PHILADELPHIA, Feb. 28, 2017 /PRNewswire/ -- Republic First
Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank,
today announced that Sharon Hammel
has been promoted to Chief Retail Officer. In this role, Hammel is
responsible for the growth of the store network, as well as overall
retail banking, consumer lending, store administration, marketing
and product management.
"Over her career spanning more than three decades in banking,
Sharon has demonstrated a tireless commitment to meeting customer
needs and exceeding their expectations," said Harry Madonna, CEO of Republic Bank. "She has
played an integral role in the bank's recent growth and will be
instrumental as we continue to expand our footprint throughout
New Jersey and Philadelphia."
Hammel joined Republic Bank in 2012 as Senior Vice
President/Senior Retail Market Manager where, under her leadership,
the bank experienced rapid momentum with core deposits growing more
than 87 percent. Before her tenure at Republic Bank and following a
22-year career with Commerce Bank, Hammel also served as Senior
Vice President/Senior Director of Relationship Banking at
Beneficial Bank. In this role, she oversaw a key merger when
Farmers and Mechanics was acquired by Beneficial.
"It is rewarding to be part of a dynamic growth organization
focused on exceeding customer expectations," said Hammel. "Retail
banking has always been my core focus, and I've worked to embrace
it with integrity and passion. With this expanded role, I will have
a greater impact in enhancing our deposit growth and customer
experience."
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. The bank has plans to open a second
location in Cherry Hill, NJ, as well as five other locations
in 2017. As one of the largest Philadelphia-based retail
banking institutions with 19 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 19 offices located in
Abington, Bala Cynwyd, Center
City Philadelphia, Mayfair, Media, Plymouth
Meeting, Torresdale and Wynnewood,
Pennsylvania and Berlin,
Cherry Hill, Glassboro, Haddonfield, Marlton, Moorestown, Voorhees and Washington Township, 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.