FRBK Republic First Bancorp Inc.

Republic Bank Hires Evesboro Store Manager

Republic Bank Hires Evesboro Store Manager

PHILADELPHIA, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of , has announced that Christopher Webb will serve as Store Manager for its new Evesboro (Marlton), NJ location, slated to open in December 2018. In this role, Webb will be responsible for training and supervising the team to deliver Republic Bank’s legendary customer service, while engaging with the business community.

“With nearly 20 years of banking experience in South Jersey, Christopher has proven himself as a successful leader and a team player,” said Harry Madonna, Chairman and CEO of Republic Bank. “We are excited to continue growing our presence throughout the region, by offering customers a better way to fulfill all their banking needs."

Webb enjoys extensive financial experience in the South Jersey region, previously holding senior positions at Bank of America, Citizens Bank and Sun National Bank. Throughout his career, he has earned an impressive track record for driving operational excellence, developing strong lending relationships and helping to foster a vibrant employee culture focused on customer service.

“Republic Bank’s brand is loved by customers throughout the region, and I’m excited to continue the momentum with the opening of the Evesboro store,” said Webb. “Republic embodies fanatic customer service and going above and beyond to support small businesses – traits I know will be embraced by our community.”

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, 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 .

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.

CONTACT

Carly Buggy

484-385-2934 (office)

EN
31/10/2018

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