| Business Summary | | Republic
First
Bancorp,
Inc.
is
a
two-bank
holding
company.
Its
wholly
owned
subsidiaries,
First
Republic
Bank,
and
Republic
First
Bank
of
Delaware
offer
a
variety
of
banking
services
to
individuals
and
businesses
throughout
the
Greater
Philadelphia,
Delaware
and
South
Jersey
area,
through
their
offices
and
branches
in
Philadelphia
and
Montgomery
Counties
in
Pennsylvania,
and
in
New
Castle
County,
Delaware.
As
of
December
31,
2000,
the
Company
had
total
assets
of
approximately
$655.6
million,
total
shareholders'
equity
of
approximately
$43
million,
total
deposits
of
approximately
$425.6
million
and
net
loans
receivable
outstanding
of
approximately
$418.3
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FRBK,
the
bank
holding
company
for
First
Republic
Bank,
provides
a
variety
of
banking
svcs.
to
individuals
and
businesses.
For
the
six
months
ended
6/30/01,
interest
income
rose
12%
to
$24.6
million.
Net
interest
income
after
loan
loss
prov.
rose
8%
to
$8.4
million.
Net
income
decreased
26%
to
$1.4
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
higher
interest
costs.
Earnings
also
suffered
from
increased
salaries
and
benefits
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Harry Madonna, Esq., 58 Chairman | -- | Jere Young, 64 Pres
and CEO | $150K | Michael Bradley, 56 Vice
Chairman | -- | Paul Frenkiel, 48 CFO,
VP | -- | Robert Dobie, 66 Sr.
VP, Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|