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Center Bancorp's Private Banking Division Announces Strategic Partnership With Alexander, Troy & Co.


Jan 9 - Center Bancorp Inc. (Nasdaq:CNBC), parent company of Union Center National Bank, announced the creation of a strategic partnership between the bank's Private Banking Division and Alexander, Troy & Company, Family Office Services, of Katonah, N.Y. Alexander, Troy & Company, run by the firm's principal and founder, Peter Chryssos, provides customized financial and administrative services to high-net worth individuals.

"We are privileged to partner with Alexander Troy & Company which, like UCNB, is focused on its distinctive clients," said Anthony C. Weagley, president and CEO of UCNB. "The Private Banking Division at Union Center National Bank provides unparalleled personal attention and an exceptional range of products and services, such as this new partnership," continued Weagley. "We continuously seek ways to evolve and innovate our client's banking experience. It is through our passion for our work, and embodying the principles of integrity, tradition, trust and excellence, that we earn the privilege of long-term relationships with clients and the community," added Weagley.

AT&Co., created in 1989 to serve the personal finance needs of Chryssos' clients residing in New York, New Jersey and Connecticut, is excited about expanding its business management and concierge services to meet the needs of Union Center National Bank's Private Banking clients.

"We are honored and humbled to become partners with an organization like UCNB whose unparalleled commitment to their customers has been a longstanding tradition," said Chryssos. "We look forward to serving UCNB's Private Banking clients in the manner to which they've become accustomed and to bringing several new offerings which enhance the Private Banking menu of services," added

About Center Bancorp Inc.
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 now ranks as the third largest national bank headquartered in the state. Union Center National Bank is 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.