• As of August 23, 2023, the Company’s common stock no longer trades on Nasdaq.
• This change occurred because of a delay in filing Republic’s Annual Report on Form 10-K for 2022 with the Securities and Exchange Commission.

• On August 24, 2023, the Company's common stock began trading on the OTC Expert Market, a regulated trading venue for broker-dealers and other professional or sophisticated investors.
• Investors may consult with their financial advisor or broker to learn whether and how they may get information about the Company's common stock and execute trades on the OTC Expert Market.

The OTC Expert Market is a regulated trading venue where broker-dealers can satisfy their best-execution obligations on behalf of investors.

• The Company believes its stock will be eligible to automatically move off the OTC Expert Market and onto the OTC Pink Market after meeting listing requirements including being current with its SEC filings.
• As previously announced, the Company may apply to list on a major exchange after it files all delayed reports and meets other listing requirements.

Yes.

• The Company expects continued liquidity in its stock.
• As with all stocks, trading volume and liquidity is a function of the number of buyers and sellers transacting.

• The Company’s new executive team and Board of Directors worked hard to avoid this change in listing status, and they are currently engaged with the Company’s independent auditor and experienced outside advisors to complete the delayed reports and file them as soon as practicable.
• Republic’s audit and financial filings have been delayed, in part, by the former executive team’s failure to maintain adequate internal controls and related to a systems conversion implemented in June 2022.
• Consequently, the audit process that new management and the Company’s external advisors had to undertake has been extensive and time-consuming.

• The Company will continue to support and provide its clients with superior service as it has in the past.
• Republic does not expect the change in listing status to impact the balance sheet or capital position of the Company.
• The Company may apply to list on a major exchange after it files all delayed reports and meets other listing requirements.
• The new management team remains focused on implementing Republic’s strategic plan, which includes a renewed emphasis on core banking services, strengthening franchise value in its highly attractive Metropolitan Philadelphia and Southern New Jersey markets and improving operational efficiencies.

• The change in the Company’s listing status has no impact on the Bank’s deposit base, FDIC insurance for deposits, and financial position.

• The change in the Company’s listing status has no impact on the Bank’s business operations and human capital management decisions.

• The change in the Company’s listing status has no impact on the Bank’s store footprint or future decisions regarding that footprint.