Republic Bank Hires Two New Executives in New York
Republic First Bancorp, Inc. (NASDAQ: FRBK) announced the hiring of two executives to bolster its New York City operations. Jeffrey Wall, with over 30 years of banking experience, joins as Senior Vice President, Relationship Manager for Commercial Real Estate. John Barrett, who brings 24 years of expertise in business development, assumes the role of Vice President, Relationship Manager. CEO Vernon W. Hill, II, emphasized the value these hires will add to the bank's growth and market presence.
- Hiring seasoned executives may enhance client relations and business development.
- Expansion of the New York team could lead to increased market presence.
- Concerns about continuity and experience gaps as the company undergoes leadership changes.
PHILADELPHIA, March 23, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the hiring of two New York City-based executives. Jeffrey Wall will serve as Senior Vice President, Relationship Manager Commercial Real Estate and John Barrett joins as Vice President, Relationship Manager.
Wall is a seasoned bank executive with over 30 years of experience originating, underwriting and administering business and real estate loans. He began his career as a commercial loan officer at Fleet Bank in 1990 before working in various leadership positions at banks across New York.
Barrett has more than 24 years of proven contributions in new business development, sales management and staff development. He has spent the last two decades working at several reputable financial institutions throughout Metropolitan New York leading client relations and wealth management, most recently serving as a Senior Relationship Manager for TD Bank.
“John and Jeff are key additions to our growing New York team,” said Vernon W. Hill, II, CEO and Chairman of Republic Bank. “Their ability to consistently exceed goals and effectively lead and motivate teams, combined with the business relationships they’ve cultivated throughout their careers, will contribute greatly to our expanding presence in the market.”
In 2020, Republic Bank was named America’s #1 Bank for Service in a national consumer satisfaction survey commissioned by Forbes. Whether banking in-person, online, via mobile or over the phone, Republic Bank delivers an unmatched customer experience and its modern stores, long hours, dog-friendly policies and free services such as coin counting set it apart from competitors large and small. The 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 33 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 33 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.
CONTACT
Kelli Sheatsley
ksheatsley@briancom.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26cc7d0d-1293-405a-a496-82cfba9dec44
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