Center Bancorp, Inc. is a holding company of Union Center National Bank (the Bank). The Bank offers a range of lending, depository and related financial services to commercial, industrial and governmental customers. The Bank has full trust powers, enabling it to offer a variety of trust services to its customers. In the lending area, the Bank�s services include short and medium term loans, lines of credit, letters of credit, working capital loans, real estate construction loans and mortgage loans. In the depository area, the Bank offers demand deposits, savings accounts and time deposits. It also offers collection services, wire transfers, night depository and lock box services. The Bank offers interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement account (IRA) automated teller machine (ATM). On August 1, 2012, its wholly owned subsidiary, Union Center National Bank, acquired Saddle River Valley Bank.