PHILADELPHIA, Nov. 28,
2016 /PRNewswire/ -- For the third year in a row, Republic First
Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank,
celebrated Small Business Saturday by honoring a valued small
business customer on November 26. On
a day that generates more than $16
billion in sales for small businesses across the country,
Republic Bank chose to honor Serendipity of Haddonfield, by
organizing employees from its Haddonfield location to surprise Serendipity's
customers and reward them for spending their dollars locally.
Serendipity is a gift boutique (located at 127 Kings Highway
East) which sells brands like Lilly Pulitzer, Vera Bradley and Crabtree & Evelyn.
"At Republic Bank, we truly believe in investing in and giving
back to the communities that we serve. For the past three years,
we've been ranked the top SBA lender in the tri-state area and
finished as one of the top 50 SBA lenders in the nation," said
Harry Madonna, chairman and CEO of
Republic Bank. "Small businesses are the backbone of our local
economies and we love the opportunity to champion their cause. For
this reason, we're proud to, once again, show our support and join
with the other 95 million Americans shopping on Small Business
Saturday."
At the celebration, Republic Bank staff – joined by its friendly
mascot R Dog – gathered outside Serendipity, encouraging passersby
to support the store and the many other small businesses that line
Kings Highway. To incentivize people to shop at the longtime
Haddonfield mainstay, its
employees also purchased and distributed 50 $10 Serendipity gift certificates 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.
Serendipity owner Diann Wilson
commented, "When I took over Serendipity more than four years ago,
I was immediately impressed with Republic Bank's commitment to its
customers. As a small business owner, convenience and flexibility
in a banking partner are crucial – and nice people are a bonus! The
Republic Bank team continues to exceed my expectations, and I can't
thank them enough for their support on this special day."
Republic Bank's Haddonfield
location and its other 18 stores are open 7 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 and access to
more than 55,000 surcharge free ATMs worldwide. Building on the
momentum of its aggressive growth plan, coined "The Power of Red is
Back," Republic Bank opened three new stores in 2016 and continues
to rapidly expand its regional footprint with several new locations
planned for the next year in , southern NJ and southeastern PA.
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, Mayfair, Media, Philadelphia, 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.