Center Bancorp Inc (NASDAQ:CNBC)

Center Bancorp, Inc. operates as a holding company. The company operates through its subsidiary, Union Center National Bank which offers a broad range of lending, depository and related financial services to commercial, industrial and governmental customers. In the lending area, its 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 company offers demand deposits, savings accounts and time deposits. In addition, it offers collection services, wire transfers, night depository and lock box services. Center Bancorp also provides a broad range of consumer banking services, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, certificates of deposit, IRA accounts, Automated Teller Machine accessibility using Star Systems, Inc. service, secured and unsecured loans, mortgage loans, home equity lines of credit, safe deposit boxes, Christmas club accounts, vacation club accounts, money orders and travelers' checks. The bank, through its subsidiary, Center Financial Group LLC, provides financial services, including brokerage services, insurance and annuities, mutual funds and financial planning. It also offers various money market services. It deals in U.S. Treasury and U.S. Governmental agency securities, certificates of deposit, commercial paper and repurchase agreements. The company also operates other subsidiaries, including an advertising subsidiary; an insurance subsidiary offering annuity products, property and casualty, life and health insurance, and various investment subsidiaries which hold, maintain and manage investment assets for the corporation. Center Bancorp was founded on November 12, 1982 and is headquartered in Union, NJ.