Center Bancorp, Inc. Delcares Quarterly Cash Dividend of $0.09 Per Share.

Business Editors

UNION, N.J.--(BUSINESS WIRE)--May 22, 2003

Center Bancorp Inc. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence)
CNBC Consumer News and Business Channel
CNBC Congress of National Black Churches, Inc. ) parent company to Union Center National Bank of Union, New Jersey, announced that the Board of Directors declared a quarterly cash dividend of $.09 per share, for the quarter ending June June: see month. 30, 2003. The dividend will be distributed on August 1, 2003, to shareholders of record on July 18, 2003

The dividend declared reflects the increase previously approved and announced by the Board of Directors. The quarterly cash dividend rate reflects an increase of approximately 5.9%, from the former rate of $.085 per share. The former rate of $.085 per share reflects the 2-for-1 stock split payable on June 1, 2003.

Center Bancorp Inc., through its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners. , Union Center National Bank, Union, New Jersey operates thirteen banking locations. Banking centers are located in Union Township There are many townships named Union Township in the United States: Michigan

Union Charter Township, Michigan
Union Township, Branch County, Michigan
Union Township, Grand Traverse County, Michigan

Minnesota

(6 locations), and one each in Berkeley Heights, Madison, Millburn/Vauxhall, Morristown (2 locations), Springfield, and Summit New Jersey. The Bank also operates remote ATM locations in the Union New Jersey Transit The New Jersey Transit Corporation (NJ Transit) is a statewide public transportation system serving the state of New Jersey, and Orange and Rockland counties in New York. It operates bus, light rail, and commuter rail services throughout the state, notably connecting to major train station and in Union Hospital in Union. Union Center National Bank is the largest nationally chartered commercial Bank headquartered in Union County; chartered in 1923 and is a full service banking company.

For further information regarding Center Bancorp Inc., call 800/862-3683. For information regarding Union Center National Bank visit our web site at http://www.centerbancorp.com.

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Publication:	Business Wire
Geographic Code:	1U2NJ
Date:	May 22, 2003
Words:	234
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