SOURCE: First Bank

First Bank

March 12, 2014 16:18 ET

First Bank Announces Hiring of New Chief Operating Officer

HAMILTON, NJ--(Marketwired - March 12, 2014) - First Bank (NASDAQ: FRBA) announced today the hiring of Ryan K. Manville as the new Chief Operating Officer. The Chief Operating Officer position had been open since Patrick L. Ryan was promoted to President and CEO on January 1, 2013.

Mr. Manville, age 41, comes to First Bank from American Express where he spent ten years working in various departments including Strategic Analysis and Testing, Global Merchant Services, and Global Advertising and Brand Management. Prior to American Express Mr. Manville worked as a Consultant at McKinsey and Company in the Florham Park Office. At McKinsey he worked on a variety of projects including the development of market expansion and growth strategies as well as sales force optimization studies. Mr. Manville began his career as a nuclear submarine officer for the United States Navy. Mr. Manville has a Masters of Business Administration from the Kellogg School of Management at Northwestern University and a Bachelor of Science in Electrical Engineering from Tufts University.

President and Chief Executive Officer Patrick L. Ryan said, "We are extremely excited to have Ryan join the executive management team here at First Bank. He brings tremendous energy, intelligence, and analytical rigor to the organization. He is exactly the type of next-generation leader we were looking for and he will play a key role in our growth and development going forward."

About First Bank

First Bank ( is a New Jersey state-chartered bank with eight full-service branches in Denville, Ewing, Hamilton, Lawrence, Randolph (2) Somerset, and Williamstown, New Jersey. First Bank offers a traditional range of deposit and loan products to individuals and businesses throughout the New York City to Philadelphia corridor. First Bank's common stock is listed on the Nasdaq Global Market under the symbol "FRBA".

This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond First Bank's control and could impede its ability to achieve these goals. These factors include those listed in our Registration Statement on Form 10 under the caption "Item 1A- Risk Factors", and general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, and results of regulatory exams, among other factors.

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