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PHILADELPHIA, May 13, 2019 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, opened a store at 305 E. Street Road in Feasterville, PA on Saturday, May 11. The location is the latest addition to the bank’s store network in Bucks County. Republic Bank is slated to have significant growth in the second half of the year with four new locations planned, including two in New York City.
“In 2019, Republic Bank is remaining firmly committed to our ‘The Power of Red Is Back’ expansion plan – giving more people access to the ultimate convenience and customer service we’re known for,” said Harry Madonna, Chairman and CEO of Republic Bank. “We look forward to becoming a part of the community and assisting Feasterville residents with their personal and business banking needs.”
At every store opening, Republic Bank partners with a local non-profit. In honor of the new store in Feasterville, the bank will make a donation to the Feasterville Fire Company to show support for the community and the individuals who keep it safe.
Building on the momentum of its aggressive growth plan, referred to as "The Power of Red is Back," Republic Bank continues to rapidly expand its footprint and recently announced plans to open stores in New York City in 2019. As one of the largest Philadelphia-based retail banking institutions with 27 convenient locations regionally, Republic Bank stores are open seven days a week, 361 days a year, with extended lobby and drive-thru hours, providing customers with the longest hours of any bank in the area. The bank also offers absolutely free checking, free coin counting, ATM/Debit cards issued on the spot and access to more than 55,000 surcharge free ATMs worldwide via the Allpoint network.
About Republic Bank
Republic Bank is the operating name for Republic First Bank. Republic First Bank is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through its 27 offices located in Atlantic, Burlington, Camden, and Gloucester Counties in New Jersey and Bucks, Delaware, Montgomery and Philadelphia Counties in Pennsylvania. The bank also offers a wide range of residential mortgage products through its mortgage division, Oak Mortgage Company. For more information about Republic Bank, please visit www.myrepublicbank.com.
Forward Looking Statements
Republic First Bancorp, Inc. ("the Company") may from time to time make written or oral "forward-looking statements", including statements contained in this release and in the Company's filings with the Securities and Exchange Commission. These forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. These factors include competition, timing, credit risks of lending activities, changes in general economic conditions, price pressures on loan and deposit products, and other factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward-looking statement, whether written or oral that may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.
SOURCE: Republic First Bancorp, Inc.