First Resource Bank (FRSB) 6.7500 $FRSB
First Resource Bank Announces Strong First Quarter Results; Loans And Deposits Reach Record Highs
PR Newswire - Mon Apr 25, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced financial results for the three months ended March 31, 2016.
First Resource Bank Announces 5% Stock Dividend
PR Newswire - Thu Apr 21, 11:18AM CDT
The First Resource Bank (OTCQX: FRSB) Board of Directors has declared a five percent (5%) common stock dividend to shareholders of record on May 2, 2016. This stock dividend is payable on May 16, 2016.
First Resource Bank Announces its new SBA Lender and Senior Vice President
PR Newswire - Fri Mar 18, 9:03AM CDT
First Resource Bank (OTCQB: FRSB) is excited to announce that Jeffrey B. Pugh has joined the Bank as a Senior Vice President in its lending group. Mr. Pugh is a past winner of the Small Business Administration (SBA) Financial Service Champion of the Year Award for his SBA lending activities over the years. Mr. Pugh will continue his SBA lending along with commercial real estate and business loan origination and servicing activities.
First Resource Bank Announces Redemption Of Remaining 25% Of SBLF Preferred Stock
PR Newswire - Tue Mar 15, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced that it has redeemed the last 25% of the outstanding balance of its Small Business Lending Fund (SBLF) preferred stock. This $1.3 million redemption was completed on March 14, 2016.
FDIC approves redemption of remaining First Resource Bank SBLF stock
M2 - Wed Feb 10, 6:34AM CST
First Resource Bank (OTCQX: FRSB) has received FDIC approval for the redemption of the last 25 percent of the outstanding balance of its Small Business Lending Fund preferred stock, the company said. This USD1.3 million redemption is subject to approval by the Pennsylvania Department of Banking and Securities but is expected to be completed prior to the dividend rate increase in mid-March. First Resource Bank is a locally owned and operated Pennsylvania state-chartered bank, serving the banking needs of businesses, professionals and individuals in Chester County, Pennsylvania. The bank offers a full range of deposit and credit services with a high level of personalized service.
First Resource Bank Announces FDIC Approval Of The Redemption Of Remaining 25% Of SBLF Preferred Stock
PR Newswire - Thu Feb 04, 7:00AM CST
First Resource Bank (OTCQX: FRSB) announced that the FDIC has approved the redemption of the last 25% of the outstanding balance of its Small Business Lending Fund preferred stock. This $1.3 million redemption is subject to approval by the Pennsylvania Department of Banking and Securities but is expected to be completed prior to the dividend rate increase in mid-March.
First Resource Bank reports Q4 2015 net income of USD252,344
M2 - Fri Jan 29, 8:44AM CST
First Resource Bank (OTCQX: FRSB) has reported net income of USD252,344 for the three months ended December 31, 2015 compared to net income of USD303,089 for the three months ended September 30, 2015 and USD256,007 for the three months ended December 31, 2014, the company said. The company reported net income for the year ended December 31, 2015 was USD1,185,769, as compared to USD1,105,693 for the prior year. Financial results for the year ended December 31, 2015 include: o Completed a USD2.3 million common equity raise and the issuance of USD4 million in subordinated debt o Redeemed USD3.8 million, or 75 percent, of the bank's Small Business Lending Fund preferred stock o Total interest income grew 10 percent over the prior year o Total assets grew 15 percent to end the year at USD208.1 million o Total loans grew 12 percent to a record high of USD176.1 million Net interest income for the year ended December 31, 2015 was USD6,715,443, an improvement of USD561 thousand, or nine percent over the prior year. The net interest margin for 2015 was 3.80 percent, which was 10 basis points lower than the prior year. This margin movement is mainly attributed to higher cash and short term investments as well as higher cost of borrowings as a result of the subordinated debt issuance in 2015. During the year ended December 31, 2015, total deposits increased USD22.6 million, or 16 percent, with all deposit categories experiencing significant growth.. Deposits increased USD592 thousand, or 0.4 percent, from USD165.4 million at September 30, 2015 to USD166.0 million at December 31, 2015. During the fourth quarter, money market deposits increased USD2.2 million, or 4 percent, from USD58.3 million at September 30, 2015 to USD60.5 million at December 31, 2015. During the year ended December 31, 2015, the loan portfolio grew USD18.8 million, or 12 percent. Most of this growth was in the commercial real estate portfolio which grew USD13.6 million, or 13 percent in 2015. The loan portfolio increased USD8.9 million, or five percent, during the fourth quarter from USD167.2 million at September 30, 2015 to USD176.1 million at December 31, 2015. First Resource Bank is a locally owned and operated Pennsylvania state-chartered bank, serving the banking needs of businesses, professionals and individuals in Chester County, Pennsylvania. The bank also offers a broad range of traditional financial services and products, competitively priced and delivered in a responsive manner to small businesses, professionals and residents in the local market.
First Resource Bank to Webcast, Live, at OTCQX Banks Virtual Investor Conference February 4
CNW Group - Fri Jan 29, 7:08AM CST
Company invites individual and institutional investors as well as advisors to attend interactive real-time virtual conference at VirtualInvestorConferences.com
OTC Markets Group Announces Agenda for February 4th OTCQX Banks Virtual Investor Conference
PR Newswire - Thu Jan 28, 3:22PM CST
Individual and institutional investors invited to log on and ask questions directly to bank CEOs and their senior executives
First Resource Bank Announces Record Annual Results; 12% Loan Growth In 2015
PR Newswire - Mon Jan 25, 7:00AM CST
First Resource Bank (OTCQX: FRSB) announced fourth quarter and full year financial results through December 31, 2015. Net income for the year ended December 31, 2015 was $1,185,769, as compared to $1,105,693 for the prior year.
First Resource Bank Announces 20% Increase In Quarterly Net Income Over The Prior Year; Total Assets, Loans And Deposits All Reach Record Highs
PR Newswire - Thu Oct 29, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced financial results for the three months ended September 30, 2015. Net income for the three months ended September 30, 2015 was $303,089, which was 20% higher than the third quarter in the prior year. Total assets were $199.5 million at September 30, 2015, an 11% increase over December 31, 2014. During the first nine months of 2015 loans grew 6% to a record of $167.2 million and deposits grew 15% to a record of $165.4 million.
First Resource Bank Announces Completion Of Subordinated Debt Offering
PR Newswire - Mon Oct 19, 10:12AM CDT
First Resource Bank (OTCQX: FRSB) announced that its $4 million subordinated debt offering has been completed. The subordinated debt was sold with two closings, with $2 million closed on July 31 and $2 million closed on October 15, all at an interest rate of 6.50%. The subordinated debt matures on September 15, 2025 and October 1, 2025, with call options after five years on both closings.
First Resource Bank Announces Record Quarterly Net Income; Total Assets, Loans And Deposits All Reach Record Highs
PR Newswire - Wed Jul 22, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced record financial results for the three months ended June 30, 2015. Net income for the quarter ended June 30, 2015 was $329,300, which was 9% higher than the prior quarter and 10% higher than the second quarter in the prior year. Total assets were $193.2 million at June 30, 2015, a 7% increase over December 31, 2014. During the first six months loans grew 4% to a record of $163.5 million and deposits grew 14% to a record of $163.7 million.
First Resource Bank Announces Common Stock Offering Fully Subscribed
PR Newswire - Wed Jul 01, 3:25PM CDT
First Resource Bank (OTCQX: FRSB) announced that its common stock offering has been completely subscribed. All 320,000 shares offered, plus the optional 40,000 in additional shares that could be sold per the offering circular, have been sold to new and existing shareholders.
First Resource Bank Investor Presentation Now Available for On-Demand Viewing
PR Newswire - Mon Jun 08, 3:00PM CDT
Company invites individual and institutional investors to log-on to OTC Markets' event at VirtualInvestorConferences.com
First Resource Bank Announces Common Stock And Subordinated Debt Offerings
PR Newswire - Tue Jun 02, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced that concurrent common stock and subordinated debt offerings were underway with an initial mailing of materials being completed next week. Management has received preliminary approvals from the FDIC and the Pennsylvania Department of Banking and Securities to redeem $3.8 million, or 75%, of outstanding Small Business Lending Fund (SBLF) preferred stock, conditional on raising $2 million in common equity and $4 million in subordinated debt.
First Resource Bank to Webcast Live at VirtualInvestorConferences.com on June 4
PR Newswire - Mon Jun 01, 10:51AM CDT
Company invites individual and institutional investors to attend interactive real-time virtual roadshow
OTC Markets Group to Host Virtual Investor Conferences for OTCQX Companies
CNW Group - Tue May 26, 7:00AM CDT
The first event on June 4 will feature live webcast presentations by OTCQX-traded community banks as they showcase their stories to investors
First Resource Bank Announces Strong First Quarter Results; Loans And Deposits Reach Record Highs
PR Newswire - Mon Apr 25, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced financial results for the three months ended March 31, 2016.
First Resource Bank Announces 5% Stock Dividend
PR Newswire - Thu Apr 21, 11:18AM CDT
The First Resource Bank (OTCQX: FRSB) Board of Directors has declared a five percent (5%) common stock dividend to shareholders of record on May 2, 2016. This stock dividend is payable on May 16, 2016.
First Resource Bank Announces its new SBA Lender and Senior Vice President
PR Newswire - Fri Mar 18, 9:03AM CDT
First Resource Bank (OTCQB: FRSB) is excited to announce that Jeffrey B. Pugh has joined the Bank as a Senior Vice President in its lending group. Mr. Pugh is a past winner of the Small Business Administration (SBA) Financial Service Champion of the Year Award for his SBA lending activities over the years. Mr. Pugh will continue his SBA lending along with commercial real estate and business loan origination and servicing activities.
First Resource Bank Announces Redemption Of Remaining 25% Of SBLF Preferred Stock
PR Newswire - Tue Mar 15, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced that it has redeemed the last 25% of the outstanding balance of its Small Business Lending Fund (SBLF) preferred stock. This $1.3 million redemption was completed on March 14, 2016.
FDIC approves redemption of remaining First Resource Bank SBLF stock
M2 - Wed Feb 10, 6:34AM CST
First Resource Bank (OTCQX: FRSB) has received FDIC approval for the redemption of the last 25 percent of the outstanding balance of its Small Business Lending Fund preferred stock, the company said. This USD1.3 million redemption is subject to approval by the Pennsylvania Department of Banking and Securities but is expected to be completed prior to the dividend rate increase in mid-March. First Resource Bank is a locally owned and operated Pennsylvania state-chartered bank, serving the banking needs of businesses, professionals and individuals in Chester County, Pennsylvania. The bank offers a full range of deposit and credit services with a high level of personalized service.
First Resource Bank Announces FDIC Approval Of The Redemption Of Remaining 25% Of SBLF Preferred Stock
PR Newswire - Thu Feb 04, 7:00AM CST
First Resource Bank (OTCQX: FRSB) announced that the FDIC has approved the redemption of the last 25% of the outstanding balance of its Small Business Lending Fund preferred stock. This $1.3 million redemption is subject to approval by the Pennsylvania Department of Banking and Securities but is expected to be completed prior to the dividend rate increase in mid-March.
First Resource Bank reports Q4 2015 net income of USD252,344
M2 - Fri Jan 29, 8:44AM CST
First Resource Bank (OTCQX: FRSB) has reported net income of USD252,344 for the three months ended December 31, 2015 compared to net income of USD303,089 for the three months ended September 30, 2015 and USD256,007 for the three months ended December 31, 2014, the company said. The company reported net income for the year ended December 31, 2015 was USD1,185,769, as compared to USD1,105,693 for the prior year. Financial results for the year ended December 31, 2015 include: o Completed a USD2.3 million common equity raise and the issuance of USD4 million in subordinated debt o Redeemed USD3.8 million, or 75 percent, of the bank's Small Business Lending Fund preferred stock o Total interest income grew 10 percent over the prior year o Total assets grew 15 percent to end the year at USD208.1 million o Total loans grew 12 percent to a record high of USD176.1 million Net interest income for the year ended December 31, 2015 was USD6,715,443, an improvement of USD561 thousand, or nine percent over the prior year. The net interest margin for 2015 was 3.80 percent, which was 10 basis points lower than the prior year. This margin movement is mainly attributed to higher cash and short term investments as well as higher cost of borrowings as a result of the subordinated debt issuance in 2015. During the year ended December 31, 2015, total deposits increased USD22.6 million, or 16 percent, with all deposit categories experiencing significant growth.. Deposits increased USD592 thousand, or 0.4 percent, from USD165.4 million at September 30, 2015 to USD166.0 million at December 31, 2015. During the fourth quarter, money market deposits increased USD2.2 million, or 4 percent, from USD58.3 million at September 30, 2015 to USD60.5 million at December 31, 2015. During the year ended December 31, 2015, the loan portfolio grew USD18.8 million, or 12 percent. Most of this growth was in the commercial real estate portfolio which grew USD13.6 million, or 13 percent in 2015. The loan portfolio increased USD8.9 million, or five percent, during the fourth quarter from USD167.2 million at September 30, 2015 to USD176.1 million at December 31, 2015. First Resource Bank is a locally owned and operated Pennsylvania state-chartered bank, serving the banking needs of businesses, professionals and individuals in Chester County, Pennsylvania. The bank also offers a broad range of traditional financial services and products, competitively priced and delivered in a responsive manner to small businesses, professionals and residents in the local market.
First Resource Bank to Webcast, Live, at OTCQX Banks Virtual Investor Conference February 4
CNW Group - Fri Jan 29, 7:08AM CST
Company invites individual and institutional investors as well as advisors to attend interactive real-time virtual conference at VirtualInvestorConferences.com
OTC Markets Group Announces Agenda for February 4th OTCQX Banks Virtual Investor Conference
PR Newswire - Thu Jan 28, 3:22PM CST
Individual and institutional investors invited to log on and ask questions directly to bank CEOs and their senior executives
First Resource Bank Announces Record Annual Results; 12% Loan Growth In 2015
PR Newswire - Mon Jan 25, 7:00AM CST
First Resource Bank (OTCQX: FRSB) announced fourth quarter and full year financial results through December 31, 2015. Net income for the year ended December 31, 2015 was $1,185,769, as compared to $1,105,693 for the prior year.
First Resource Bank Announces 20% Increase In Quarterly Net Income Over The Prior Year; Total Assets, Loans And Deposits All Reach Record Highs
PR Newswire - Thu Oct 29, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced financial results for the three months ended September 30, 2015. Net income for the three months ended September 30, 2015 was $303,089, which was 20% higher than the third quarter in the prior year. Total assets were $199.5 million at September 30, 2015, an 11% increase over December 31, 2014. During the first nine months of 2015 loans grew 6% to a record of $167.2 million and deposits grew 15% to a record of $165.4 million.
First Resource Bank Announces Completion Of Subordinated Debt Offering
PR Newswire - Mon Oct 19, 10:12AM CDT
First Resource Bank (OTCQX: FRSB) announced that its $4 million subordinated debt offering has been completed. The subordinated debt was sold with two closings, with $2 million closed on July 31 and $2 million closed on October 15, all at an interest rate of 6.50%. The subordinated debt matures on September 15, 2025 and October 1, 2025, with call options after five years on both closings.
First Resource Bank Announces Record Quarterly Net Income; Total Assets, Loans And Deposits All Reach Record Highs
PR Newswire - Wed Jul 22, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced record financial results for the three months ended June 30, 2015. Net income for the quarter ended June 30, 2015 was $329,300, which was 9% higher than the prior quarter and 10% higher than the second quarter in the prior year. Total assets were $193.2 million at June 30, 2015, a 7% increase over December 31, 2014. During the first six months loans grew 4% to a record of $163.5 million and deposits grew 14% to a record of $163.7 million.
First Resource Bank Announces Common Stock Offering Fully Subscribed
PR Newswire - Wed Jul 01, 3:25PM CDT
First Resource Bank (OTCQX: FRSB) announced that its common stock offering has been completely subscribed. All 320,000 shares offered, plus the optional 40,000 in additional shares that could be sold per the offering circular, have been sold to new and existing shareholders.
First Resource Bank Investor Presentation Now Available for On-Demand Viewing
PR Newswire - Mon Jun 08, 3:00PM CDT
Company invites individual and institutional investors to log-on to OTC Markets' event at VirtualInvestorConferences.com
First Resource Bank Announces Common Stock And Subordinated Debt Offerings
PR Newswire - Tue Jun 02, 7:00AM CDT
First Resource Bank (OTCQX: FRSB) announced that concurrent common stock and subordinated debt offerings were underway with an initial mailing of materials being completed next week. Management has received preliminary approvals from the FDIC and the Pennsylvania Department of Banking and Securities to redeem $3.8 million, or 75%, of outstanding Small Business Lending Fund (SBLF) preferred stock, conditional on raising $2 million in common equity and $4 million in subordinated debt.
First Resource Bank to Webcast Live at VirtualInvestorConferences.com on June 4
PR Newswire - Mon Jun 01, 10:51AM CDT
Company invites individual and institutional investors to attend interactive real-time virtual roadshow
OTC Markets Group to Host Virtual Investor Conferences for OTCQX Companies
CNW Group - Tue May 26, 7:00AM CDT
The first event on June 4 will feature live webcast presentations by OTCQX-traded community banks as they showcase their stories to investors
