr. James J. Kennedy

Mr. Elliot I. Kramer

Ms. Brenda Curtis

Mr. Hugo Barth III

Contact Information

2455 Morris Avenue

Union, NJ

http://www.centerbancorp.com

908 688-9500

NAICS Code

Commercial Banking: 522110

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