SOURCE: First Bank

June 05, 2007 10:34 ET

First Bank Announces Results of First Month of Operation

WILLIAMSTOWN, NJ--(Marketwire - June 5, 2007) - First Bank (OTCBB: FRBA) announced the results of their first month of operation. The bank opened officially on April 30, 2007 and reported that total assets grew to $11,000,000 with $4,000,000 in loans and $3,000,000 in deposits. President James W. Loney indicated the bank's grand opening party on April 28, 2007 was very successful and he is extremely pleased with the reception of the local community.

First Bank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small to mid-sized businesses primarily in Gloucester, Atlantic and Camden counties. First Bank's deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC). First Bank's common stock is traded over the counter (OTC) under the symbol FRBA.

Contact Information

  • Contact:
    James W. Loney
    President & CEO