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Blue Chip Growth

Stock Report: () Report Updated: Sep 14, 2014 | Print This Page

Get more stock ratings by Louis Navellier

(CNBC)

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Company Profile

Center Bancorp, Inc. operates as the holding company for Union Center National Bank that provides various banking services to commercial, industrial, and governmental customers in New Jersey. It offers interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, certificates of deposit, and IRA accounts, as well as Christmas club accounts and vacation club accounts. The company also provides secured and unsecured loans, mortgage loans, home equity lines of credit, short and medium term loans, letters of credit, working capital loans, and real estate construction loans. In addition, it offers safe deposit boxes, money orders, and travelersí checks, as well as automated teller machine services, collection services, wire transfers, night depository, and lock box services, as well as various trust services. Further, the company, through its subsidiary, Center Financial Group LLC, provides financial services, including brokerage services, insurance and annuities, mutual funds, and financial planning services. Additionally, it offers various money market services; and deals in the U.S. Treasury and U.S. Governmental agency securities, certificates of deposit, commercial paper, and repurchase agreements. As of April 18, 2012, the company operated 12 banking locations in Union and Morris counties in New Jersey. Center Bancorp, Inc. was founded in 1982 and is based in Union, New Jersey.

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