PHILADELPHIA, Nov. 5, 2014 /PRNewswire/ -- Republic First
Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic
Bank, today announced Don Colligan
as Vice President, Commercial Lender for the bank's South
Jersey market. In this role, Colligan will maintain current
and develop new commercial loan relationships.
Colligan began his financial services career nearly 20 years ago
as a Commercial Loan Officer at Commerce Bank (now TD Bank),
developing relationships and managing a growing loan
portfolio. While at Commerce he managed a commercial lending
group with a loan portfolio in excess of $150 million. Most recently, Colligan
served as Senior Vice President and Senior Relationship Manager at
Sun National Bank.
"I'm a lifetime resident of South Jersey and a proud graduate of
Rowan University," said Colligan.
"The banking industry in South Jersey is dynamic and I'm confident
that my local expertise will assist Republic Bank in rapidly
growing its footprint. I look forward to being a part of an
exceptional team and delivering first-class Customer service
throughout the South Jersey region."
Currently, Republic Bank is part of an aggressive growth plan,
coined "The Power of Red is Back." During the last 12 months,
Republic Bank has opened a new store in Cherry Hill, relocated stores in Voorhees, NJ and Media, PA, and renovated its flagship store in
Center City Philadelphia. A new store is scheduled to open in
Glassboro in December, followed by
new stores in Marlton and
Berlin in early 2015. The
bank expects extensive growth in the next two years with
anticipated additional store locations in Moorestown, Mount
Holly, Medford,
Gloucester Township, Sicklerville and Washington Township.
Republic Bank also plans to add a second store in Cherry
Hill.
As one of the largest Philadelphia-based retail banking institutions
with 14 convenient locations, 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 fourteen
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.
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SOURCE Republic Bank