First Resource Bancorp Inc. (FRSB)

Overview

First Resource Bancorp Inc. is the parent company of First Resource Bank, which serves as a primary banking institution for both personal and business clients, predominantly in the southeastern region of Pennsylvania. Founded in 2005 and headquartered in Exton, Pennsylvania, the bank aims to provide a comprehensive suite of banking products and services tailored to meet the diverse needs of its clientele.

Products and Services

The bank offers a wide array of banking products and services designed to cater to the needs of its customers. These include:

• Deposit Products: This category encompasses checking accounts, money market accounts, certificate deposit account registry services, insured cash sweeps, certificates of deposit, and Individual Retirement Accounts (IRAs). These accounts and services are tailored to provide customers with secure and beneficial ways to manage their savings and investments.
• Loan Products: The bank's loan offerings are comprehensive, ranging from commercial mortgages and construction loans to working capital credit lines. It also includes Small Business Administration loans, commercial term loans, home equity lines of credit, fixed payment home equity loans, residential construction loans, land loans, overdraft protection, vehicle loans, unsecured installment loans, certificate of deposit secured installment loans, and swing loans. These products are designed to fulfill the financing needs of both individual and business clients for various purposes.
• Credit and Debit Cards: These services offer convenient and secure access to funds for daily transactions and purchases.
• Digital Banking Services: Including telephone, text, online, and mobile banking services, these digital options provide clients with the flexibility to manage their accounts, perform transactions, and access banking services remotely.
• Cash Management Services: Services such as ACH origination, sweep/transfer, and positive pay are designed to help businesses manage their cash flow efficiently.
• Convenience Services: The bank also offers a variety of convenience services like ATM access, over the counter checks, bill payment, wire transfer, guarantee/notary, safe deposit box, drive-up banking, night depository, foreign currency exchange, cashier's check, and stop payments, enhancing the banking experience for its customers by providing them with ease of access and diverse transaction methods.