PHILADELPHIA, March 17, 2016 /PRNewswire/ -- Republic
First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic
Bank, today announced the relocation of its long-standing
Ardmore store to a
newly-constructed store in Wynnewood,
PA. The Wynnewood store is
set to open on Saturday, April 9 –
the same day the bank's new location in Washington Township, NJ will open. This marks
the second time in less than one year that Republic Bank has opened
two new stores on the same day.
The new, stand alone Wynnewood
store features the bank's revolutionary signature, all-glass cube
prototype design. Customers will experience an increased
level of convenience with a drive thru and access to safe deposit
boxes 7 days a week at the new location. The Wynnewood store will fully embrace Republic
Bank's new branding by creating a more dynamic and welcoming
environment for Customers. Over the past three years, Republic Bank
has opened similar locations in New
Jersey as a part of its growth plan, "The Power of Red is
Back". This new store is the first of its kind in
Pennsylvania. As with all Republic
Bank locations, every detail of the new store focuses on providing
the highest level of convenience and Customer service.
"We have been looking forward to the opening of our Wynnewood store since construction began in
the fall," said Harry Madonna,
Chairman and Chief Executive Officer of Republic Bank. "Our Ardmore
store has exceeded our Customers' expectations on the Main Line for
many years, and we are confident that our new Wynnewood location and its signature store
design and added convenience will only enhance the great service we
already provide."
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 its new store openings planned
for this year in Moorestown, Medford, and a second
store in Cherry Hill, NJ. As one of the
largest Philadelphia-based retail banking institutions with 17
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 seventeen offices
located in Abington, Ardmore, Bala
Cynwyd, Plymouth Meeting,
Media and Philadelphia, Pennsylvania and Berlin, Cherry
Hill, Glassboro,
Haddonfield, Marlton and Voorhees
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.
CONTACT
Anthony Mallamaci
amallamaci@briancom.com
484-385-2926 (office)
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SOURCE Republic First Bancorp, Inc.