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Center Bancorp, Inc. Announces New Commercial Lending Team

UNION, N.J., Aug. 20, 2013 (GLOBE NEWSWIRE) -- Center Bancorp, Inc. (Nasdaq:CNBC) (the "Corporation", or "Center"), parent company of Union Center National Bank ("UCNB" or the "Bank"), announced the hiring of a commercial lending team, Linda Parish, and Martin Whalen, who will assist Center in expanding its commercial & industrial loan portfolio.

"We are thrilled to welcome these successful professionals to our banking team that will be able to hit the ground running, and complement our existing management team," said Anthony C. Weagley, President & CEO. "We have confidence that collectively, they will put us in a position to successfully grow the market in all aspects of business development."

Linda Parish has been in banking for over 25 years starting out at Goldman Sachs AG, and with large money center banks such as JPMorgan Chase Bank and Bank of America, where she was a vice president and commercial banker specializing in middle market banking and commercial growth. Most recently she held the position of Senior Member and Director of Commercial Landmarks, LLC in Long Branch, NJ.  At Commercial Landmarks, Ms. Parish specialized in consulting and negotiating financing for clients needing debt and/or equity. Linda Parish is a graduate of the University of Notre Dame, and of the University of Zurich, Switzerland.  She also holds a NJ Real Estate License. Linda is active in her community volunteering with various nonprofits. Linda resides in Fair Haven, NJ.

Martin Whalen's career span encompasses over 26 years in banking and commercial real estate financing including at CB Richard Ellis, Lehman Brothers, and Morgan Stanley. Mr. Whalen lead project finance initiatives for both proprietary and advisory clients for real estate investment and development firms at Brookstone Realty Advisors, and was vice president for real estate finance and securitization at Credit Suisse, USA in New York.  Martin Whalen, MAI, was educated at the Berklee College of Music, Boston, and at New York University's continuing education programs in Finance where he was an Assistant Adjunct Professor in Real Estate Valuation. He holds a NJ Real Estate License and State Appraisal Certifications for New Jersey, New York and Connecticut.

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