“The Power of Red” Returns to New York City
July 03 2019 - 11:28AM
Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of
Republic Bank, will open its first store in New York City on July
12 with a festive two-day celebration. The beautiful new store is
located at 14th Street and 5th Avenue, the same location where an
incredibly popular Commerce Bank once stood prior to being
abandoned by TD Bank. Republic Bank is now bringing back the
legendary banking experience that New Yorkers have missed for
years, including providing the only absolutely free coin counting
machines in all of New York, with a fun-filled Grand Opening that
will welcome customers – and their pets – with music, live
entertainment and gifts.
Republic Bank’s expansion plan, referred to as
“The Power of Red is Back,” is led by Chairman Vernon W. Hill, II,
who founded Commerce Bank in 1973 and is often credited with
reinventing American banking. At a time when most banks are
shuttering stores and retreating from the communities they serve,
Republic Bank’s growth and customer-centric philosophy are
providing customers with an unmatched banking experience across
every channel, whether in-store, online or via mobile.
“Our incredible growth proves the strength of
the Republic model,” said Hill. “We look forward to providing New
York customers with unrivaled convenience and our legendary
customer service. The Power of Red is Back and this is only the
beginning of our rapid expansion throughout New York City.”
By embracing the same commitment to
extraordinary customer service, refined for the digital age,
Republic Bank will build upon the success Hill enjoyed in New York
with Commerce Bank. The Republic Bank model is already resonating
strongly in each community it serves, with new stores growing at
four times the industry average. Equally important, Republic Bank
is a leader in small business lending, ranking as one of the top
three SBA lenders in the tri-state area for the last five
years.
As part of Republic Bank’s continued expansion
throughout New York, the store will soon be followed by a second
location opening later this year at 51st Street and 3rd Avenue with
many more stores planned for the near future.
Republic Bank’s 27 convenient 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 and credit 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 27 offices
located in Atlantic, Burlington, Camden, and Gloucester Counties in
New Jersey and Bucks, Delaware, Montgomery and Philadelphia
Counties in Pennsylvania. The bank also offers a wide range of
residential mortgage products through its mortgage division, Oak
Mortgage Company. For more information about Republic Bank, please
visit www.myrepublicbank.com.
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.
CONTACTBill
Tierneybill@briancom.com 610-724-2204 (cell)
Republic First Bancorp (NASDAQ:FRBK)
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