PHILADELPHIA, March 17, 2016 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the relocation of its long-standing Ardmore store to a newly-constructed store in Wynnewood, PA. The Wynnewood store is set to open on Saturday, April 9 – the same day the bank's new location in Washington Township, NJ will open. This marks the second time in less than one year that Republic Bank has opened two new stores on the same day.
The new, stand alone Wynnewood store features the bank's revolutionary signature, all-glass cube prototype design. Customers will experience an increased level of convenience with a drive thru and access to safe deposit boxes 7 days a week at the new location. The Wynnewood store will fully embrace Republic Bank's new branding by creating a more dynamic and welcoming environment for Customers. Over the past three years, Republic Bank has opened similar locations in New Jersey as a part of its growth plan, "The Power of Red is Back". This new store is the first of its kind in Pennsylvania. As with all Republic Bank locations, every detail of the new store focuses on providing the highest level of convenience and Customer service.
"We have been looking forward to the opening of our Wynnewood store since construction began in the fall," said Harry Madonna, Chairman and Chief Executive Officer of Republic Bank. "Our Ardmore store has exceeded our Customers' expectations on the Main Line for many years, and we are confident that our new Wynnewood location and its signature store design and added convenience will only enhance the great service we already provide."
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 its new store openings planned for this year in Moorestown, Medford, and a second store in Cherry Hill, NJ. As one of the largest Philadelphia-based retail banking institutions with 17 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 seventeen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Berlin, Cherry Hill, Glassboro, Haddonfield, Marlton and Voorhees 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.
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SOURCE Republic First Bancorp, Inc.