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Thursday, November 26, 2009, 10:26PM ET - U.S. Markets Closed for Thanksgiving Day. Dow Up 0.29% Nasdaq Up 0.32%
Center Bancorp Inc. (CNBC)On Nov 25: 8.43   0.00 (0.00%)  
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Center Bancorp Inc.
2455 Morris Avenue
Union, NJ 07083
United States - Map
Phone: 908-688-9500
Fax: 908-688-3043
Web Site: http://www.ucnb.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Northeast Banks
Full Time Employees:160

BUSINESS SUMMARY 
Center Bancorp, Inc. operates as the holding company for Union Center National Bank that provides various banking services to individual and corporate customers in Union and Morris counties, New Jersey. The company offers consumer banking services, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, certificates of deposit, IRA accounts, and ATM services, as well as safe deposit boxes, Christmas club accounts, vacation club accounts, money orders, and traveler’s checks. Its lending activities comprise short and medium term loans, lines of credit, letters of credit, working capital loans, real estate construction loans, and mortgage loans. In addition, the company provides collection services, wire transfers, night depository, and lock box services. As of May 27, 2009, it operated 13 banking locations in Union and Morris counties, including 6 in Union Township, and 1 each in Berkeley Heights, Boonton/Mountain Lakes, Madison, Millburn/Vauxhall, Morristown, Springfield, and Summit. In addition, Center Bancorp, through it other subsidiaries, offers brokerage services, annuity products, property and casualty insurance, life and health insurance, mutual funds, and financial planning services, as well as title, trust, and money market services. It also deals in the U.S. Treasury and the U.S. Governmental agency securities, certificates of deposit, commercial paper, and repurchase agreements. The company was founded in 1982 and is based in Union, New Jersey.
Key Statistics

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    CORPORATE GOVERNANCE 
    Center Bancorp Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 12.8% of Russell 3000 companies and 22.4% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Anthony C. Weagley , 47
    Chief Exec. Officer, Pres, Chief Exec. Officer of Union Center National Bank Pres of Union Center National Bank of Union Center National Bank of Union
    $ 225.00K $ 0
    Mr. A. Richard Abrahamian , 49
    Chief Financial Officer, VP, Treasurer, Chief Financial Officer of Union Center National Bank and Sr. VP of Union Center National Bank
    $ 168.00K $ 0
    Mr. Ronald M. Shapiro , 57
    Chief Lending Officer, VP, Sr. VP of Center National Bank and Sr. Lending Officer of Union Center National Bank
    $ 174.00K $ 0
    Ms. Lori A. Wunder , 45
    VP and Sr. VP of The Union Center National Bank
    $ 136.00K $ 0
    Mr. William J. Boylan , 44
    VP and Sr. VP of Union Center National Bank
    $ 146.00K $ 0
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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