PHILADELPHIA, May 16, 2013 /PRNewswire/ -- Republic First
Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic
Bank, today announced it has received all regulatory approvals to
continue its South Jersey expansion.
(Logo:
http://photos.prnewswire.com/prnh/20100707/PH31611LOGO)
Our third South Jersey location will be a new Cherry Hill store located on Route 70.
In addition, our existing Voorhees store will be relocated to a new site
at the corner of White Horse Road and Laurel Oak Road in
Voorhees Township.
Both locations will utilize the new Republic Bank prototype
building and will open in the Fall of 2013.
(Photo: http://photos.prnewswire.com/prnh/20130516/PH15661 )
Harry Madonna, Chairman and CEO
of Republic Bank commented, "While Republic will be expanding and
adding new stores throughout Metro Philadelphia, Southern New Jersey will be our primary market
for new stores. We look forward to expanding our footprint in the
South Jersey and Metro Philadelphia communities by providing
premier products, services, and conveniences together with
outstanding customer service."
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 twelve offices located
in Abington, Ardmore, Bala
Cynwyd, Plymouth Meeting,
Media and Philadelphia, Pennsylvania and 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.