First Resource Bank Acquires Future Branch Location

Aug 22, 2012, 13:42 ET from First Resource Bank

EXTON, Pa., Aug. 22, 2012 /PRNewswire/ -- First Resource Bank (OTC Bulletin Board: FRSB) is pleased to announce the acquisition of 844 Paoli Pike, West Chester PA, which will be the site of our next retail branch location.  The Bank will be temporarily leasing the property back to the seller until they can move into another facility, which should occur no later than May 2014.

Glenn Marshall, President & CEO, stated; "We're excited to add this West Goshen Township location as the home of our second branch.  The West Chester market represents significant potential for both commercial and retail customer growth.  We already have many loan customers in this area and are thrilled to be able to support them on the deposit side with this full service location.  We will use the lease back period to plan our renovations to the existing building for a summer/fall 2014 opening."

About First Resource Bank

First Resource Bank is a locally owned and operated Pennsylvania state-chartered bank, serving the banking needs of businesses, professionals and individuals in Chester County, Pennsylvania. The Bank offers a full range of deposit and credit services with a high level of personalized service. First Resource Bank also offers a broad range of traditional financial services and products, competitively priced and delivered in a responsive manner to small businesses, professionals and residents in the local market. For additional information visit our website at Member FDIC.

This press release contains statements that are not of historical facts and may pertain to future operating results or events or management's expectations regarding those results or events.  These are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934.  These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts.  When used in this press release, the words "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", or words of similar meaning, or future or conditional verbs, such as "will", "would", "should", "could", or "may" are generally intended to identify forward-looking statements.  These forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are either beyond our control or not reasonably capable of predicting at this time.  In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the results discussed in these forward-looking statements.  Readers of this press release are accordingly cautioned not to place undue reliance on forward-looking statements.  First Resource Bank disclaims any intent or obligation to update publicly any of the forward-looking statements herein, whether in response to new information, future events or otherwise.

SOURCE First Resource Bank