First Bank (FRBA)

12.72 +0.60 (+4.95%) At close: 04:00PM EDT

First Bank

2465 Kuser Road
Hamilton, NJ 08690
United States
877 821 2265
https://www.firstbanknj.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 280

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Patrick L. Ryan	President, CEO & Director	871.69k	N/A	1976
Mr. Andrew L. Hibshman	Executive VP, Treasurer & CFO	357.53k	N/A	1982
Mr. John F. Shepardson	Executive VP & COO	344.59k	N/A	1975
Mr. Peter J. Cahill	Executive VP & Chief Lending Officer	377.45k	N/A	1957
Mr. Parwinder S. Virk	First Senior VP & Chief Accounting Officer	N/A	N/A	N/A
Mr. Gabriel K. Dragos	First Senior VP & CTO	N/A	N/A	N/A
Mr. Ernest Springer	VP & Compliance Officer	N/A	N/A	N/A
Mr. Michael Smith	First Senior VP and Director of Small Business & Corporate Development	N/A	N/A	N/A
Ms. Kimberly Cerasi	First Senior VP & Director of Human Resources	N/A	N/A	N/A
Mr. Stephen F. Carman	First Senior VP & Senior Accounting Officer	306.65k	N/A	1957

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

First Bank provides various banking products and services to small to mid-sized businesses and individuals. The company accepts various deposits, including non-interest-bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts. It also offers various loan products comprising commercial and industrial loans, which include line of credit, inventory, equipment, and short-term working capital financing; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans consists of auto, personal, traditional installment, and other loans. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone; ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services, as well as engages in the capital markets activities. It operates full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset, and Williamstown, New Jersey; Doylestown, Trevose, Warminster, and West Chester, Paoli, Malvern, Coventry, Devon, Lionville, and Glen Mills Pennsylvania; and Palm Beach, Florida. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.

Corporate governance

First Bank’s ISS governance QualityScore as of 1 April 2024 is 5. The pillar scores are Audit: 6; Board: 9; Shareholder rights: 3; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.