Unity Bancorp in Clinton, N.J., has registered to sell up to $50 million in securities over time.
The $1.1 billion-asset company disclosed in a regulatory filing Friday that it could issue common and preferred stock, subordinated debt, depositary shares, warrants and units.
Unity's certificate of incorporation allows it to issue up to 12 million shares of common stock and 500,000 shares of preferred stock. As of June 30 the company had issued about 8.5 million shares of common stock and no preferred stock.
Unity said it expects to use any net proceeds from general corporate purposes, which could include acquisitions, capital expenditures, investments, supporting additional lending and redeeming debt.