Republic Bank Releases Small Business Pulse Survey Results, Plans to Surprise & Delight Haddonfield Shoppers
November 22 2017 - 12:51PM
Republic First Bancorp, Inc. (NASDAQ:FRBK), the parent company of
Republic Bank, today released the results of its Small Business
Pulse Survey, which surveyed more than 200 small business owners
across the tri-state footprint of Pennsylvania, New Jersey and
Delaware. The survey was commissioned to gauge small business
owners’ sentiments regarding the health of their companies, the
state of the local economy, banking preferences and more. In
addition, Republic Bank announced plans to continue its annual
tradition of surprising and delighting local proprietors and
shoppers to celebrate Small Business Saturday. This year, the bank
will be bringing its festive Street Team to Haddonfield to honor
Inwood Books and the Running Company, providing free gift cards to
encourage residents to shop small.
“As one of the top three SBA lenders in the
tri-state area for the last four years, we love championing small
businesses and highlighting the incredible role they play in our
neighborhoods,” said Harry Madonna, chairman and CEO of Republic
Bank. “Inwood Books and the Running Company are perfect examples of
how small businesses fuel our economy and make our communities more
vibrant. The small business survey provides a unique opportunity to
garner the thoughts of entrepreneurs on a variety of issues,
helping us shine a light on what matters to them and how we can
help support their growth.”
The Small Business Pulse Survey reveals that,
overall, small business owners in the tri-state area have a
positive outlook on the local economy, with 70 percent of
respondents reporting they were optimistic or very optimistic.
Equally important, 83 percent are planning to invest in their
business over the next 12 months, citing hiring, developing new
products and service offerings, and technology infrastructure
upgrades as the top targets for capital. Other survey highlights
include 49 percent of small business owners adopting pet-friendly
work policies, and 88 percent of owners finding the in-store
banking experience to be important to the success of their
business.
Small Business Saturday, held each year on the
Saturday between Black Friday and Cyber Monday, was enjoyed by more
than 100 million Americans last year with spending eclipsing $15
billion. Joining in on the fun, Republic Bank’s friendly mascot R
Dog and staff will incentivize shoppers along Kings Highway in
downtown Haddonfield with $10 gift cards and special invitations to
the bank’s "Worth the Switch" program. This program provides new
customers a $20 bonus when they open an "absolutely free"
checking or savings account at Republic Bank.
Building on the momentum of its aggressive
growth plan, referred to as "The Power of Red is Back," Republic
Bank continues to rapidly expand its regional footprint. This year,
Republic Bank has opened three new stores in New Jersey and will
also open a new store location in Fairless Hills, PA by the end of
2017. As one of the largest Philadelphia-based retail banking
institutions with 22 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 22 offices
located in Burlington, Camden, and Gloucester Counties in New
Jersey and Delaware, Montgomery and Philadelphia Counties in
Pennsylvania. In addition, Republic Bank offers a wide range of
mortgage products through its wholly owned subsidiary, Oak Mortgage
Company.
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.
CONTACTBill Tierney
bill@briancom.com (484) 385-2985
Republic First Bancorp (NASDAQ:FRBK)
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