First Priority Bank Creates Micro-Loan Fund for Entrepreneurs

Malvern, PA – June 03, 2010 - Mary Ann Messmer, President of First Priority Bank, announced the Bank’s creation of a micro-loan fund to provide working capital loans for small businesses. The loans are intended to provide a vehicle to help start up businesses only needing a loan of $1000 or less, get access to credit. To qualify, entrepreneurs need to be creditworthy and have a viable business plan.

The innovative loan fund was announced at the 6th Annual Leading Women Symposium & Golf Experience, sponsored by the Montgomery County Community College Foundation, held today at the Blue Bell Country Club. All event proceeds from this event support programs for women at the College.

Messmer explained, “The idea of a micro-loan fund seemed a perfect idea for First Priority Bank, headquartered in Malvern, but with offices in Blue Bell, Newtown, Plumsteadville, and Wyomissing, since the bank works with many entrepreneurs and small businesses.” “Many small businesses just need a little seed money, but the amount is so small, it’s difficult to find a lender. First Priority wants to help small businesses get off the ground,” she continued.

For information, interested parties are invited to contact First Priority’s branch office locations directly, call the main number – 610-280-7100, or visit the bank’s website, fpbk.com.

About First Priority Bank

First Priority Bank, a wholly owned subsidiary of First Priority Financial Corp., is a Pennsylvania state-chartered, FDIC insured, full service bank offering a broad range of personal and corporate banking products and services. First Priority Bank is headquartered in the Great Valley Corporate Center in Malvern, PA, and has branches in Blue Bell, Newtown, Pipersville and Wyomissing, PA. At March 31, 2010, First Priority Bank had total assets of approximately $250 million. For more information, visit www.fpbk.com or call 610-280-7100.

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