As last week's Weekly Adviser mentioned, Hubco, the $1.4 billion New Jersey-based holding company, is one of America's few unionized banks. Yet CEO Ken Neilson seems to take the situation in stride, and it does little or nothing to deter profitability.

Until the bank started growing in the mid-1980s, it was entirely organized. Now 13 of 45 branches that are unionized - with the rest showing no apparent interest in becoming bargaining units.

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