Key Developments: Center Bancorp Inc (CNBC.OQ)
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Latest Key Developments (Source: Significant Developments)
Center Bancorp Inc Announces Resignation Of Chief Financial Officer
Center Bancorp Inc announced that Vincent Tozzi has informed the Corporation that he is resigning from the positions of Vice President, Treasurer & Chief Financial Officer of Center and as Senior Vice President and Chief Financial Officer of UCNB, effective May 31, 2013, to pursue other business opportunities. The Bank announced that Francis Rich Patryn, Senior Vice President & Comptroller, will be assuming the role of interim Chief Financial Officer. Full Article
Center Bancorp Inc Announces Planned Increase in Cash Dividend of 36.36%
Center Bancorp Inc announced that its Board of Directors intends to increase the quarterly cash dividend to $0.075 cents per share of common stock, representing an increase of $0.020 or 36.36% compared with the current declared dividend. The increase in the cash dividend will be effective with the quarterly declaration to be made in May for the quarter ending June 30, 2013. It will be payable on or about August 1, 2013, to all shareholders of record on July 12, 2013. Full Article
Center Bancorp Inc Declares Quarterly Dividend Of $0.055 Per Share
Center Bancorp Inc announced that Board of Directors declared a quarterly cash dividend of $0.055 per share, at its Board meeting dated February 27, 2013.This dividend declared is for the quarter ending March 31, 2013. The dividend will be distributed on May 1, 2013, to shareholders of record on April 12, 2013. Full Article
Center Bancorp Inc's Private Banking Division and Alexander Troy & Company
Center Bancorp Inc announced the creation of a strategic partnership between the Bank's Private Banking Division and Alexander, Troy & Company (AT&CO), Family Office Services, of Katonah, New York. Alexander, Troy & Company, run by the firm's principal and founder, Peter Chryssos, provides customized financial and administrative services to high-net worth individuals. Full Article
Center Bancorp Inc Declares Quarterly Cash Dividend
Center Bancorp Inc announced that the Board of Directors declared a quarterly cash dividend of $0.055 per share, at its Board meeting dated November 28, 2012. Full Article
Center Bancorp Inc Declares Quarterly Dividend Of $0.055 Per Share
Center Bancorp Inc announced that the Board of Directors declared a quarterly cash dividend of $0.055 per share, at its Board meeting dated August 23, 2012. This dividend declared is for the quarter ending September 30, 2012. The dividend will be distributed on November 1, 2012, to shareholders of record on October 17, 2012. Full Article
Center Bancorp, Inc.'s Subsidiary Announces Completion of Acquisition of Saddle River Valley Bank
Center Bancorp, Inc. announced that its wholly owned subsidiary, Union Center National Bank, completed its purchase and assumption acquisition of Saddle River Valley Bank, on August 1, 2012. UCNB assumed approximately $85.6 million in deposits and $87.2 million in loans and securities from Saddle River, strengthening its presence in Bergen County, New Jersey. Full Article
Center Bancorp, Inc. Announces Planned Increase In Cash Dividend
Center Bancorp, Inc. announced that its Board of Directors intends to increase the quarterly cash dividend to $0.055 cents per share of common stock, representing an increase of $0.025 or 83.37% compared with the current declared dividend. The increase in the cash dividend is payable on or about August 1, 2012, to all shareholders of record on July 13, 2012. Full Article
Center Bancorp, Inc. Declares Quarterly Dividend Of $.03 Per Share
Center Bancorp, Inc. announced that at its Board meeting dated February 22, 2012 the Board of Directors declared a quarterly cash dividend of $0.03 per share. This dividend declared is for the quarter ending March 31, 2012. The dividend will be distributed on May 1, 2012, to shareholders of record on April 13, 2012. Full Article
Center Bancorp, Inc's Union Center National Bank To Purchase Saddle River Valley Bank's Two Branch Locations In Saddle River And Oakland
Center Bancorp, Inc. and Saddle River Valley Bank announced that they have entered into a purchase and assumption agreement (Agreement). Under the terms of the Agreement, Center Bancorp, Inc.'s subsidiary, Union Center National Bank (UCNB), will purchase Saddle River Valley Bank's two branch locations in Saddle River and Oakland, NJ, as well as substantially all the assets and the deposit base of Saddle River Valley Bank. The all-cash consideration for the transaction will be 90 percent of Saddle River Valley Bank's adjusted stockholders' equity at closing. Full Article
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