Press Release

Republic Bank Announces Promotion of Sharon Hammel to Chief Retail Officer

Company Release - 2/28/2017 10:33 AM ET

PHILADELPHIA, Feb. 28, 2017 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that Sharon Hammel has been promoted to Chief Retail Officer. In this role, Hammel is responsible for the growth of the store network, as well as overall retail banking, consumer lending, store administration, marketing and product management.

"Over her career spanning more than three decades in banking, Sharon has demonstrated a tireless commitment to meeting customer needs and exceeding their expectations," said Harry Madonna, CEO of Republic Bank. "She has played an integral role in the bank's recent growth and will be instrumental as we continue to expand our footprint throughout New Jersey and Philadelphia."

Hammel joined Republic Bank in 2012 as Senior Vice President/Senior Retail Market Manager where, under her leadership, the bank experienced rapid momentum with core deposits growing more than 87 percent. Before her tenure at Republic Bank and following a 22-year career with Commerce Bank, Hammel also served as Senior Vice President/Senior Director of Relationship Banking at Beneficial Bank. In this role, she oversaw a key merger when Farmers and Mechanics was acquired by Beneficial.

"It is rewarding to be part of a dynamic growth organization focused on exceeding customer expectations," said Hammel. "Retail banking has always been my core focus, and I've worked to embrace it with integrity and passion. With this expanded role, I will have a greater impact in enhancing our deposit growth and customer experience."

Building on the momentum of its aggressive growth plan, coined "The Power of Red is Back," Republic Bank continues to rapidly expand its regional footprint. The bank has plans to open a second location in Cherry Hill, NJ, as well as five other locations in 2017. As one of the largest Philadelphia-based retail banking institutions with 19 convenient locations, Republic Bank stores are open seven days a week, 361 days a year, with extended lobby and drive-thru hours, providing customers with the longest hours of any bank in the area. The bank also offers absolutely free checking, free coin counting, ATM/Debit cards issued on the spot and access to more than 55,000 surcharge free ATMs worldwide via the Allpoint network.

About Republic Bank

Republic Bank is the operating name for Republic First Bank. Republic First Bank is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through its 19 offices located in Abington, Bala Cynwyd, Center City Philadelphia, Mayfair, Media, Plymouth Meeting, Torresdale and Wynnewood, Pennsylvania and Berlin, Cherry Hill, Glassboro, Haddonfield, Marlton, Moorestown, Voorhees and Washington Township, New Jersey.

Forward Looking Statements

Republic First Bancorp, Inc. ("the Company") may from time to time make written or oral "forward-looking statements", including statements contained in this release and in the Company's filings with the Securities and Exchange Commission.  These forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. These factors include competition, timing, credit risks of lending activities, changes in general economic conditions, price pressures on loan and deposit products, and other factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", and similar expressions are intended to identify forward-looking statements.  All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward-looking statement, whether written or oral that may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.

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SOURCE Republic First Bancorp, Inc.