HAMILTON, NJ--(Marketwired - May 11, 2015) - Continuing its pattern of steady growth, First Bank (NASDAQ: FRBA) announced today that it has opened its 10
The new branch is located at 4956-66 Old Street Road in Trevose, which is conveniently located near the Trevose train station. To welcome the community, First Bank will be offering lunch and apple pie to all customers at the new branch from 11:30 a.m. to 1:30 p.m. May 11 through May 22.
First Bank was named one of the top 35 publicly traded small-cap banks by Sandler O'Neill and Partners and is one of the fastest growing small-cap banks in the area. The bank offers a traditional range of deposit and loan products to individuals and businesses in eastern Pennsylvania and throughout New Jersey.
"Bucks County is a great place to live, work and play, with a vibrant business community," said First Bank CEO Patrick L. Ryan. "Since First Bank prides itself on personalized service, we are eager to build relationships in the community so businesses and residents can experience our brand of banking firsthand. Knowing our customers helps us make faster, community-based banking decisions."
The branch and commercial loan office opened May 6 with six employees at the new location. First Bank had $731 million in assets and $1.7 million in earnings in the first quarter of 2015.
"The branch team is excited about the opportunity to introduce the residents and businesses in the Trevose market to First Bank's hometown style of banking," said Bob Gossenberger, Trevose branch manager. "The personal touch provided by our team of seasoned professionals in conjunction with the highly competitive products we offer, will provide customers with the opportunity to experience a rewarding banking relationship. We look forward to turning our new clients into highly satisfied customers who view our team as their partners in making their financial goals a reality."
"As a resident of Bucks County for over 20 years, I look forward to bringing First Bank's successful lending platform to the Pennsylvania market," added Marianne DeSimone, Commercial Lending Pennsylvania team leader. "I think that local businesses will appreciate our efforts to develop long term relationships, our streamlined approval process, and easy access to senior management. It's traditional community banking at its finest."
The staff's dedication and involvement brings about the strong sense of community involvement, trust and concern on which First Bank prides itself. The branch will deliver the bank's full range of financial solutions including:
- Personal deposit accounts
- Business deposit accounts
- Certificates of deposits
- Retirement accounts
- Cash management services
- Commercial mortgages
- Construction financing
- Lines of credit
- Term loans
One of the key values for First Bank is giving back to the communities it serves. First Bank tracks "corporate giving" to ensure that its philanthropy grows along with its assets. Last year's program generated more than $78,800 to various area nonprofits.
About First Bank
First Bank (www.firstbanknj.com) is a New Jersey state-chartered bank with ten full-service branches in Cranbury, Denville, Ewing, Hamilton, Lawrence, Randolph (2), Somerset and Williamstown, NJ and Trevose, PA. With $731 million in assets as of March 31, 2015, First Bank offers a traditional range of deposit and loan products to individuals and businesses throughout the New York City to Philadelphia, PA corridor. First Bank's common stock is listed on the Nasdaq Global Market under the symbol "FRBA".
Contact:
Ryan Manville
Ryan.Manville@FirstBanknj.com
609-643-4139
