‘Personal Bankers’ Expand Footprint in West Chester, Fairfield
HAMILTON, N.J.—First Bank announced today that the community bank plans to open new branches in New Jersey and Pennsylvania to help retirees, families, small businesses, and entrepreneurs by providing added convenience with the same great customer service.
The new branches in Fairfield, New Jersey, and West Chester, Pennsylvania, support the community bank’s commitment to the neighborhoods that it serves by providing greater access throughout its New York City to Philadelphia footprint. First Bank’s tagline, “Personal Bankers. Real Relationships”, captures the thoughtful approach behind every customer interaction.
“We continue to bring relationship-based, personal banking to more towns,” said First Bank President and CEO Patrick L. Ryan. “We listen carefully, ask questions and deliver solutions -solving problems, not selling products. We give clients access to decision-makers, and a place where market executives have real authority to build meaningful relationships that last. That’s the foundation for a true community bank.”
The new, street-level West Chester location, which will open its doors on March 6, will be a full-service branch that provides the benefits of a community bank, including a night drop, ATM and a drive-thru for added convenience.
The Fairfield branch, which will open its doors on April 3, will serve as the community bank’s North Jersey headquarters. The site will have a commercial-loan team of decision-makers who will strive to build long-term relationships within the community through prompt service, sage guidance and kept promises.
First Bank is committed to supporting Main Street. When the business community needed help the most during the pandemic, First Bank helped provide nearly 2000 small businesses with critical Paycheck Protection Program relief, totaling about $300 million to save jobs on Main Street.
Expanding Services for Business Owners
First Bank continues to expand services to support entrepreneurs. The community bank has added resources for private equity groups and their portfolio companies to cover the full life cycle. More recently, the bank has introduced a new specialty financing group that offers asset-based lending, which helps business owners and entrepreneurs turn illiquid assets into more capital.
Supporting entrepreneurs is part of First Bank’s history. Ryan was part of an investment group that recapitalized First Bank with $20 million in late 2008. His vision was clear: Build a community bank focused on providing best-in-class services and access to capital for business owners and entrepreneurs in the New York City to Philadelphia corridor. Based on its most recent quarterly filing, First Bank has $2.73 billion in assets. From year-end 2007, First Bank’s first year of operation, the Bank has delivered a 41% compounded annual growth rate in total assets.
Ryan was awarded EY’s Entrepreneur of the Year 2022 New Jersey Award.
To learn more about First Bank, visit firstbanknj.com or firstbankpa.com.
About First Bank
First Bank (firstbanknj.com) is a New Jersey state-chartered bank with 18 full-service branches throughout New Jersey in Burlington, Gloucester, Hunterdon, Mercer, Middlesex, Somerset and Morris counties, as well as in Bucks and Chester counties in Pennsylvania. With $2.73 billion in assets as of December 31, 2022, 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 exchange under the symbol “FRBA.”
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