"The Power of Red" expansion strategy continues with the bank's third new location in 2017
PHILADELPHIA, Sept. 13, 2017 /PRNewswire/ -- On Saturday, September 9, Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, opened a new store at 2 Skeet Road in Medford, NJ. Featuring the bank's signature all-glass cube design, this marks the third location opened this year in South Jersey – including the recently opened Sicklerville store and the bank's second location in Cherry Hill. The bank plans to open one more store this year in Fairless Hills, PA with additional stores planned in early 2018 including Gloucester Township, and Lumberton, NJ. Republic Bank continues its rapid expansion throughout the Greater Philadelphia region.
"As our growth strategy continues to build momentum, it's rewarding to see how strongly our customer-centric service model is resonating throughout the region," said Harry D. Madonna, Chairman and CEO of Republic Bank. "By providing Burlington County with increased access to Republic Bank's convenient banking services, we look forward to exceeding the expectations of customers in Medford and its surrounding communities."
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 regional footprint. As one of the largest Philadelphia-based retail banking institutions with 22 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 22 offices located in Burlington, Camden, and Gloucester Counties in New Jersey and Delaware, Montgomery and Philadelphia Counties in Pennsylvania. In addition, Republic Bank offers a wide range of mortgage products through its wholly owned subsidiary, Oak Mortgage Company
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 Bank
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