PHILADELPHIA, Jan. 27, 2015 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, announced support to The Children's Hospital of Philadelphia (CHOP) through the Pennsylvania Educational Improvement Tax Credit Program (EITC). In addition, the regional banking leader surprised CHOP patients by inviting the Mummers Golden Sunrise New Year's Association to the hospital for a special performance and a fun, decorative workshop.
"As a bank focused on supporting our local community, we take great pride in supporting local organizations that are truly making a difference in the lives of so many citizens in Philadelphia and South Jersey," said Harry Madonna, Chairman and CEO of Republic Bank. "CHOP is one of the world's leading research hospitals, caring for thousands of children each year – we could not be prouder to help make each child's stay just a bit easier."
Republic Bank's donation will support CHOP's Hospital School Program, which enables school-age children to continue their education while in the hospital. Certified teachers work with the patient's classroom teacher, as well as the child's medical team, to provide educational services. Participating in the program helps children stay on track in school and aims to reduce stress brought on by hospitalization. The bank's donation will also fund additional programs aimed at ensuring patients enjoy the childhood experience even while receiving treatment or recovering at CHOP.
Understanding that many of the children at the hospital were unable to attend the Mummers New Year's Day Parade, Republic Bank brought members of the Golden Sunrise Fancy Division for a surprise visit. To the delight of the patients, Golden Sunrise, dressed in their famously ornate costumes, engaged with the children in a variety of fun activities, including learning to perform the classic Mummers strut and helping them to create their own festive hats.
"We are extremely grateful for Republic Bank's generosity and commitment to ensuring that children treated at The Children's Hospital of Philadelphia have the best possible experience," said Steven M. Altschuler, MD, chief executive officer of The Children's Hospital of Philadelphia. "While CHOP prides itself on caring for the "whole" child by providing hospital-based education and activities to ease the hospital stay, we could not achieve this without philanthropy from dedicated companies like Republic Bank."
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.
For more information about Republic Bank visit www.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 fifteen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and 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.