PHILADELPHIA, April 29, 2015 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that Eric Tweer was named Vice President Commercial Lender for Pennsylvania. In this role, Tweer will develop commercial lending opportunities for Republic Bank throughout the Delaware Valley. Most recently, Tweer was a Commercial Lender at Citibank where he executed on a strategic business plan to grow portfolio assets by marketing to multi-national commercial clients.
Prior to his time at Citibank, Tweer served as Vice President of Commercial Banking at TD Bank. While at TD Bank, he contributed to the success of the bank's middle market lending portfolio by cultivating high quality new credit opportunities while focusing on long-term relationship building through providing elite customer service.
"Eric Tweer brings twenty years of diverse lending experience to his new role, making him an ideal candidate for the position," said Harry Madonna, Chairman and CEO of Republic Bank. "He has worked at a number of banking institutions across the Philadelphia region, and has an excellent track record for building strong relationships with a variety of sophisticated clients. Eric's passion for client service and work ethic will be invaluable as we continue our expansive regional growth."
Tweer commented, "I am thrilled to be joining the Republic Bank team, especially during a time when it is experiencing such impressive growth. I look forward to embracing the bank's Customer-centric philosophy to provide our clients throughout Pennsylvania with the highest level of service and convenience."
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.