Republic Bank Announces New Store Locations, Continuing South Jersey Expansion

PHILADELPHIA, Oct. 16, 2014 /PRNewswire/ --Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, has announced that it obtained approvals in two New Jersey towns – Berlin and Evesham – for construction to begin on the bank's newest store locations. Building on the success of its revolutionary stores recently opened in Cherry Hill and Voorhees, New Jersey, both locations will feature the innovative, all-glass cube design, a testament to Republic Bank's commitment to world-class service and convenience. These distinctive stores will welcome Customers into an engaging and inviting banking atmosphere.

The Berlin store will be located on Route 73 South at the entrance to the Berlin Circle Plaza Shopping Center and the Evesham store will sit on Route 70 East, with direct access to Old Marlton Pike. Both stores are scheduled to open early in 2015, with construction beginning in November of this year.

Republic Bank's aggressive expansion through its "The Power of Red is Back" growth plan continues to gain momentum and within in the last calendar year, stores have experienced relocation, renovation or new-build in Media and Philadelphia, PA, as well as Cherry Hill and Voorhees, NJ. The bank expects extensive growth in the next two years, and with anticipated additional store locations in Moorestown, Mount Holly, Medford, Gloucester Township, Sicklerville and Washington Township. Republic Bank also plans to add a second store in Cherry Hill.

"We value all of our Customers and we are particularly excited to continue our growth in South Jersey," said Harry Madonna, Chairman and Chief Executive Officer of Republic Bank.  "Our Customer-centric philosophy is gaining great traction as consumers seek out a banking experience that offers the highest level of service in convenient and beautiful stores. Earlier this year, we opened in Cherry Hill and Voorhees to great fanfare and success. Next year, we are proud to bring our renowned service and benefits to the residents of Berlin and Evesham."

As one of the largest Philadelphia-based retail banking institutions with 14 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 fourteen 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 Bank

Related Links

https://www.myrepublicbank.com

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