"The Power of Red" Continues as Republic Bank Strengthens New Jersey Lending Team
PHILADELPHIA, Nov. 5, 2014 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced Don Colligan as Vice President, Commercial Lender for the bank's South Jersey market. In this role, Colligan will maintain current and develop new commercial loan relationships.
Colligan began his financial services career nearly 20 years ago as a Commercial Loan Officer at Commerce Bank (now TD Bank), developing relationships and managing a growing loan portfolio. While at Commerce he managed a commercial lending group with a loan portfolio in excess of $150 million. Most recently, Colligan served as Senior Vice President and Senior Relationship Manager at Sun National Bank.
"I'm a lifetime resident of South Jersey and a proud graduate of Rowan University," said Colligan. "The banking industry in South Jersey is dynamic and I'm confident that my local expertise will assist Republic Bank in rapidly growing its footprint. I look forward to being a part of an exceptional team and delivering first-class Customer service throughout the South Jersey region."
Currently, Republic Bank is part of an aggressive growth plan, coined "The Power of Red is Back." During the last 12 months, Republic Bank has opened a new store in Cherry Hill, relocated stores in Voorhees, NJ and Media, PA, and renovated its flagship store in Center City Philadelphia. A new store is scheduled to open in Glassboro in December, followed by new stores in Marlton and Berlin in early 2015. The bank expects extensive growth in the next two years 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.
As one of the largest Philadelphia-based retail banking institutions with 14 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 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
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