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Unity Bank to Open New Branch in Lake Hiawatha

Expanding Presence into Morris County

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PARSIPPANY — Unity Bank, a community bank, is set to open a new full-service branch in Lake Hiawatha, marking its first location in Morris County and its third new retail banking site since December. The branch, located at 66 North Beverwyck Road, will bolster Unity Bank’s retail banking footprint to 21 branches across various New Jersey and Pennsylvania counties.

With its established business and residential lending programs in Morris County, the expansion of Unity Bank’s retail services aligns with its strategic growth plans. The bank aims to tap into the growing population and opportunities in Morris County, particularly in the residential mortgage lending sector. Unity Bank recognizes the enduring importance of branch-level banking services, especially for small business owners still relying on in-person banking services.

The Lake Hiawatha branch is scheduled to open in the summer, and Unity Bank is currently offering customer incentives for online account opening before the official launch of the retail location. Interested individuals can find more information about the promotion at unitybank.com/lakehiawatha.

The new branch, previously operated by Blue Foundry Bank, spans 3,864 square feet and features dedicated parking spaces, drive-up banking, and ATM services. Unity Bank recently expanded into Fort Lee in Bergen County and Lakewood in Ocean County, further diversifying its presence. The bank currently holds around $2.5 billion in assets and $1.8 billion in deposits.

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Frank L. Cahill
Frank L. Cahill
Publisher of Parsippany Focus since 1989 and Morris Focus since January 1, 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, Lt. Governor Division 9 Kiwanis Club of NJ, and Chairman of Parsippany-Troy Hills Economic Development Advisory Board.
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