PHILADELPHIA, April 5, 2016 /PRNewswire/ -- Republic First
Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank,
today announced that two Vice Presidents of Commercial and
Industrial Lending, Matt Skilton and
Matt Moresco, have been promoted to
Team Leaders. This newly created role will support the bank's
overall growth strategy for its loan portfolio and retail deposit
base and ensures the continued development and synergy between
these two dynamic business lines.
"It's a pleasure to recognize and reward Matt Skilton and Matt
Moresco for their excellent work and tireless dedication to
consistently exceeding Customer expectations," said Harry Madonna, Chairman and CEO of Republic
Bank. "They embody Republic Bank's Customer-centric philosophy and
are helping to power our rapid expansion into more communities
across Philadelphia and southern
New Jersey. The new Team Leader
position, which allows for the seamless integration of our lending
and retail teams, is a testament to the many opportunities for
professional growth and advancement at Republic Bank."
Matt Skilton joined the Republic
Bank Commercial and Industrial Lending team in March 2009. With nearly a decade of experience at
Commerce Bank and TD Bank, Skilton's deep knowledge of the region
and the Republic Bank model allowed him to achieve immediate
success in his position. He has continued to build upon that
success and will now utilize his banking and financial industry
expertise to lead a team of lenders and partner with Center City and Northeast Philadelphia store managers to
further support the bank's growth plan. In 2015, Skilton was
honored by SmartCEO Philadelphia as a Money Manager Award
nominee.
Since June 2013, Matt Moresco has played an important role for
Republic Bank's Commercial and Industrial Lending team. Prior to
joining Republic Bank, he spent 17 years at Commerce Bank and TD
Bank. Moresco's progressive skills and his ability to develop
strong relationships with Customers help to develop the Republic
Bank brand and achieve regional expansion goals. He will now lead
suburban Pennsylvania lenders and
store managers to grow the bank's presence throughout the
region.
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. Republic Bank has two new
stores – one in Washington Township,
NJ and one in Wynnewood, PA
– set to open on Saturday, April 9.
New store locations are also 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.
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SOURCE Republic First Bancorp, Inc.