FIRST BANK (Hamilton)
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FRBA FIRST BANK (Hamilton)
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Financials : Banks | Small Cap Value
Company profile

First Bank is a commercial bank. The Company provides a range of lending, deposit and other financial products and services. It operates through Community Banking segment, which is engaged in providing a range of commercial and retail and related banking services. It offers a range of lending products to meet the needs of its customers located within its market areas, including commercial and industrial loans, commercial real estate loans, residential real estate loans, and consumer and other loans. It offers a range of deposit instruments, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts and certificates of deposit. The Company operates approximately 18 branches located in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Lawrence, Pennington, Randolph, Somerset and Williamstown, New Jersey, and Doylestown, Trevose, Warminster and West Chester, Pennsylvania.

Price
Delayed
$7.85
Day's Change
0.04 (0.51%)
Bid
--
Ask
--
B/A Size
--
Day's High
7.85
Day's Low
7.70
Volume
(Light)

Today's volume of 242 shares is on pace to be much lighter than FRBA's 10-day average volume of 14,656 shares.

242

UPDATE: Square sees COVID-19 leading to a 'significant and stabilizing' increase in cashless transactions

9:21 am ET September 15, 2020 (MarketWatch)
Print

Square Inc. (SQ) said Tuesday that the share of transactions made in cash was 33.3% as of Aug. 1, down from 40.6% at the same time a year ago. Using 2019 as a baseline indicator, the payment-processing company estimates the decline in the use of cash, as a result of the COVID-19 pandemic, would have taken three years without a public health crisis. In February, before COVID-19 was declared a pandemic, 5.4% of Square sellers were cashless. That percentage increased to 23.2% by April, before declining and showing signs of stabilizing at 13.4% by August. "These new findings show a significant and stabilizing increase in cashless adoption rates compared to pre-pandemic, with business owners increasingly reliant upon contactless and online payments and consumers utilizing those alternatives," Square economist Felipe Chacon said. "This signals that COVID-19 has already had what will likely be a lasting impact on consumer behavior." Square's stock, which was on the rise in premarket trading, has more than doubled, gaining 130.8%, in 2020 through Monday, while the S&P 500 has risen 4.7%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 15, 2020 09:21 ET (13:21 GMT)

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