In 1988, Republic Bank was founded, and for the first 20 years, our primary offering was commercial banking services. In 2008 Vernon W. Hill II, the Founder and Chairman of Commerce Bancorp, Inc., joined Republic Bank, bringing with him his revolutionary customer-centric approach to banking. Since then, he has led the growth of the bank from $700 million in assets to $5.0 billion as of December 31, 2020. Physical store count has increased from eight to 32, with each location making a concerted effort to become a valued part of the community in which they operate.
Summer of 2019 marked another milestone for Republic Bank when we opened our first store in the New York City market, bringing back the legendary banking experience that New Yorkers have missed for years, including providing the only absolutely free coin counting machines in all of New York City. This is only the beginning of our rapid expansion throughout New York City with many more stores planned for the near future.
Over the past 14 years, Republic Bank has become one of the top small business lenders in the tri-state area, showcased most recently when it originated $680 million in PPP loans to nearly 5,000 local businesses. Hill’s unique approach to banking and focus on customer service culminated in Republic Bank being named America’s #1 Bank for Service in 2020 by Forbes. Our customer-centric, focused approach allows our executive team, store managers and all employees to make an impact on each community we serve and exceed customer expectations through a full range of banking offerings.
At a time when most banks are shuttering stores and retreating from the communities they serve, Republic Bank provides customers with an unmatched banking experience across every channel, whether in-store, online, on our app or over the phone.
We offer “big bank” benefits with a small town feel.
Republic Bank is moving towards creating a major commercial and retail bank with a distinct brand. Our focus now is on innovation, customer satisfaction, brand building, and shareholder value creation. Today, we are one of the largest Philadelphia-based banks, yet we make decisions locally, and we make them quickly. We pride ourselves on our retail-based model focused on convenience and fanatic customer service. We make banking easy for our customers and we get to know our customers so we can better serve their needs.
We are different from the other banks—when we say “convenient” we really mean it. We offer premier conveniences that many other banks do not, such as:
- Open early, open late
- Absolutely FREE Personal Checking
- Absolutely FREE Business Checking1
- FREE Coin Counting2
- ATM/Debit Cards “On The Spot”
- Fee FREE ATM anywhere you see Allpoint3
- Bank EVERYWHERE: in-store, online, phone or mobile
1Up to 600 items paid/deposited monthly. 2Some restrictions may apply for businesses. 3For Republic Banks customers only.