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Republic Bank Opens New Store in Lumberton, NJ

1155 Days ago

PHILADELPHIA, March 28, 2019 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, opened a store at 1544 Route 38 in Lumberton, NJ on Saturday, March 23. The new location features Republic Bank’s signature all-glass cube design and is the third South Jersey store to open in the last 12 months. As part of its overall growth strategy, Republic Bank will expand into the New York City market later this year and plans to open approximately six new stores in 2019.

“With each new store we open, we are offering communities more reasons to love their bank again,” said Harry Madonna, Chairman and CEO of Republic Bank. “We are proud to open our Lumberton location and provide residents with the ultimate banking experience, turning customers into fans of our brand.”

To commemorate the Lumberton grand opening, Republic Bank will make a donation to the Lumberton Township Emergency Squad, tied to the number of accounts opened within the store’s first 30 days of operation. The donation supports the bank’s mission to give back to the communities in which it serves while showing appreciation for the individuals who help to 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 into New York City in 2019. As one of the largest Philadelphia-based retail banking institutions with 26 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 26 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.

Carly Buggy
484-385-2934 (office)

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