Republic First Bancorp is the holding company of the Republic First Bank, also referred to as just Republic Bank. The bank started out in 1988 and solely focused on commercial banking. For 20 years since the bank’s inception, it focused on providing businesses the financial products and services they need. It was not until 2008 that the business shifted its strategic efforts toward retail banking.
Republic Bank operates both as a commercial and a retail banking financial services company. It offers a wide range of financial services, including customary banking products like checking accounts, deposit accounts, interest-bearing demand accounts, certificates of deposits, money market accounts and individual retirement accounts, among others. Additionally, the business operates lending activities that cater to the needs of their consumers. It offers both secured and non-secured loans that come with various interest rates. The client base of the company includes customers, businesses and institutions.
The operations of the company are primarily focused on the Greater Philadelphia and in the Southern New Jersey regions. It operates 15 branch locations, 11 of which are in the state of Pennsylvania. It has branches in the counties of Delaware, Philadelphia, Montgomery and in Camden. As of December 2014, the business has reported its deposits to be around $1.1 billion. It takes pride in providing its customers ease in banking. By convenience, the business remains open 7 days a week and offers its basic services for free, including coin counting, personal checking and business checking and free ATM usage. Also, the business is one of those financial institutions that open early and close late.
It is in Philadelphia, Pennsylvania that the business holds its corporate office. The company is one of the components of the Wilshire 5000 Index and publicly trades on the NASDAQ Global Market. Common shares of the business are marketed using the ticker symbol FRBK.
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