Republic Bank Announces 3-Year Community Reinvesetment Grant Donation to Margate Terrace Senior Living in Partnership with Senior Secure
05 Julho 2023 - 10:00AM
Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company
Republic First Bank d/b/a Republic Bank (the “Bank”) is proud to
announce a significant donation from the Bank in the form of a
3-year grant to Margate Terrace Senior Living Apartment Building.
This initiative is part of Republic Bank’s dedication to the
Community Reinvestment Act (CRA) and is being executed in
collaboration with Senior Secure, an effort focused on providing
protection against elder abuse and enhancing the quality of life
for seniors.
Margate Terrace, a senior living apartment building for
low-to-moderate income residents, has been serving the Jersey Shore
community for 28 years. With the generous grant from Republic Bank,
Margate Terrace will further amplify its ongoing efforts in
creating a safe, comfortable, and thriving environment for its
residents.
During a special ceremony held at Margate Terrace, Retail Market
Manager Leslie DiLuigi and CRA Development Manager Christina Nugent
presented the grant on behalf of Republic Bank. Their presence
underscored the Bank's unwavering commitment to investing in the
community.
"We are delighted to join forces with Senior Secure and present
this substantial grant to Margate Terrace," said EVP and Chief
Retail Officer Sharon Hammel. "At Republic Bank, we recognize the
importance of supporting the well-being of our senior community
members. The Community Reinvestment Act lies at the heart of this
meaningful endeavor. We aim to create a safer and more enriching
environment for the residents of Margate Terrace, promoting their
overall quality of life."
The 3-year grant will be utilized to enhance Margate Terrace's
existing programs and facilities, enabling them to provide an
improved quality of life for the residents. It will contribute to
the expansion of safety measures, social engagement activities, and
health and wellness initiatives, ensuring that the seniors living
at Margate Terrace receive the care and support they deserve.
Republic Bank provides banking services at three convenient
locations along the Jersey Shore: Ocean City, Northfield, and
Somers Point.
About Republic BankRepublic Bank is the
operating name for Republic First Bank. Republic First Bank is a
full-service, state-chartered commercial bank, whose deposits are
insured up to the applicable limits by the Federal Deposit
Insurance Corporation (FDIC). The Bank provides diversified
financial products through its 33 offices located in Atlantic,
Burlington, Camden, Cape May, and Gloucester Counties in New
Jersey; Bucks, Delaware, Montgomery and Philadelphia Counties in
Pennsylvania, and New York City. For more information about
Republic Bank, please visit myrepublicbank.com.
Forward-Looking Statements
This press release, and oral statements made regarding the
subjects of this release, contains “forward-looking statements”
within the meaning of the Securities Litigation Reform Act of 1995,
or the Reform Act, which may include, but are not limited to,
statements regarding the Company’s estimates, plans, objectives,
expectations and intentions and other statements contained in this
press release that are not historical facts, including statements
identified by words such as “believe,” “plan,” “seek,” “expect,”
“intend,” “estimate,” “anticipate,” “will,” and similar
expressions. All statements addressing the Company’s ability to
regain compliance with the Nasdaq listing requirements and future
operating results are forward-looking statements within the meaning
of the Reform Act. The forward-looking statements are based on
management’s current views and assumptions regarding future events
and operating performance, and are inherently subject to
significant uncertainties and contingencies and changes in
circumstances, many of which are beyond the Company’s control. The
statements in this press release are made as of the date of this
press release, even if subsequently made available by the Company
on its website or otherwise. The Company does not undertake any
obligation to update or revise these statements to reflect events
or circumstances occurring after the date of this press release.
You should carefully review the risk factors described in the Form
10-K for the year ended December 31, 2021 and other documents the
Company files from time to time with the Securities and Exchange
Commission.
Contacts:
Longacre Square Partners Greg Marose / David
Reingold gmarose@longacresquare.com/ dreingold@longacresquare.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1609987a-8fab-4134-af69-84de9b7feb1c
Republic First Bancorp (NASDAQ:FRBK)
Gráfico Histórico do Ativo
De Fev 2025 até Mar 2025
Republic First Bancorp (NASDAQ:FRBK)
Gráfico Histórico do Ativo
De Mar 2024 até Mar 2025