PHILADELPHIA, Sept. 12, 2016 /PRNewswire/ -- Republic
First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic
Bank, opened its new store in Moorestown,
N.J. at 230 Marter Avenue on Saturday, September 10. This marks the third new
location the bank has opened in 2016, with growth driven by
Customers' demand for the best banking experience in the region.
The store's Grand Opening also marks the start of Republic Bank's
donation program benefitting Live Civilly, an organization founded
by local Moorestown children who
wanted to help fight hunger and homelessness in their community.
This program continues Republic Bank's tradition of partnering with
local nonprofits for each store opening, further proving its
commitment to the communities it serves.
The Moorestown store is a
stand-alone location which boasts a drive-thru and will feature the
bank's signature, all-glass cube design, creating a beautiful and
inviting environment for Customers. As with all Republic Bank
locations, every detail of the new store focuses on exceeding
Customers' expectations while providing the highest level of
convenience. With a commitment to strategic physical expansion,
Republic Bank pioneers a revolutionary banking experience and has
opened seven similar locations across Pennsylvania and New
Jersey since 2014.
"Our team is thrilled to be opening our Moorestown store – the second location we've
built in New Jersey this year,"
said Harry Madonna, Chairman and
Chief Executive Officer of Republic Bank. "It is clear that our
convenient, Customer-centric philosophy is widely embraced by each
community we serve. We have put together an exceptional team to
manage not only this store, but our further expansion into
New Jersey, and I am confident
that they will provide the outstanding customer service for which
we have become known. We look forward to welcoming the residents of
Moorestown to this location,
turning our newest Customers into Fans."
Building on the momentum of its aggressive growth plan, coined
"The Power of Red is Back," Republic Bank continues to rapidly
expand its regional footprint with more store openings planned for
the coming months in Medford and Cherry Hill, N.J. – its second location in the
town. As one of the largest Philadelphia-based retail
banking institutions with 19 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.
For more information about Republic Bank visit
myrepublicbank.com.
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 19 offices located in
Abington, Bala Cynwyd, Plymouth Meeting, Media, Philadelphia and Wynnewood, Pennsylvania and Berlin, Cherry
Hill, Glassboro,
Haddonfield, Marlton, Moorestown, Voorhees and Washington Township, New Jersey.
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.
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SOURCE Republic First Bancorp, Inc.