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First Bank launches digital account opening solution

Broadcast United News Desk
First Bank launches digital account opening solution

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In Hamilton First Bank Launched a new digital business and consumer account opening experience powered by throw away Customers can open an account digitally with First Bank in just minutes, without having to visit a branch, increasing convenience and driving new digital channels for deposit growth.

“How customers want to interact with their financial partners is evolving rapidly. Providing seamless account opening services is critical for community banks seeking to provide businesses, entrepreneurs and consumers with a simplified digital experience,” said Patrick Ryan, Bank One CEO and President. “Bank One is committed to providing customers with digital banking services that complement the bank’s traditional relationship-driven model. This is a winning formula for us to grow our core business.”

The addition of online account opening capabilities is another milestone in the bank’s larger digital strategy. In 2023, FirstBank launched an online business loan application portal designed to digitize and expedite loan financing of up to $500,000 for small businesses throughout the region.

Online account opening also helps First Bank build and expand relationships within and beyond its direct geographic footprint. The new digital account opening experience provides adaptive workflows for each account type and clearly guides applicants through the account opening process for a truly best-in-class experience.

“We are proud to help transform the way businesses and consumers interact with First Bank,” said Nikhil Lakhanpal, co-founder of Narmi. “Narmi is excited to be a part of First Bank’s larger digital banking strategy.”

First Bank has 26 full-service branches located in Cinnaminson, Delanco, Danville, Ewing, Fairfield, Flemington(2), Hamilton, Lawrence, Monroe, Morristown, Pennington, Randolph, Somerset and Williamstown in Pennsylvania; and Coventry, Devon, Doylestown, Glen Mills, Lionville, Malvern, Paoli, Trevose, Warminster and West Chester in Pennsylvania; and Palm Beach, Florida. With $3.59 billion in assets as of March 31, First Bank offers a full range of deposit and loan products to individuals and businesses in the New York City to Philadelphia corridor.



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