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But friends and acquaintances of the couple even those with nothing but kind words for them almost universally refused to speak on the record for this story. In his new position, Abell will be responsible for implementing the banks strategic plan, including guiding its digital transformation, and the overall growth of the enterprise. "Tim Abell is an exceptional banker and charismatic leader who lives and breathes the Firstrust culture and our commitment to our customers and the community," Green said. Should you need additional information regarding ABA routing numbers, please contact Customer Care at 800-220-BANK. I didn't spot any thrones in Firstrust's Conshohocken headquarters, but I did ask Green how he felt to be finally getting the top job at age 63. "As a family-owned commercial bank with roots in Philadelphia, our mission has always been to cultivate prosperity for the communities we serve. Richard's grandfather, Samuel, founded the bank in 1934, and during Richard's career was privileged to have worked with both his grandfather, and father, Daniel. 1) YOUR SAFETY AND THE SAFETY OF OUR EMPLOYEES IS OUR NUMBER ONE PRIORITY: But then came the divorce, This search result is here to prevent scraping. Sign up for monthly business insights and strategies specific to the Philadelphia region. Richard Green Philadelphia, Pa Usa Mr. Richard J. Firstrust is now the largest family-owned, full-service, commercial bank in the Greater Philadelphia region. US STOCKS-Futures edge higher with earnings underway, United Airlines rises, Media startup Semafor plans buyout of Sam Bankman-Fried's investment - NYT, UPDATE 1-Davos 2023: Moderna CEO in talks with China to supply COVID vaccines, UPDATE 1-Euro zone bond yields slip after Bank of Japan holds firm. All rights reserved. Rocketreach finds email, phone & social media for 450M+ professionals. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Ive been doing this for 45 years, that Ive been paid. Tweet. The Ultimate Guide to the World Series (For Phillies Fans and Bandwagon Jumpers), Ultra-rich banker Richard Green and his socialite wife Marla skillfully mixed business with marriage. Green and Abell spoke to The Inquirer about the transition and the state of their business. Daniel was the Chairman and CEO of Firstrust Bank from 1970-2005 and Chairman Emeritus until his death in 2020. I wanted to discuss the general parameters of the arrangement with her first, griped Green, but he went on to agree to advance funds for Marlas start-up wealth management firm to the tune of up to $2.5 million, to be deducted from their future divorce settlement. About the Speaker: Richard J. Copyright 2023 Firstrust Bank. Richards grandfather, Samuel, founded the bank in 1934, and during Richards career was privileged to have worked with both his grandfather, and father, Daniel. Green, chairman and CEO of Firstrust Bank, has acquired the majority voting shares and control of the institution from his father, Daniel. View original content to download multimedia:https://www.prnewswire.com/news-releases/firstrust-announces-timothy-j-abell-will-become-ceo-richard-j-green-to-serve-as-executive-chairman-301620709.html, https://www.prnewswire.com/news-releases/firstrust-announces-timothy-j-abell-will-become-ceo-richard-j-green-to-serve-as-executive-chairman-301620709.html. We are making a $1 Million donation to several nonprofits to provide food, housing and other essential support in response to this pandemic throughthe Green Family Foundation, established in honor of my parents. CONSHOHOCKEN, Pa., Sept. 8, 2022 /PRNewswire/ -- Firstrust Bank today announced that President Timothy J. Abell will become CEO as part of a long-planned executive transition that will ensure business continuity and growth for the region's largest and strongest full-service, family-owned bank. Mar. GREEN: Its kind of a laboratory, like Betsy Cohens [Delaware-based)] Bancorp Bank, to find what services we can do for the new financial technology [fintech] lenders. During his tenure as CEO, Green led several successful transformations for Firstrust, including its transition to a full-service commercial bank, the reinvention of Hatch Bank, a subsidiary of Firstrust, into a bank focused on serving the Fintech community, as well as deftly navigating Firstrust through the Great Recession and the Global Pandemic. I have no doubt that the talented professionals in our Firstrust Family, as well as the good and resilient people of our Country, will rise to meet -- and defeat -- the challenges posed by this virus. But the courtroom battle which is playing out simultaneously in Philadelphia and Montgomery County courts has only gotten uglier. The Americanism Award recognizes individuals or companies in . "Fortunately for me and the Firstrust Family, he is stepping up, not down. Firstrust is a Small Business Administration (SBA) Preferred Lender, is a Top Workplaces employer, the Official Bank of the Philadelphia Eagles and serves its customers through 19 branch banking offices located in Southeastern PA, Cherry Hill, NJ, and Towson, MD. About Firstrust Bank Here Are Four Ways to Spot Greenwashing, The School Board Queen Endorsed by Florida Governor Ron DeSantis, The School Board Queen: How a Florida Mom Is Shaking Up US Education, The Idea of Parental Rights in Education Goes Back to the 1950s, Ryan Salame Invested Big In ASmall Town, Now Its Tangled Up In FTXs Fallout(Podcast), Fight to Regulate Crypto atCrossroads as Ripple Ruling Looms. DiDio, as well as another Firstrust employee named Lora Epstein (who was present at the dinner in question), had been fired from Firstrust one month earlier and sued by the bank, along with Marla, for ongoing theft of trade secrets. Marla had fought back with a countersuit on the day before Richards 53rd birthday, two weeks prior to the barbecue blowup. The Firstrust Bank management team includes Peggy Leimkuhler (EVP, Chief Operating Officer), Tim Abell (President), and Brian McHugh (Senior Vice-President, Information Technology) . Richard J. In our lifetimes there will still be a place for a branch. Green, who has spent his 45 year banking career building Firstrust, will become the Executive Chairman of the Board of Directors. Firstrust Bank is a $3 billion, full-service commercial bank headquartered in the Philadelphia region. And the bank the Greens founded is the largest of a very few area banks that are still family-owned. Green joined Firstrust Bank in 1978 as General Counsel. Three generations of the Green family - Samuel A., Daniel B. and Richard J. Richard J Green, Firstrust Savings Bank: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Chief Future Officer:Jack Hartung, Chipotle CFO Bloomberg Radio Bloomberg. Green, their son, serves as Trustee for the Foundation. As we continue to work together in our individual capacities, I am excited to grow the Firstrust legacy of outstanding customer service, commitment to the prosperity of our community while continuing to invest in our people, technology and innovation.. He joined Firstrust in 2004 and during his tenure has expanded the bank's small business, commercial and real estate lending businesses, developed newbusiness lines, overseen theinvestment in digital technologies, theexpansion into the Maryland market and the growth of the subsidiaries. It enables us to focus on longtime value creation, not growth for growths sake. That's why we're thrilled to partner with the Eagles and offer exciting new community programs, banking products and services, and so much more." 2) ENSURING GREAT SERVICE WHEREVER YOU ARE, WHENEVER YOU WANT, THROUGH WHATEVER CHANNEL YOU WISH: For more information, visit firstrust.com or call 800-220-BANK. (Court papers do not report Richards account of the alleged incident.) Chairman and CEO. In his new position, Abell will be responsible for implementing the bank's strategic plan, including guiding its digital transformation, and the overall growth of the enterprise. and Firstrust are excited to continue to support regional high school students as they pursue higher education," said Richard J. CALL. Firstrust is a special bank with a professional, caring and motivated team that is passionate about our customers and their success, and the well-being of the communities we serve, Abell said. Green is C.E.O. The Greens Richard, his father Daniel, and Richard's brothers Arlin and Benjamin own virtually every share in Firstrust Savings, the regional bank with more than 20 branches that Richard . I want to accelerate that. He has served as Firstrust's President since 2007 and as a member of the Board of Directors since 2016. Some things we have to customize, but a lot we can take right off the shelf, from the same vendors much larger banks also select. So, Green, the third-generation leader of his family-run Firstrust Bank, bought a share in the team and with that, a chance to stand on the sidelines. Current Board Chairman and CEO, Richard J. And we have Apex Commercial Capital, which does equipment leasing and real estate finance, services that not everyone offers. FILTERS. Sign up for monthly business insights and strategies specific to the Philadelphia region. Green - for his entire career at Firstrust and our predecessor, First Federal Savings and Loan. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Green serves as Vice Chairman at Firstrust Savings Bank and has been its Chief Executive Officer since 1995. February 16, 2017 Drexel University's LeBow College of Business has named Richard J. As a Country, we have encountered storms before, and likely, will see more again, but - we can and will weather them, working together. Share. Green (Author) Paperback. All rights reserved. Richard has made an indelible mark on the bank and on the Greater Philadelphia community, he added. Copyright 2023 Firstrust Bank. As a result, effective March 18th, while our branches will remain open, we have temporarily closed our walk-in lobby service. Need Help? Abell was born and raised in Philadephia and has longstanding ties throughout the community. The Greens are the bottom line. For the first time a non-Green is taking the top job: the bank's current second-ranking officer, Timothy J. Abell. Our mobile app for iPhone and Android devices makes banking a snap. But as of Jan. 1, Richard J. Paperback - May 1, 1980. by Richard J. We are not successful today because of what we did last week but because we made decisions months and years ahead. He will be the first non-family member to serve as CEO and he will remain President. About The Green Family Foundation. Visit Site; For Rent For Sale Auctions. He has served as Firstrusts President since 2007 and as a member of the Board of Directors since 2016. Tim Abell is an exceptional banker and charismatic leader who lives and breathes the Firstrust culture and our commitment to our customers and the community, Green said. Richard Green transferred the $2.25 million into an account Legacy had at Firstrust in September, according to Marla Green's lawsuit. City Year was founded in 1988 as a national service program to unite young adults . Founded in 1934, with assets of approximately$5 billion, Firstrust Bank is the region's largest family-owned financial institution, one of the region's largest and strongest full-service commercial banks, and one of the most consistently top-performing banks in the Nation. . Get 5 free searches. Firstrust isnt just any bank; its a bank that is run on the guiding principle of keeping it in the family. WE ARE PRIMARILY FOCUSED ON FOUR THINGS: Firstrust is a Small Business Administration (SBA) Preferred Lender, is a Top Workplaces employer, the Official Bank of the Philadelphia Eagles and serves its customers through 19 branch banking offices located in Southeastern PA, Cherry Hill, NJ, and Towson, MD. The estimated Net Worth of Richard R Green is at least $787 Thousand dollars as of 14 June 2022. Green, who has spent his 45 year banking career building Firstrust, will become the Executive Chairman of the Board of Directors. Richard's grandfather, Samuel, founded the bank in 1934, and during Richard's career was privileged to have worked with both his grandfather, and father, Daniel. With his vast experience and in-depth knowledge of our industry and Firstrust, he will continue to contribute to our ongoing success," said Richard J. Marla and Richard Green were the public face he the CEO, she the chief marketing officer of a very private bank. Copyright 2023 Firstrust Bank. When the Greens converted Firstrust from an S&L to a bank in 1986 and bought out 98 percent of its shares, they called the name of the buyout vehicle Semperverde Always Green. There are no SEC filings detailing the Greens salaries and bonuses and perks, no independent board of directors or cranky shareholders pressuring them to branch out, grab market share, beef up the bottom line. Green, Chairman and CEO of Firstrust Bank (left) with Don Smolenski, Philadelphia Eagles President (right) at Lincoln Financial Field. GREEN: Technology is actually a great leveler between large and small banks. His son Jeff is 27 and ironically still too green for the role. - Business There is big news for the Firstrust Family! Green, who has spent his 45-year banking career building Firstrust, will become the Executive Chairman of the Board of Directors. The Green family and Firstrust Bank have been strong and committed supporters of City Year since its expansion to Philadelphia in 1997. Richard's grandfather, Samuel, founded the bank in 1934, and during Richard's career was privileged to have worked with both his grandfather, and father, Daniel. He will be the first non-family member to serve as CEO and he will remain President. Digital Marketing Coordinator at Firstrust Bank And, I will continue to communicate with you, as needed, to reassure you that we will continue to be vigilant in honoring the trust that you have placed with us at Firstrust. If you're a human and see this, please ignore it. Current Board Chairman and CEO , Richard J. If you need any assistance accessing these online services, please call 800-220-BANK or contact your Branch Manager or Relationship Manager. During his tenure as CEO, Green led several successful transformations for Firstrust, including its transition to a full-service commercial bank, the reinvention of Hatch Bank, a subsidiary of Firstrust,into a bank focused on serving the Fintech community, as well as deftly navigating Firstrustthrough the Great Recession and the Global Pandemic. Daniel B. As we continue to work together in our individual capacities, I am excited to grow the Firstrust legacy of outstanding customer service, commitment to the prosperity of our community while continuing to invest in our people, technology and innovation.". Under his leadership, Philadelphia's Hometown Bank and the Official Bank of the Philadelphia Eagles has become national in capability, technology and innovation, while remaining local and personal in its service to its customers, while growing its assets to more than $5Billion. Hear the latest economic, business and market news, as well as global, national, and local news. Anytime, anywhere. Try for free at rocketreach.co . Both Richard and Marla Green, as well as DiDio, declined to comment for this story; it has been reported largely through their extensive court filings. Drexel University's LeBow College of Business has named Richard J. Naturally, that level of wealth, as well as their social and charitable activities, drew attention to the Greens. Our team is available to assist you with accounts, transfers, debit cards, online banking, and more. Sign up for monthly business insights and strategies specific to the Philadelphia region. Our mobile app for iPhone and Android devices makes banking a snap. Green, who has spent his 45 year banking career building Firstrust, will become the Executive Chairman of the Board of Directors. Oops, I tripped, he added, according to one account. Green, their son, serves as Trustee for the Foundation. He has been a limited partner in the Philadelphia Eagles . GREEN: Im a man of a certain age Im 70. Five billion dollars is big enough to fund a lot of [client] transactions, but small enough to keep our relationships. Company Website. Richard Green will pass the baton to the Conshohocken-based bank's president, Timothy J. Abell, on Jan. 1 as part of a long-planned executive transition. See All 48 Reviews Diversity & Inclusion at Firstrust Bank 3.6 ( 17 Reviews) "It does help that we have one shareholder: Im demanding, but patient," says owner and outgoing chief executive Richard Green. Richard J. If you're a scraper, please click the link below :-) While we are confident you will be able to reach one of our talented Bankers or Relationship Managers during these times, we are providing the contact information for our Leadership Team below to give you further assurance we are here and ready to serve you. And Firstrust Financial Resources, thats wealth management. Firstrust is also one of the last of the former herd of banks based in the region, and which competed to finance small employers, family businesses, and family loans. Current Board Chairman and CEO, Richard J. Employees in the Firstrust case, at least half a dozen find themselves dragged in. [It has about half as many branches as Univest or Republic, whose loans and deposit totals are similar to Firstrusts.] Search for answers to common questions & more! The unlucky guest was Jim DiDio, a 30-year employee of Firstrust Bank, the Conshohocken bank of which Richard Green is the CEO. He has served as Firstrust's President since 2007 and as a member of the Board of Directors since 2016. Personal interests are weighed against professional ones. Firstrust Bank, originally known as First Federal Savings and Loan of Philadelphia, was started by Dan's father, Samuel A. Green's comments came during his acceptance speech for the ADL's Americanism Award. "The bank Richard Green leads, Firstrust, is considered one of the strongest, best capitalized banks in the . B. I have had the privilege of working side by side with Tim for the past 18 years, and I have complete confidence in his leadership and ability to accelerate the banks growth and serve the community that we both love.. Green to Serve as Executive Chairman Conshohocken, Pa., (September 8, 2022) - Firstrust Bank today announced that President Timothy J. Abell will become CEO as part of a long-planned executive transition that will ensure business continuity and growth for the region's largest and strongest full-service, family-owned bank. All rights reserved. Green's work is his life, and he seizes opportunities to make it enjoyable. And if its in a partys professional interest to see ones estranged spouses reputation dragged through the mud, it may well happen. "Richard has made an indelible mark on the bank and on the Greater Philadelphia community," he added. In addition, he makes $323,535 as Independent Director at Liberty Global plc. "He needs to have a few more gray hairs, or no hair at all," the elder Green said. Fortunately for me and the Firstrust Family, he is stepping up, not down. Mr. Green serves as Vice Chairman, Chief Executive Officer and President of Semperverde Holding Company. The Daniel B. Richard Green/Firstrust. Richard J. Im in good shape, and the banks in good shape. EXPLAINER-Jim Ratcliffe: who is the INEOS founder bidding for Manchester United? New Superintendent Tony Watlington Wants to Transform Philly Schools, Martino Cartier Demands $50 Million from HSN In Defamation Suit, Saks Fifth Avenue Sued for Racial Discrimination by Philly Woman. As Firstrust's C.E.O., his primary responsibility is o. Green Scholarship Program. Its current CEO, Richard Green, is 70 years old. They all know us, and they know were a family business, too. Get Richard Green's email address (r*****@usicllc.com) and phone number at RocketReach. Chairman and Chief Executive Officer Firstrust Bank Management Management Sales Department Marketing Department Finance Department HR Department IT Department Firstrust Bank employs 430 employees. Firstrust offers a broad range of retail and commercial banking products and services to individuals, businesses, and institutions. Green, Chairman and CEO of Firstrust Bank, as its 2017 Business Leader of the Year. During his tenure as CEO, Green led several successful transformations for Firstrust, including its transition to a full-service commercial bank, the reinvention of Hatch Bank, a subsidiary of Firstrust,into a bank focused on serving the Fintech community, as well as deftly navigating Firstrustthrough the Great Recession and the Global Pandemic. Green, their son, serves as Trustee for the Foundation. Out of concern for the health of our employees and the health of others, using CDC guidance and best practices, we have encouraged our employees to work from home when possible and to work through digital channels. And, we are inspired by the selfless and tireless work of those healthcare providers who are working to care for people in need. TO OUR VALUED CUSTOMERS: Green Business Sep. 08, 2022 | Updated 10:45 AM ET I am very pleased to announce Tim Abell will become CEO effective Jan. 1, 2023. Richard Green, Chairman and CEO of Firstrust Bank was awarded the ADL's Americanism Award. Mr. Green serves as Vice Chairman, Chief Executive Officer and President of Semperverde Holding Company. There are a lot of family businesses in our area. And we will spend more; thats where banking is headed. For more information, visit firstrust.com or call 800-220-BANK. Richard J. But then came the divorce, This search result is here to prevent scraping. Under his leadership, Philadelphia's Hometown Bank and the Official Bank of the Philadelphia Eagles has become national in capability, technology and innovation, while remaining local and personal in its service to its customers, while growing its assets to more than $5Billion. Banker Richard Green likes the Eagles. "Richard has made an indelible mark on the bank and on the Greater Philadelphia community," he added. 35 years after a failed bid to buy the team, Firstrust chairman closes a different kind of deal with the Eagles Enlarge Firstrust Bank Chairman and CEO Richard Green has been a minority. I know a lot of the people you see in The Inquirer who own very large businesses the Yohs [Day & Zimmerman], the Woods [Wawa]; Harold Scattergood [Boenning & Scattergood] was my neighbor. If you're a human and see this, please ignore it. He has been a Trustee at Lehigh Valley Health Network, Inc. since January 1997. Drexel University's LeBow College of Business named Richard Green, chairman and CEO of Firstrust Bank, its 2017 Business Leader of the Year. As part of the transition, I will become Executive Chairman of the Board and, of course, remain owner of the bank. Sign up for monthly business insights and strategies specific to the Philadelphia region. This planned transitionwill become effective on January 1, 2023. Friends in the Greens case, film czarina Sharon Pinkenson and her husband Joe Weiss, Howard and Lynn Shecter, Jeffrey and Christina Lurie may be forced to choose sides. $3.00 1 Used from $4.49 1 New from $3.00. richard green CEO at Firstrust Bank Bryn Mawr, Pennsylvania, United States Join to Connect Firstrust Bank Experience CEO Firstrust Bank See who you know in common Get introduced Contact. Abell has more than 30 years of experience working with businesses and entrepreneurs in the Philadelphia region. The Anti-Defamation League (ADL) event that honored Firstrust Bank Board Chairman and CEO Richard L. Green became an opportunity for the corporate leader to decry society's alarming rise in hate. "I have had the privilege of working side by side with Tim for the past 18 years, and I have complete confidence in his leadership and ability to accelerate the bank's growth and serve the community that we both love.". Were spending a lot of money on our digital transformation. Three generations of the Green family - Samuel A., Daniel B. and Richard J. And were the official bank of the Philadelphia Eagles. No credit card required. Current Board Chairman and CEO, Richard J. Founded by Samuel A. Green, the second-generation leader of family-owned Firstrust Bank, who also was heavily involved in the Jewish community, died Aug. 26 in Rancho Sante Fe, California. Our History A Classic Success Story The history of Firstrust and the Green family is a classic American and Philadelphia success story. Managing accounts is easy with simplified layouts and intuitive navigation. It will award college-bound high school seniors with two-year academic scholarships totaling $360,000. Note that clicking the link below will block access to this site for 24 hours. Daniel B. When I was talking to Richard Green, the newly elevated chairman of Firstrust Bank, Prince Charles came to mind. New Superintendent Tony Watlington Wants to Transform Philly Schools, Martino Cartier Demands $50 Million from HSN In Defamation Suit, Saks Fifth Avenue Sued for Racial Discrimination by Philly Woman. Abell has more than 30 years of experience working with businesses and entrepreneurs in the Philadelphia region. The Green Family Foundation was established in 2005 by Samuel A. Green's son and daughter-in-love, Daniel and Florence ("Flo"). Richard J. Green - passed away at his home, peacefully, on August 26 at the age of 98. A. From 2015: At 93, Dad steps aside to give his son the top job, California residents do not sell my data request. He will be the first non-family member to serve as CEO and he will remain President. Green, who has spent his 45 year banking career building Firstrust, will become the Executive Chairman of the Board of Directors. ABOUT. Firstrust is a Small Business Administration (SBA) Preferred Lender, is a Top Workplaces employer, the Official Bank of the Philadelphia Eagles and serves its customers through 19 branch banking offices located in Southeastern PA, Cherry Hill, NJ, and Towson, MD. Current Board Chairman and CEO , Richard J. Kelsey & Camille Grammer. As always, but particularly during this time, we are supporting our communities through philanthropic donations to support where we live and work. This planned transitionwill become effective on January 1, 2023. Anytime, anywhere. For more information, visit firstrust.com or call 800-220-BANK. Being married and in business together is a tough line to straddle when things are good ask Rupert Murdoch and Wendi Deng, or the owners of your favorite BYOB. Firstrust has sponsored a City Year team since the organization came to Philadelphia 20-plus years ago, he says, explaining that the family's roots in South and West Philadelphia played a part in choosing to partner with this organization. Harris Bank. Cision Distribution 888-776-0942 Richard's grandfather, Samuel, founded the bank in 1934, and during Richard's career was privileged to have worked with both his grandfather, and father, Daniel. Green, Trustee of the Foundation and Chairman and CEO of Firstrust." . Richard J. Green, currently chairman and CEO,. For 88 years, patriarchs of the Green family owned and ran whats now called Firstrust Bank founder Samuel, son Daniel, grandson Richard. "Firstrust is a special bank with a professional, caring and motivated team that is passionate about our customers and their success, and the well-being of the communities we serve," Abell said. "It's a great thrill," he said. Mr. Richard J. by the end of april, lower merion police had been called to the greens' 26-room house at least five times, and the couple had filed motions for protection from abuse against each other, joined with. This planned transition will become effective on January 1, 2023. from 8 AM - 9 PM ET. The event ceremony was held at the Crystal Tea Room, hosted by Sharrie Williams from ABC. We dont have to worry as much about quarterly earnings reports. And, all branches will continue to be available during our normal business hours to serve you by appointment or over the phone, by calling your local branch (the number of each branch can be found on ourwebsite) or by calling our Customer Care Center at 800-220-BANK, or your Relationship Manager. Amidst the disruption and uncertainty related to COVID-19, please be assured that we at Firstrust are here and ready to meet your needs to continue to protect your hard-earned savings, to help you manage your personal financial affairs, to support your businesses, to honor our commitments to you and to provide you with other financial advice that you may need. S LeBow College of business has named Richard J while our branches will President... Valley Health Network, Inc. since January 1997 Firstrust Savings Bank and on Bank... Story the History of Firstrust Bank, Prince Charles came to mind of has. Francisco provides listeners with everything they need to know is run on guiding!, his primary responsibility is o, 2023 Samuel A., daniel B. and Richard J spend more ; where. One account, we are inspired by the selfless and tireless work those... Our relationships live and work Care for people in need x27 ; s LeBow of. 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