Thursday, March 13, 2014 1:14:31 PM
Date : 03/10/2014 @ 9:17AM
Source : Marketwired
Stock : First Bank (MM) (FRBA)
Quote : $6.30 0.1 (1.61%) @ 12:57PM
First Bank Completes Merger With Heritage Community Bank
HAMILTON, NJ--(Marketwired - March 10, 2014) - First Bank (NASDAQ: FRBA) announced today that it had completed its previously announced merger with Heritage Community Bank effective as of the close of business on March 7, 2014. Shareholders of both banks approved the merger at special meetings held on March 5, 2014. As a result of the merger, First Bank will operate 8 branches in four New Jersey counties, including the 3 former Heritage Community Bank branches in Morris County.
President and Chief Executive Officer Patrick L. Ryan said, "The closing of the merger represents another step in our continued growth, and we remain excited about our prospects in an industry where headwinds are subsiding and renewed consolidation should create additional expansion opportunities. We believe Morris County will be a great market for our brand of relationship banking."
Peter Kenny, former President and Chief Executive Officer of Heritage Community Bank stated, "A strong community banking operation in the Morris County market is assured by the merger, and I look forward to helping First Bank continue to build out its commercial lending platform."
Each Heritage Community Bank share was exchanged for 0.4534 First Bank shares. First Bank issued an aggregate of 875,251 shares of its common stock.
http://ih.advfn.com/p.php?pid=nmona&article=61386858
*I do not own shares of FRBA.
"The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires."
Recent FRBA News
- First Bank Announces Second Quarter 2024 Net Income of $11.1 Million • GlobeNewswire Inc. • 07/24/2024 08:37:00 PM
- First Bank Announces Second Quarter 2024 Earnings Conference Call • GlobeNewswire Inc. • 06/26/2024 02:00:00 PM
- First Bank Announces First Quarter 2024 Net Income of $12.5 Million • GlobeNewswire Inc. • 04/22/2024 08:37:00 PM
- First Bank Announces First Quarter 2024 Earnings Conference Call • GlobeNewswire Inc. • 03/28/2024 02:30:00 PM
- First Bank Announces Fourth Quarter 2023 Net Income of $8.4 Million and Full Year Net Income of $20.9 Million • GlobeNewswire Inc. • 01/24/2024 09:45:00 PM
- First Bank Announces Fourth Quarter 2023 Earnings Conference Call • GlobeNewswire Inc. • 01/03/2024 03:55:52 PM
- First Bank Announces Third Quarter of 2023 Net Loss of $1.3 Million driven by one-time costs associated with Malvern Bancorp acquisition • GlobeNewswire Inc. • 10/25/2023 08:35:00 PM
- First Bank Announces Third Quarter 2023 Earnings Conference Call • GlobeNewswire Inc. • 09/28/2023 01:15:00 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM