PHILADELPHIA, April 5, 2016 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that two Vice Presidents of Commercial and Industrial Lending, Matt Skilton and Matt Moresco, have been promoted to Team Leaders. This newly created role will support the bank's overall growth strategy for its loan portfolio and retail deposit base and ensures the continued development and synergy between these two dynamic business lines.
"It's a pleasure to recognize and reward Matt Skilton and Matt Moresco for their excellent work and tireless dedication to consistently exceeding Customer expectations," said Harry Madonna, Chairman and CEO of Republic Bank. "They embody Republic Bank's Customer-centric philosophy and are helping to power our rapid expansion into more communities across Philadelphia and southern New Jersey. The new Team Leader position, which allows for the seamless integration of our lending and retail teams, is a testament to the many opportunities for professional growth and advancement at Republic Bank."
Matt Skilton joined the Republic Bank Commercial and Industrial Lending team in March 2009. With nearly a decade of experience at Commerce Bank and TD Bank, Skilton's deep knowledge of the region and the Republic Bank model allowed him to achieve immediate success in his position. He has continued to build upon that success and will now utilize his banking and financial industry expertise to lead a team of lenders and partner with Center City and Northeast Philadelphia store managers to further support the bank's growth plan. In 2015, Skilton was honored by SmartCEO Philadelphia as a Money Manager Award nominee.
Since June 2013, Matt Moresco has played an important role for Republic Bank's Commercial and Industrial Lending team. Prior to joining Republic Bank, he spent 17 years at Commerce Bank and TD Bank. Moresco's progressive skills and his ability to develop strong relationships with Customers help to develop the Republic Bank brand and achieve regional expansion goals. He will now lead suburban Pennsylvania lenders and store managers to grow the bank's presence throughout the region.
Building on the momentum of its aggressive growth plan, coined "The Power of Red is Back," Republic Bank continues to rapidly expand its regional footprint. Republic Bank has two new stores – one in Washington Township, NJ and one in Wynnewood, PA – set to open on Saturday, April 9. New store locations are also planned for this year in Moorestown, Medford, and a second store in Cherry Hill, NJ. As one of the largest Philadelphia-based retail banking institutions with 17 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 seventeen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Berlin, Cherry Hill, Glassboro, Haddonfield, Marlton and Voorhees, 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.
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SOURCE Republic First Bancorp, Inc.