Brief: Unity Bancorp Believes It Will Likely Incur Higher Provisions For Loan Losses And Slower Loan Demand, Portfolio Growth, Effecting At Least Q1 & Q2

Unity Bancorp

27/03/2020 18:07

March 27 (Reuters) - Unity Bancorp Inc  UNTY.O :
    * UNITY BANCORP - BELIEVES IT WILL LIKELY INCUR HIGHER
PROVISIONS
FOR LOAN LOSSES AND SLOWER LOAN DEMAND, PORTFOLIO GROWTH,
EFFECTING AT LEAST Q1 & Q2
    * UNITY BANCORP - DOES NOT EXPECT ITS RESULTS OF OPERATIONS
FOR AT
LEAST Q1 & Q2 WILL TRACK WITH CO’S HISTORICAL PERFORMANCE

Source text: [ID:https://bit.ly/2JiK8Wt]
Further company coverage:  UNTY.O 

 ((Reuters.Briefs@thomsonreuters.com;))