SOURCE: Center Bancorp, Inc.

November 27, 2007 15:16 ET

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

UNION, NJ--(Marketwire - November 27, 2007) - Center Bancorp, Inc. (NASDAQ: CNBC), parent company to Union Center National Bank of Union, New Jersey, announced today that the Board of Directors declared a quarterly cash dividend of $.09 per share This dividend declared is for the quarter ending December 31, 2007. The dividend will be distributed on February 1, 2008, to shareholders of record on January 18, 2008.

About Center Bancorp

Center Bancorp, Inc., through its wholly owned subsidiary, Union Center National Bank, Union, New Jersey, currently operates 14 banking locations. Banking centers are located in Union Township (6 locations), Berkeley Heights, Boonton/Mountain Lakes, Madison, Millburn/Vauxhall, Morristown (2 locations), Springfield, and Summit, New Jersey. Construction will begin shortly on a new banking location in Florham Park, New Jersey and plans are underway to add a branch in Cranford, New Jersey as well. The Bank also operates remote ATM locations in the Union, Chatham and Madison, New Jersey Transit train stations, Union Hospital and the Boys and Girls Club of Union.

Union Center National Bank is the largest commercial bank headquartered in Union County; it was chartered in 1923 and is a full-service banking company.

For further information regarding Center Bancorp, Inc., call 1-(800)-862-3683. For information regarding Union Center National Bank, visit our web site at http://www.centerbancorp.com

Contact Information

  • Investor Inquiries:
    Anthony C. Weagley
    President
    Center Bancorp, Inc
    (908) 206-2886