First Bank logo FRBA - First Bank

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| PRICE TARGET: $17.00 DETAILS
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CONSENSUS: $17.00
UPSIDE: 9.75%

About First Bank (https://www.firstbanknj.com)

First Bank provides various banking products and services to individuals, businesses, and governmental entities. 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. Its loan products include commercial and industrial loans; 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 that include auto, personal, and traditional installment loans. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone, as well as ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services. As of December 31, 2021, it operated 18 full-service branches in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Hamilton, Lawrence, Mercerville, Pennington, Randolph, Somerset, and Williamstown counties in New Jersey, as well as Doylestown, Trevose, Warminster, and West Chester counties in Pennsylvania. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.

Key Executives

NAME TITLE DOB SALARY
Patrick L. Ryan President, Chief Executive Officer & Director 1976 $1,144,537 USD
Peter J. Cahill Executive Vice President & Chief Lending Officer 1957 $525,565 USD
Andrew L. Hibshman Executive Vice President, Treasurer & Chief Financial Officer 1982 $512,481 USD
Darleen R. Gillespie EVP & Chief Retail Banking Officer 1969 $371,653 USD
Christopher J. Ewing Executive Vice President & Chief Operating Officer 1960 $338,750 USD
Stephen F. Carman First Senior Vice President & Senior Accounting Officer 1957 $306,649 USD
Arnaldo Galassi VP of MIS, Small Business & Corporate Development 1958
Caryn Wilson Senior VP & Head of Retail Branch Administration
Denise Goetting SVP & Regional Branch Manager NJ
George Robostello Senior VP & Sr. Credit Officer
Gregory S. Dittrich Senior VP & Director of Government Banking
Kimberly Cerasi First Senior Vice President & Director of Human Resources
Michael J. Maiorino President of Asset Based Lending
Michael Rist Senior VP & Commercial Lending Relationship Manager III
Parwinder S. Virk First Senior Vice President & Chief Accounting Officer
Ramzi Dagher Senior VP of the Private Equity Group & Team Leader
Robert Kim Senior VP & Director of SBA Lending
Sarah Pearson FVP, Chief Compliance & CRA Officer
Scott W. Senior Vice President & Market Executive
Stacy L. Schwartz Senior VP & Head of Deposit Operations

Company Peers

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