FIRST RESOURCE BANCORP, INC. COMPLETES $8 MILLION SUBORDINATED DEBT OFFERING

Core Viewpoint - First Resource Bancorp, Inc. successfully completed an $8 million subordinated notes offering to support growth and retire existing debt [1][2][3] Group 1: Financial Details - The proceeds from the private placement will be used to contribute capital to First Resource Bank and to retire $6 million of existing subordinated debt [1] - The new subordinated notes have a maturity date of December 15, 2035, and carry a fixed interest rate of 6.00% [2] - The notes can be redeemed in whole or in part after December 15, 2030, or upon certain regulatory events [2] Group 2: Company Background - First Resource Bancorp, Inc. is the holding company for First Resource Bank, which operates as a Pennsylvania state-chartered bank with three full-service branches [4] - The bank serves the banking needs of businesses, professionals, and individuals in the Delaware Valley, offering a full range of deposit and credit services [4] - First Resource Bank emphasizes personalized service and competitive pricing for its financial products [4]