Unity Bancorp buys $27.60 million of federal investment tax credits
Unity Bancorp Inc filed with the SEC that it purchased $27.60 million of federal investment tax credits on Sept. 10. The filing was referenced alongside its NASDAQ listing.
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Unity Bancorp Inc filed with the SEC that it purchased $27.60 million of federal investment tax credits on Sept. 10. The filing was referenced alongside its NASDAQ listing.
The bank purchased about $27.6 million of transferable federal investment tax credits. It expects a one-time $2.5 million reduction in income tax expense.