SOURCE: First Bank

First Bank

February 17, 2016 09:46 ET

First Bank Opens New Branch in Flemington

Familiar Faces Staff Location; Ribbon Cutting Set for March 1

FLEMINGTON, NJ--(Marketwired - February 17, 2016) - First Bank (NASDAQ: FRBA) announced today that it has expanded into Hunterdon County with a new branch in Flemington.

The full-service branch with deposit and lending services is located at 334 Route 31 in Flemington within the Prestige Plaza.

"We have local staff at the branch who really understand the needs of the Flemington area," said Patrick Ryan, CEO of First Bank. "Our branch manager, Brent Cronnell, was a former manager for TD Bank and his coverage area included this location and the branch's assistant manager, Brian Ballentine, was the manager of a PNC branch just down the road. At our Hamilton headquarters, Gene McCarthy, our newest market executive, has strong ties in the Flemington area and the former Yardville National Bank."

New customers are invited for a free lunch weekdays February 22 - March 11 from 11:30 a.m. to 1:30 p.m. A ribbon cutting is scheduled for March 1.

"This location has great visibility in a high-traffic area and it was a very successful location before the prior bank moved out. Flemington is an excellent market and we have connections in the area from our Yardville Bank days," Ryan added.

First Bank's Flemington branch brings the passion of being sincerely connected to each and every customer they encounter personally, as well as professionally. 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 lending
  • Lines of credit
  • Term loans
  • Real estate loans

First Bank (NASDAQ: FRBA) is the fastest growing Mid-Atlantic-based bank according to data compiled from business-intelligence firm SNL Financial during the last 36 months, as of October 2015. Additionally, First Bank ranked sixth out of 432 community banks (<$1B 2015 assets) based on asset-growth rate in the United States.

When compared to 104 other Mid-Atlantic community banks, First Bank grew the fastest, totaling 140 percent growth in its assets from the second quarter of 2012 to the same quarter in 2015. Total reported assets in the second quarter of 2012 were $314.9 million, which grew to $757 million in the second quarter of 2015.

About First Bank

First Bank (www.firstbanknj.com) is a New Jersey state-chartered bank with 10 full-service branches in Cranbury, Denville, Ewing, Flemington, Hamilton, Lawrence, Randolph, Somerset and Williamstown, New Jersey, and Trevose, Pa. With $808 million in assets as of September 30, 2015, 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."

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