Republic Bank Hires Lumberton Store Manager

Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that Pedro Figueroa has been hired as the Store Manager for its new Lumberton, NJ location, which is scheduled to open in early 2019. In this role, Figueroa will lead the development of the store, work with employees to deliver outstanding customer service and develop business relationships within the community.

“Providing an exceptional banking experience to our customers starts with hiring great people,” said Harry Madonna, Chairman and CEO of Republic Bank. “Pedro exemplifies all of the qualities that we look for in a store manager. He has a proven track record of success in the region, and has received numerous accolades throughout his career. I am confident he will bring that same drive to promote growth at our new Lumberton location.”

Most recently, Figueroa was an Assistant Vice President and Branch Manager for Investors Bank’s Mount Laurel, NJ location. At Investors, he contributed to the growth of the branch by pursuing new business opportunities while maintaining a strong presence within the local community through active involvement and leadership roles in professional organizations. He previously worked for Valley National Bank from 2006 – 2014 and for Oritani Savings Bank from 2004 – 2006. Figueroa received his bachelor’s degree in finance and economics from Rutgers University.

“Republic Bank is well-regarded in the region and beyond for its customer-centric business model and philanthropic endeavors,” said Figueroa. “I am proud to join the team and excited to make an impact at our newest store in Lumberton.”

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 footprint and recently announced plans to open stores into New York City in 2019. As one of the largest Philadelphia-based retail banking institutions with 25 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 25 offices located in Atlantic, 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.

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