PHILADELPHIA, Jan. 27, 2015 /PRNewswire/ -- Republic First
Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank,
announced support to The Children's Hospital of Philadelphia (CHOP) through the Pennsylvania
Educational Improvement Tax Credit Program (EITC). In
addition, the regional banking leader surprised CHOP patients by
inviting the Mummers Golden Sunrise New
Year's Association to the hospital for a special performance
and a fun, decorative workshop.
"As a bank focused on supporting our local community, we take
great pride in supporting local organizations that are truly making
a difference in the lives of so many citizens in Philadelphia and South Jersey," said
Harry Madonna, Chairman and CEO of
Republic Bank. "CHOP is one of the world's leading research
hospitals, caring for thousands of children each year – we could
not be prouder to help make each child's stay just a bit
easier."
Republic Bank's donation will support CHOP's Hospital School
Program, which enables school-age children to continue their
education while in the hospital. Certified teachers work with
the patient's classroom teacher, as well as the child's medical
team, to provide educational services. Participating in the
program helps children stay on track in school and aims to reduce
stress brought on by hospitalization. The bank's donation
will also fund additional programs aimed at ensuring patients enjoy
the childhood experience even while receiving treatment or
recovering at CHOP.
Understanding that many of the children at the hospital were
unable to attend the Mummers New Year's
Day Parade, Republic Bank brought members of the Golden
Sunrise Fancy Division for a surprise visit. To the delight
of the patients, Golden Sunrise, dressed in their famously ornate
costumes, engaged with the children in a variety of fun activities,
including learning to perform the classic Mummers strut and helping
them to create their own festive hats.
"We are extremely grateful for Republic Bank's generosity and
commitment to ensuring that children treated at The Children's
Hospital of Philadelphia have the
best possible experience," said Steven M.
Altschuler, MD, chief executive officer of The Children's
Hospital of Philadelphia. "While
CHOP prides itself on caring for the "whole" child by providing
hospital-based education and activities to ease the hospital stay,
we could not achieve this without philanthropy from dedicated
companies like Republic Bank."
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.
For more information about Republic Bank visit
www.myrepublicbank.com.
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 fifteen 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 First Bancorp, Inc.