PHILADELPHIA, May 14, 2015 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that Bruce Krah was named Vice President Commercial Real Estate Lender. In this role, Krah will develop commercial real estate business opportunities in the Pennsylvania and Southern New Jersey markets. Most recently, Krah was a Senior Commercial Lending Officer at Malvern Federal Savings Bank where he effectively managed and developed commercial real estate transactions through to settlement and spearheaded new initiatives to increase annual loan volume production.
Prior to his time at Malvern Federal, Krah served as President of Greystone Financial Group, where he serviced the local and nationwide customer base and developed programs that contributed to the growth and expansion of the business. While at Greystone, Krah also structured credit underwriting and processing, managed relationships with funding partners and increased customer retention.
"Bruce Krah's diverse leadership experience, coupled with his ability to contribute to successful growth and development will make him an excellent addition to our ever-expanding commercial lending team," said Harry Madonna, Chairman and CEO of Republic Bank. "His senior-level experiences at both banking institutions and commercial real estate firms exhibit his versatility and wide range of expertise. Bruce has demonstrated the ability to develop and maintain investor and customer relationships, which will prove to be an invaluable skill in this role. "
"I am excited for the opportunity to utilize my commercial real estate lending experience at such an innovative and fast-growing company," Krah commented. "At Republic Bank, an incredible emphasis is placed on being true team members to their Customers, working with them every step of the way to ensure they exceed their banking expectations. I look forward to joining the team and further embracing this Customer-centric philosophy to drive growth."
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 new stores under construction in Evesham Township and Berlin, NJ. New store locations are planned for the next year in Washington Township, Moorestown, Medford, Gloucester Township and a second store in Cherry Hill, NJ. In addition, relocation is underway of its Ardmore store to an innovative all-glass store in Wynnewood, PA. As one of the largest Philadelphia-based retail banking institutions with 15 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 15 offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Glassboro, Cherry Hill, Voorhees and Haddonfield, 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.
SOURCE Republic First Bancorp, Inc.