Bailout Bank Bio: Center Bancorp, Inc.

Jan 27, 2009 | 1 min read | Print Article

Center Bancorp, Inc. is a one-bank holding company of The Union Center National Bank (the Bank) its principal subsidiary. As of the end of 2007, Center Bancorp operated 13 sites in Union Township, Springfield Township, Berkeley Heights, Vauxhall, Summit, Madison, Boonton/Mountain Lakes, and Morristown, New Jersey. The company is based in Union, New Jersey. Center Bancorp will receive $10 million through the Treasury Department’s Capital Purchase Program.

Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles

Bailout Bank Bio: Center Bancorp, Inc.


Federal Equity Investment	$10 million
Total Revenue	$56.50 million (2007)
Net Income	$3.856 million (2007)
Number of Employees	172
Corporate Headquarters	Union, New Jersey
Business Sector	Financial
Officers and Directors	Weagley, Anthony, President, Chief Executive Officer, Chief Financial Officer of the Company Other Officers and Directors
Corporate Website	http://www.centerbancorp.com/
Executive Compensation	Center Bancorp, Inc.