Unity Bancorp Receives Approval from U.S. Treasury to Repurchase Remaining Portion of its TARP Preferred Stock (Unity Bancorp Inc)

(Source: Unity Bancorp Inc) CLINTON, N.J., July 1, 2013/PRNewswire/ -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced today that it has received approval of its application from the U.S. Department of Treasury (the "Treasury") to redeem the remaining 10,325 shares of  preferred stock issued in connection with the Company's participation in the Treasury's Capital Purchase Program ("CPP").  On July 3, 2013, the Company will pay $10.4 millionto the Treasury to repurchase 10,325 shares of the preferred stock, including accrued and unpaid dividends for the shares.  The redemption of these shares is not subject to additional...