Press Release

Republic Bank Hires Somers Point Store Manager

Company Release - 11/19/2018 10:32 AM ET

PHILADELPHIA, Pa., Nov. 19, 2018 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, has announced that John Davidson will be the Store Manager for its new Somers Point, NJ location.  In his role, Davidson will be responsible for overseeing the branch’s operations and its employees – ensuring both are driven by excellent customer service at its core.

“Republic Bank is the institution that it is because of the personable, motivated and accommodating people that interact with our customers on a daily basis,” said Harry Madonna, Chairman and CEO of Republic Bank. “John exhibits all of these qualities, and more – and I am confident that he will not only set a good example for his employees, but also teach them tactics to truly satisfy and delight customers on the journey to their financial dreams.”

Davidson comes to Republic Bank from TD Bank, where he served as Vice President of the Somers Point branch since 2011 – playing a critical role in coaching the team to exceed its sales revenue and customer service goals, while building and maintaining relationships with qualified contacts in retail, small business and commercial industries. Prior to that, Davidson was a store manager at Wells Fargo Bank from 2010 to 2011; TJX Corporation/Marshalls from 2001 to 2010 and Consolidated Stores Corporation/Big Lots from 1997 to 2001. Davidson is a United States Army veteran and heavily involved in the community, volunteering his time for the Somers Point Business Association to help companies find the solution that best fit their unique business situation.

“Republic’s customer-centric and retail-based approach is utterly refreshing,” said Davidson. “I look forward to being involved in their movement to keep the personal touch involved in banking.”

Earlier this year, Republic Bank opened new stores in Clementon and Evesboro, NJ. Future openings are scheduled for Lumberton and Feasterville.

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. The bank also offers a wide range of residential mortgage products through its mortgage division, Oak Mortgage Company. For more information about Republic Bank, please visit www.myrepublicbank.com.

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.

CONTACT
Carly Buggy
cbuggy@briancom.com
484-385-2934 (office)

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Source: Republic First Bancorp, Inc.