#USA #Exton #First Resource Bank #Jim Egan #Commercial Lending

Welcome Jim Egan to First Resource Bank's Leadership Team

In a significant development for First Resource Bancorp, Inc. (OTCQX: FRSB), Jim Egan has joined the esteemed institution as Senior Vice President of Commercial Lending. This appointment marks a pivotal moment for both Egan and the bank, blending decades of experience in the banking sector with the community-focused ethos of First Resource Bank.

A Stellar Career Path

With an impressive 40-year career under his belt, Egan brings a wealth of knowledge and expertise to his new role. Most notably, he dedicated 38 years to Bryn Mawr Trust, where he held the pivotal role of Chief Commercial Lending Officer and was instrumental in overseeing Commercial Real Estate operations. His deep understanding of commercial lending will now be an invaluable asset to First Resource Bank.

Egan’s successful journey in banking has been characterized by a deep commitment to fostering strong relationships with customers, which he sees as the cornerstone of service excellence. His appointment is timely as First Resource Bank looks to expand its business opportunities within the community, focusing keenly on new loan policies, cash management, and innovative deposit solutions.

Commitment to Community and Customer Satisfaction

In his first public statement since joining, Egan expressed enthusiasm, saying, "I am thrilled to join First Resource Bank, a true community bank that places customer satisfaction at its core." He sees a parallel between the values upheld at First Resource Bank and his former workplace, Bryn Mawr Trust, emphasizing that customer focus underpins their operations.

Egan noted how the bank stands out due to its exceptional team and an inclusive culture that marries the personal attention of a community bank with competitive offerings characteristic of larger institutions. His long-standing ties to Wayne, PA—a community he has proudly served throughout his career—add a personal touch to this new chapter.

Support from Leadership

Lauren Ranalli, Co-Founder and CEO of First Resource Bank, has voiced her excitement regarding Egan's addition to their team. She stated, "We are delighted to welcome Jim Egan to First Resource Bank. His extensive experience, proven leadership, and passion for customer satisfaction align perfectly with our mission." Ranalli expressed confidence that Egan would positively impact clients and contribute to the bank’s sustained growth and community connections.

Community Engagement

Egan's commitment to community is evidenced by his long-term involvement in local initiatives. A resident of Chester County, he has actively participated in various local organizations, including the American Red Cross Golf Committee and the Ardmore Rotary, demonstrating a resolve to give back to the community that nurtures him. Looking forward, he plans to engage further with local initiatives, thereby strengthening bonds between First Resource Bank and the communities it serves.

Stay Connected

To connect with Jim Egan, those interested in enhancing their financial strategies can reach out via email at [email protected].This newfound role at First Resource Bank symbolizes more than just a job; it reflects a commitment to nurturing relationships, understanding community needs, and providing innovative financial solutions to help residents and businesses navigate their financial journeys seamlessly.

About First Resource Bancorp, Inc.

First Resource Bancorp, Inc. operates as the holding company for First Resource Bank. Established as a locally-owned Pennsylvania state-chartered bank, First Resource Bank boasts three full-service branches dedicated to meeting the banking needs of businesses, professionals, and individuals across the Delaware Valley. The bank prides itself on a blend of comprehensive credit services, exceptional customer service, and competitive financial products designed for small business and residential markets.

For further details, visit www.firstresourcebank.com to learn more about their services and community involvement.

Disclaimer: This press release encompasses forward-looking statements regarding operational results and expectations, which are subject to various uncertainties.