This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Center Bancorp, Inc. Announces Raymond Vanaria Appointed To Vice-Chairman And Other Announcements

UNION, N.J., Jan. 31, 2011 (GLOBE NEWSWIRE) -- Center Bancorp, Inc. (Nasdaq:CNBC), the parent company for Union Center National Bank ("UCNB" or the "Bank"), announced today that at their December 2010 board meetings, the Boards of Directors of Center Bancorp and UCNB appointed Raymond Vanaria to the newly created position of Vice-Chairman of the Board of both entities.

Mr. Vanaria has served on the Boards of Center Bancorp and UCNB since May 2007 and also serves as Chairman of the Audit and Compliance Committees.

Ray Vanaria is a CPA and partner with Malesardi, Quackenbush, Swift & Co. LLC. He joined that firm in 1983, after spending several years with Price Waterhouse as a staff accountant.  In 1989, Mr. Vanaria was admitted to the partnership.  Mr. Vanaria holds a Masters of Business Administration degree from Fairleigh Dickinson University.

Alexander A. Bol, Chairman of the Board, indicated that, "In his tenure with Center, Raymond Vanaria has been an indispensable member of the board and will serve in his new role with the goal of providing back-up and support in the event that the Chairman is unable to perform specific responsibilities."

In a separate announcement on January 27, 2010 Alan Straus was named to the Investment Committee, ALCO Committee, Nominating Committee and Executive Committee of the Boards of Directors of the Company and the Bank. As well as Phyllis Klein being named to the Audit Committee and Compliance Committee of the Boards of Directors of the Company and the Bank.

Center is also pleased to announce the promotions of UCNB Officers, Joseph D. Gangemi to Vice President and Assistant Portfolio Manager in addition to his other responsibilities, Filomena Darocha to Assistant Vice President of our Summit Banking Center and Jose Solorzano to Assistant Vice President and Collections Officer.

About Center Bancorp

Center Bancorp, Inc. is a bank holding company which operates Union Center National Bank, its main subsidiary. Chartered in 1923, Union Center National Bank is one of the oldest national banks headquartered in the state of New Jersey and currently the largest commercial bank headquartered in Union County. Its primary market niche is its commercial banking business. The Bank focuses its lending activities on commercial lending to small and medium-sized businesses, real estate developers and high net worth individuals.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs