First Resource Bank Announces Special Cash Dividend

Mar 26, 2014, 08:00 ET from First Resource Bank

EXTON, Pa., March 26, 2014 /PRNewswire/ -- First Resource Bank (OTC Bulletin Board: FRSB) announced that the Board of Directors has declared a special cash dividend of three cents ($0.03) per share to shareholders of record as of April 11, 2014. The payment date for the dividend will be April 25, 2014.

President & CEO, Glenn B. Marshall stated, "On behalf of the Board of Directors, we are thrilled to pay the first cash dividend in the Bank's history. 2013's record earnings coupled with 2014's branch expansion mark significant milestones in addition to this first cash dividend. These three accomplishments demonstrate our constant focus on shareholder value."

About First Resource Bank First Resource Bank is a locally owned and operated Pennsylvania state-chartered bank, serving the banking needs of businesses, professionals and individuals in Chester County, Pennsylvania. The Bank offers a full range of deposit and credit services with a high level of personalized service. First Resource Bank also offers a broad range of traditional financial services and products, competitively priced and delivered in a responsive manner to small businesses, professionals and residents in the local market. For additional information visit our website at Member FDIC.

This press release contains statements that are not of historical facts and may pertain to future operating results or events or management's expectations regarding those results or events.  These are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934.  These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts.  When used in this press release, the words "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", or words of similar meaning, or future or conditional verbs, such as "will", "would", "should", "could", or "may" are generally intended to identify forward-looking statements.  These forward-looking statements are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are either beyond our control or not reasonably capable of predicting at this time.  In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the results discussed in these forward-looking statements.  Readers of this press release are accordingly cautioned not to place undue reliance on forward-looking statements.  First Resource Bank disclaims any intent or obligation to update publicly any of the forward-looking statements herein, whether in response to new information, future events or otherwise.         

SOURCE First Resource Bank