Republic Bank Announces Major South Jersey Expansion
PHILADELPHIA, May 16, 2013 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced it has received all regulatory approvals to continue its South Jersey expansion.
Our third South Jersey location will be a new Cherry Hill store located on Route 70.
In addition, our existing Voorhees store will be relocated to a new site at the corner of White Horse Road and Laurel Oak Road in Voorhees Township.
Both locations will utilize the new Republic Bank prototype building and will open in the Fall of 2013.
(Photo: http://photos.prnewswire.com/prnh/20130516/PH15661 )
Harry Madonna, Chairman and CEO of Republic Bank commented, "While Republic will be expanding and adding new stores throughout Metro Philadelphia, Southern New Jersey will be our primary market for new stores. We look forward to expanding our footprint in the South Jersey and Metro Philadelphia communities by providing premier products, services, and conveniences together with outstanding customer service."
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 twelve offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Voorhees and Haddonfield, 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.
SOURCE Republic First Bancorp, Inc.