PHILADELPHIA, Sept. 12, 2016 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, opened its new store in Moorestown, N.J. at 230 Marter Avenue on Saturday, September 10. This marks the third new location the bank has opened in 2016, with growth driven by Customers' demand for the best banking experience in the region. The store's Grand Opening also marks the start of Republic Bank's donation program benefitting Live Civilly, an organization founded by local Moorestown children who wanted to help fight hunger and homelessness in their community. This program continues Republic Bank's tradition of partnering with local nonprofits for each store opening, further proving its commitment to the communities it serves.
The Moorestown store is a stand-alone location which boasts a drive-thru and will feature the bank's signature, all-glass cube design, creating a beautiful and inviting environment for Customers. As with all Republic Bank locations, every detail of the new store focuses on exceeding Customers' expectations while providing the highest level of convenience. With a commitment to strategic physical expansion, Republic Bank pioneers a revolutionary banking experience and has opened seven similar locations across Pennsylvania and New Jersey since 2014.
"Our team is thrilled to be opening our Moorestown store – the second location we've built in New Jersey this year," said Harry Madonna, Chairman and Chief Executive Officer of Republic Bank. "It is clear that our convenient, Customer-centric philosophy is widely embraced by each community we serve. We have put together an exceptional team to manage not only this store, but our further expansion into New Jersey, and I am confident that they will provide the outstanding customer service for which we have become known. We look forward to welcoming the residents of Moorestown to this location, turning our newest Customers into Fans."
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 with more store openings planned for the coming months in Medford and Cherry Hill, N.J. – its second location in the town. As one of the largest Philadelphia-based retail banking institutions with 19 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.
For more information about Republic Bank visit myrepublicbank.com.
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 19 offices located in Abington, Bala Cynwyd, Plymouth Meeting, Media, Philadelphia and Wynnewood, Pennsylvania and Berlin, Cherry Hill, Glassboro, Haddonfield, Marlton, Moorestown, Voorhees and Washington Township, 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.