First Bank (NASDAQ: FRBA) has strengthened its position in Hamilton and Mercer County, NJ with a $19.4 million acquisition of Grand Bank.
The pending purchase, which is expected to be complete in the third quarter of 2019, would give the community bank six branches in Mercer County.
First Bank President and CEO Patrick L. Ryan said today that the community bank’s growth initiative includes its own backyard.
“If you look at our network of branches in New Jersey and Pennsylvania, Mercer County is the heart,” Ryan said. “As a relationship-driven, community bank, we would never neglect our own backyard.”
Once the acquisition is complete, First Bank will have two additional branches in Hamilton Township: 2265 Route 33 in Hamilton Square and 1 Edinburg Road in the Mercerville.