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Republic Bank Wins First Place in Overall Quality at New Jersey Banking Choice Awards

1154 Days ago

PHILADELPHIA, May 01, 2019 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, was recognized by the New Jersey Banking Choice Awards as the top bank for overall quality in the state. Republic Bank also received the following honors for its services to Southern New Jersey: First Place, Overall Quality; Second Place, Technology; and Second Place, Customer Service.

According to BankHorizons, the Banking Choice Awards are based upon the results of the Banking Benchmarks®, an unbiased, comprehensive measure of banking customer experience. Survey respondents are part of a statistically representative sample of households and businesses in New Jersey, based on geography, gender, income, ethnicity, and age profile of the state. The double-blind survey asks respondents up to 53 different metrics about each institution they use for banking services including: Overall Quality, Customer Service, Tools & Technology and Community Contribution. Rankings for Overall Quality, Customer Service and Technology are based on people’s responses concerning their primary banking institution.

Vernon W. Hill, II, Chairman of Republic Bank, commented: “We invest in the customer experience at every level and across all platforms as we strive to create new FANS. A key pillar of our business model is Quality Service, and we are proud to receive these honors from the New Jersey Banking Choice Awards.”

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. 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.

Bill Tierney
484-385-2985 (office)

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