Taking over the Doylestown, Pennsylvania, bank will add four full-service locations in Doylestown, Warminster, Bensalem and Levittown, Pennsylvania. That adds to the Hamilton-based bank’s nine branches in New Jersey and one in Trevose, Pennsylvania.
“We are pleased to welcome the customers, employees and stockholders of Bucks County Bank to First Bank as we expand our retail and commercial banking footprint in the greater Bucks County market area,” said First Bank CEO and President Patrick L. Ryan. “Bucks County Bank had established a solid community banking franchise that served its local communities well, and we intend to continue this tradition.”
Bucks County Bank’s former CEO and president, John Harding, will stay on as president of First Bank’s new Eastern Pennsylvania market, Ryan said.
“A strong community banking operation in the Bucks County market is assured by the merger,” Harding said. “I am looking forward to helping First Bank continue to build its market share in Pennsylvania.”
The merger was announced March 29, and approved during a special meeting of First Bank stockholders on Wednesday. Bucks County Bank stockholders also approved the merger.
As a combined financial institution, First Bank will have approximately $1.4 billion in assets and $1.1 billion in deposits.