Republic Bank Announces Growth in Bucks County

Rhea-AI Summary

Republic First Bancorp (NASDAQ: FRBK) has opened a new all-glass store in Bensalem, PA, marking its third location in Bucks County. This follows recent openings in Fairless Hills and Feasterville. The bank, recognized as America’s #1 Bank for Service by Forbes, aims to expand further in the region. The Bensalem store, which opened on September 12, 2020, is part of the bank's 'Power of Red is Back' growth initiative. Republic Bank offers extended hours and free customer services, ensuring convenience for clients.

Positive

• Opened new store in Bensalem, enhancing local presence.
• Ranked #1 for service by Forbes, boosting brand reputation.
• Expansion aligns with growth strategy 'The Power of Red is Back'.
• Offers extended hours and free checking services for customers.

Negative

• None.

PHILADELPHIA, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announces its continued growth in Bucks County with the Grand Opening of a new all-glass store in Bensalem, PA. The new location marks the bank’s third location in Bucks County, with stores recently opened in Fairless Hills and Feasterville.

Ranked America’s #1 Bank for Service, according to Forbes, Republic Bank began welcoming customers to its new store in Bensalem on Saturday, September 12 with an official ribbon-cutting ceremony attended by Bensalem Mayor Joseph DiGirolamo. Republic Bank’s rapidly expanding Bucks County footprint will be managed by Kathy Geissel, Retail Market Manager and Kevin Komelasky, Relationship Manager. A former Commerce Bank executive, Geissel brings more than four decades of local banking experience and deep connections to the business community. Komelasky also traces his banking roots to Commerce Bank, where he developed a strong track record for growing deposits and loans.

“As other banks withdraw from communities and cut services, we’re growing as our customer-centric model, which is resonating with customers in every region we serve,” said Vernon W. Hill, II, Chairman, Republic Bank. “After being named America’s #1 Bank for Service, we are thrilled to keep turning customers into FANS throughout Bucks County and beyond.”

Republic Bank continues to expand its footprint throughout Philadelphia, Southern New Jersey and New York City as part of its “The Power of Red is Back” growth plan. Republic Bank’s 31 stores are open seven days a week, 361 days a year, with extended lobby and drive-thru hours, providing customers incredible convenience and flexibility. The bank also offers absolutely free checking, ATM/Debit cards and credit 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 31 offices located in Atlantic, Burlington, Camden and Gloucester Counties in New Jersey; Bucks, Delaware, Montgomery and Philadelphia Counties in Pennsylvania and New York County in New York. 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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/14981d36-eeb3-4e35-b4b0-10f1cadfa837

CONTACT
Kelli Sheatsley
610-349-6910