EXTON, PA — First Resource Bancorp, Inc. (OTCQX: FRSB), the holding company for First Resource Bank, has announced the appointment of Jim Egan as Senior Vice President of Commercial Lending. Egan, a seasoned professional with a 40-year career in banking, brings unparalleled expertise and a legacy of success in fostering customer relationships and driving business growth.
Previously, Egan spent 38 years at Bryn Mawr Trust, where he served as Chief Commercial Lending Officer and Head of Commercial Real Estate. During his tenure, he developed a deep understanding of commercial lending and a reputation for delivering tailored financial solutions. At First Resource Bank, Egan will lead efforts to expand business opportunities, focusing on loans, cash management, and deposit services.
“I am thrilled to join First Resource Bank, a true community bank that places customer satisfaction at its core,” Egan remarked. “The Bank seamlessly combines the personal touch of a community bank with the competitive products and services of a larger one. Additionally, its presence in Wayne, PA—a market I’ve been proud to serve throughout my career—made this opportunity especially meaningful.”
Lauren Ranalli, Co-Founder and CEO of First Resource Bank, expressed her confidence in Egan’s leadership. “We are delighted to welcome Jim Egan to First Resource Bank. His extensive experience, proven leadership, and passion for customer satisfaction align perfectly with our mission. We are confident he will have a positive impact on our clients, our community, and the Bank’s continued success.”
A longtime Chester County resident and dedicated community member, Egan has contributed to various local organizations, including the American Red Cross Golf Committee and the Ardmore Rotary. He plans to continue his community advocacy, further strengthening the ties between First Resource Bank and the communities it serves.
Egan’s appointment aims to continue the bank’s commitment to providing personalized and high-quality banking services to individuals and businesses in Chester County.
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