Press Release

Republic Bank Hires Regional Vice President for Bucks County Market

Company Release - 5/1/2018 1:21 PM ET

PHILADELPHIA, May 01, 2018 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the parent company of Republic Bank, has announced that Jacqueline M. Fahey has been hired as Regional Vice President for the Bucks County market. In this role, Fahey will be responsible for lending and deposit relationships in Bucks County.

“Jacqueline is an outstanding commercial banking leader with proven track record in Bucks County,” said Harry Madonna, Chairman and CEO of Republic Bank. “For more than 15 years, she has lived, worked and developed key business relationships in the region, and her ability to build dynamic teams will help Republic Bank continue to strengthen and expand its presence in an important growth market.”

Fahey joins Republic Bank from TD Bank, where she spent four years as a Vice President/Senior Relationship Manager  for the Bucks County area.  She brings more than 11 years of experience from various financial institutions where she held roles of increasing responsibility, while cultivating lending and deposit relationships. A Philadelphia native, she attended Bucks County Community College and received her bachelor’s degree from Philadelphia University.

“As a banking professional, Republic Bank is an institution I have long admired,” said Fahey. “It values small business lending, emphasizes superior customer service and is focused on growing its footprint in the region. I look forward to leveraging both my experience and my connections in Bucks County to help the bank achieve its goals and offer the best banking experience to its Customers.”

Earlier this year, Republic Bank opened a new store at 599 South Oxford Valley Road in Fairless Hills – its first location in Bucks County. Additional openings in the market planned for 2018 and 2019 include locations in Bensalem, Feasterville and Southampton.

Building on the momentum of its aggressive growth plan, referred to as "The Power of Red is Back," Republic Bank continues to rapidly expand its regional footprint.  As one of the largest Philadelphia-based retail banking institutions with 23 convenient locations regionally, 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 23 offices located in Burlington, Camden, and Gloucester Counties in New Jersey and Bucks, Delaware, Montgomery and Philadelphia Counties in Pennsylvania.

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.

SOURCE: Republic First Bancorp, Inc.

Carly Buggy
484-385-2934 (office)

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Source: Republic First Bancorp, Inc.