First Priority Bank Launches Professional Line of Credit

MALVERN, Pa., Aug. 16 /PRNewswire/ -- Mary Ann Messmer, President of First Priority Bank, announced that the Bank has launched a new unsecured Line of Credit for the busy professional.

The Line of Credit, with a maximum borrowing amount of $50,000 for business purposes, is available to creditworthy professionals at a rate of Prime plus .99% with a rate floor of 4.25%.  Offering total flexibility, customers can access the Line of Credit by writing a check, calling the bank to request a transfer, or by initiating a transfer through online banking.  The Line can also be linked to a First Priority checking account to provide overdraft protection.

For full details, call the Bank at 877-766-0354.

First Priority Bank, a wholly owned subsidiary of First Priority Financial Corp (FPFC), is headquartered in Malvern, PA.  The Bank, with approximately $250 million in assets, was chartered in November, 2005, and opened for business to the public in January, 2006 as a full service commercial bank providing personal and business lending, deposit products, and wealth management services through its offices in Malvern, Wyomissing, Newtown, Blue Bell and Plumsteadville, PA.  The common stock of FNFC is not currently traded on the open market.  First Priority Bank's website can be accessed at http://www.fpbk.com.

SOURCE First Priority Bank