First Bank Completes Acquisition of Grand Bank N.A.
First Bank (FRBA)
Last first bank earnings: 4/27 04:30 pm
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Source: GlobeNewswire
HAMILTON, N.J., Oct. 01, 2019 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) announced that at the close of business on September 30, 2019, it completed its merger with Grand Bank, N.A., previously headquartered in Hamilton, New Jersey. The merger was approved at the special meeting of First Bank stockholders on September 18, 2019. Grand Bank stockholders approved the merger during a special meeting held on September 12, 2019. This successful transaction expands First Bank’s Mercer County, New Jersey presence through the addition of two full-service locations. As a combined financial institution, First Bank will have over $2.0 billion in assets and over $1.6 billion in deposits.“We are pleased to welcome the customers, employees, and stockholders of Grand Bank to First Bank as we grow our banking presence in Mercer County,” said Patrick L. Ryan, President and Chief Executive Officer. “Grand Bank has built a strong customer base by providing extraordinary customer serv
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