Press Release

Republic Bank Hires Carol Hasenstab as Vice President in New York Market

Company Release - 9/23/2020 9:00 AM ET

PHILADELPHIA, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the hiring of Carol Hasenstab as Vice President and Store Manager of its 14th Street and 5th Avenue store in New York City. In this role, Hasenstab will continue to grow Republic Bank’s presence in the New York market by developing key business relationships and delivering outstanding customer service.

Republic Bank 14th & 5th Store
Republic Bank Hires Carol Hasenstab as Vice President in New York Market


Hasenstab has worked in the banking industry for nearly 30 years and has a successful track record of driving growth for financial institutions. In 2002, Hasenstab joined Vernon Hill and Commerce Bank to launch one of its first Long Island stores in Nassau County. Most recently, she was Vice President and Retail Market Manager for TD Bank’s Manhattan East region, where she oversaw full-scale efforts in implementing aggressive business development strategies for 23 store locations. Hasenstab also serves as a Board of Trustee member for the Executive Committee for Women’s United Council and is involved in many other business organizations and non-profit groups.

“Carol has a reputation for providing outstanding customer service, growing core deposits, ensuring operational excellence and increasing shareholder value,” said Vernon W. Hill, II, Chairman, Republic Bank. “We welcome her to the Republic Bank team and look forward to continuing to expand our footprint in the New York market.”

In 2020, Republic Bank was named America’s #1 Bank for Service in a national consumer satisfaction survey commissioned by Forbes. Whether banking in-person, online, via mobile or over the phone, Republic Bank delivers an unmatched customer experience and its modern stores, long hours, dog-friendly policies and free services such as coin counting set it apart from competitors large and small. The bank continues to expand its footprint throughout Philadelphia, Southern New Jersey and New York City as part of its “The Power of Red is Back” growth plan. Republic Bank’s 31 stores are open seven days a week, 361 days a year, with extended lobby and drive-thru hours, providing customers incredible convenience and flexibility. The bank also offers absolutely free checking, ATM/Debit cards and credit 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 31 offices located in Atlantic, Burlington, Camden and Gloucester Counties in New Jersey; Bucks, Delaware, Montgomery and Philadelphia Counties in Pennsylvania and New York County in New York. 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
Kelli Sheatsley
610-349-6910

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3419be5f-a840-48f6-982c-8c3e8aade99e


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Source: Republic First Bancorp, Inc.