Boston, MA 03/11/2014 (wallstreetpr) – Republic First Bancorp, Inc. (NASDAQ:FRBK) has taken up its commitment of providing world class services to its customers by opening a revolutionary banking store in Cherry Hill N.J. The new store is the first branch to feature the bank’s distinctive design that is made up of an eye catching all glass cube and will be the bank’s third location in New Jersey and the 14th location in Philadelphia.
Republic First Bancorp, Inc. (NASDAQ:FRBK) continues with its aggressive expansion plan in the greater New Jersey area as it strives to meet more customer needs. The bank is also gearing up for expansion in Moorestown Mount Holly Medford as well as Mount holly. Republic First Bancorp plans to build up, on its recent success in Pennsylvania as it strives to provide extended hours during the seven working days of the week
Republic First Bancorp growth in the banking industry
Republic First Bancorp, Inc. (NASDAQ:FRBK) has been growing steadily in the market with the bank experiencing a loan growth of 5% over the last quarter. This was mainly attributed to the government guaranteed small business administration originations. The bank assets are approximately $1 billion in value as the bank prepares to open a new branch in Voorhees on May 10. The new branches are aimed at providing a completely new look while delivering same service and convenience.
The new openings have seen a resurgence in new accounts that have exceeded expectations according to the bank’s chief executive. The stream in new customers into the bank has been attributed to free checking, free ATM’s and the atrium entranceway that people are finding out to be quite enticing. Republic bank now has 14 new branches including stores distributed in Bala Cywyd, Plymouth Meeting Media and Philadelphia.
Republic First Bancorp, Inc. (NASDAQ:FRBK) was up and running in Monday opening session with its shares going up by 2.56% to close the day at $4.40
