HAMILTON, N.J., April 26, 2012 /PRNewswire/ -- First Bank (OTC BB: FRBA) today announced that Patrick M. Ryan was appointed Vice Chairman of the Board of Directors. Mr. Ryan previously served as President and CEO of Yardville National Bank prior to its sale to PNC Bank in 2007.
Mr. Ryan was added to the Board of Directors in 2011. Mr. Ryan has over 40 years of commercial and community bank experience. As the CEO of Yardville National Bank he oversaw the development of the bank from 4 branches to 35 branches. Yardville National Bank had $2.6 billion in assets at the time of the sale to PNC.
About First Bank
First Bank (www.firstbanknj.com) is a New Jersey, state-chartered bank, which conducts its business with four full-service branches in Ewing, Hamilton, Lawrence, and Williamstown, New Jersey. With $265 million in assets as of December 31, 2011, First Bank offers a range of deposit and loan products to individuals and businesses in its Central and Southern New Jersey markets. First Bank's common stock is quoted on the OTC Bulletin Board under the symbol "FRBA."
This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the company's control and could impede its ability to achieve these goals. These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, and results of regulatory exams, among other factors.
SOURCE First Bank