This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Republic Bank Announces Nationally Ranked SBA Team To Join Bank

PHILADELPHIA, Feb. 7, 2011 /PRNewswire/ -- Republic Bank (Nasdaq: FRBK) today announced the launch of a Small Business Administration ("SBA") lending group to provide much needed credit to small businesses throughout the Mid-Atlantic states.  

(Logo: http://photos.prnewswire.com/prnh/20100707/PH31611LOGO )

This nationally ranked SBA lending unit will be led by ARNOLD F. HORVATH (Executive V.P.) and PAMELA TAURIELLO (Sr. V.P.), both former Executives with Commerce Bank and more recently Metro Bank.

Prior to Metro Bank, a majority of this specialized group were employed by Commerce Bank 1999 through 2009.  During this ten year period, Commerce Bank closed in excess of $1.6 Billion in SBA Loans and consistently ranked among the nation's TOP 15 producers of SBA loans.

While at Metro Bank ( Harrisburg, PA) this eight person team was ranked #1 in New Jersey, #4 in PA, and #22 nationally among 2,590 banks participating in the SBA program based upon three month figures released by the SBA through December 31, 2010.

Andrew J. Logue, President and COO of Republic Bank commented:

"The small businesses of America are crying for credit support. The SBA Loan Guarantee Program gives Republic Bank, with its recent approval from the SBA as a Preferred Lender, a unique opportunity to fulfill these credit needs while maintaining robust asset quality. Arnie Horvath and his team have long been the premier SBA lending group in the Mid-Atlantic States and we look forward to their continued success."

James Kocsi, recently retired District Director of the SBA's New Jersey office commented:

" Arnie Horvath and his team of business lenders have been responsible for many small business success stories.  During the last ten years, this talented group of professionals was the top provider of SBA backed loans in New Jersey.  They supported small businesses with creative financing packages, provided quick turnarounds on approvals and realistic advice to their customers.  We also valued their sustained commitment and support of our community marketing efforts."

About Republic Bank

Republic 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 thirteen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Voorhees and Haddonfield, New Jersey.

Forward Looking Statements

The Company may from time to time make written or oral "forward-looking statements", including statements contained in this release and in the Company's filings with the Securities and Exchange Commission.  The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements.  For example, risks and uncertainties can arise with changes in: general economic conditions, including their impact on capital expenditures; new service and product offerings by competitors and price pressures; and similar items.  You should carefully review the risk factors described in the Form 10-Q for the quarter ended March 31, 2010 and other documents the Company files from time to time with the Securities and Exchange Commission. The words "may", "believes," "expect," "estimate," "project," "anticipate," "should," "intend," "probability," "risk," "target," "objective," and similar expressions or variations on such expressions are intended to identify forward-looking statements.  All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.

SOURCE Republic Bank

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,116.43 -56.25 -0.33%
S&P 500 1,991.08 -3.21 -0.16%
NASDAQ 4,524.3810 -3.3080 -0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs