Article: First Republic Bancorp, Inc., Parent of First Republic Bank, Reports $2.0 Million in Earnings for the 1st Quarter of 1997

PHILADELPHIA, April 21 /PRNewswire/ -- First Republic Bancorp, Inc. (Nasdaq: FRBK), parent company of First Republic Bank, today reported net income for the first quarter of 1997 of $2.0 million representing $478,000 or a 31% increase compared to the first quarter of 1996 earnings of $1.5 million. The increase for the period was the result of the Bank's merger with ExecuFirst Bancorp and the resulting growth in assets over the past year. A major component of the Bank's earnings is the result of the Bank's tax refund program. Results for the first quarter in 1996 also include this program. The tax refund program occurs primarily in the first quarter of every year and, ...






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