First Bank Brings Community Banking to Pennington

Posted on Categories Finance, Member News, Ribbon Cuttings

First Bank (NASDAQ: FRBA) announced today that it has opened its fourth branch in Mercer County, New Jersey with a new branch in Pennington.

The full-service branch with deposit and lending services is located at 3 Tree Farm Road, in the Pennington Point shopping center.

“We’re excited to be part of the Pennington Community,” said First Bank President and CEO Patrick L. Ryan. “As a true community bank, everything we do is focused on building the communities in which we live, work and play. Branch Manager Ruth Powell brings 23 years of experience to the team, including many years as branch manager for Hopewell Community Bank and Northfield Bank in Pennington. In addition, she is a member of the Pennington Business and Professional Association and the MIDJersey Chamber of Commerce, where she has served on the Women in Business Committee.”

Powell oversees two tellers and an assistant branch manager in Pennington. The branch offers a drive-up ATM and the bank’s full range of financial solutions including:
– Personal deposit accounts
– Business deposit accounts
– Certificates of deposits
– Retirement accounts
– Cash management servicesCommercial lending
– Lines of credit
– Term loans
– Real estate loans

The bank will host a ribbon-cutting ceremony in Pennington on May 8th from 5:30 – 8:00 p.m.

Powell encourages residents and businesses alike to stop by and discuss their financial needs. First Bank is about developing long-term relationships, not pushing products to make a quick sale.

First Bank is a 15-branch community bank with $1.5 billion in assets and $1.2 billion in deposits as of March 31, 2018.

The bank offers traditional deposit and loan banking services for individuals, families and commercial clients. The bank has approximately 150 employees working throughout New Jersey in Gloucester, Hunterdon, Mercer, Middlesex, Somerset and Morris counties, as well as in Bucks County, Pennsylvania.

In October 2017, First Bank announced it has entered into a definitive agreement to acquire Delanco Bancorp, Inc., headquartered in Delanco, New Jersey. The transaction, which will expand First Bank’s footprint into Burlington County, New Jersey, is expected to close in the second quarter of 2018 and will add two full-service locations in Delanco and Cinnaminson.

To learn more about First Bank, visit firstbanknj.com.

About First Bank

First Bank (firstbanknj.com) is a New Jersey state-chartered bank with 15 full-service branches in Cranbury, Denville, Ewing, Flemington, Hamilton, Lawrence, Pennington, Randolph, Somerset and Williamstown, New Jersey, and Trevose, Doylestown, Warminster, Bensalem and Levittown, Pennsylvania. With $1.5 billion in assets as of March 31, 2018, 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.”