First Resource Bancorp Successfully Completes $8 Million Subordinated Debt Offering for Growth and Operations

First Resource Bancorp Completes $8 Million Subordinated Debt Offering

EXTON, Pa., Dec. 16, 2025 – First Resource Bancorp, Inc. (OTCQX: FRSB) has recently announced the completion of a significant $8 million subordinated notes offering. This strategic move is designed to strengthen the bank's capital base and support its ongoing operations and planned growth initiatives.

The funds raised from the private placement will not only enhance First Resource Bank's financial standing but also enable the retirement of $6 million in existing subordinated debt. By strategically managing its capital, the bank seeks to optimize its resources and fulfill its commitment to providing exceptional banking services to the Delaware Valley community.

The newly issued subordinated notes, which are set to mature on December 15, 2035, come with a fixed interest rate of 6.00%. Interestingly, these notes can be redeemed partially or entirely after December 15, 2030, under specific regulatory circumstances, showcasing a prudent financial approach that aligns with regulatory requirements. Moreover, these notes will qualify as Tier 2 capital for regulatory purposes.

Lauren C. Ranalli, President and CEO, expressed her satisfaction regarding this successful capital raise, emphasizing the cost-effective nature of the transaction.