Republic Bank Promotes Paul Amann to New York City Team Lead

Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that Paul Amann has been promoted to Team Lead for the New York market. He previously served as a senior vice president, middle market lender since joining the bank in July 2019, where he was responsible for commercial loan growth. In his new role, Amann will build upon his current responsibilities and look to develop the commercial and industrial, and real estate clients throughout the tri-state area.

Amann began his banking career at Commerce Bank under the leadership of Republic Bank Chairman Vernon W. Hill II. Most recently, he served as Vice President and Senior Commercial Relationship Officer at TD Bank, spending the last 9 years expanding the portfolio in the New York market. Amann has made a significant impact during his short time at Republic Bank, with back-to-back years of over $40 Million in loan growth.

“Paul rejoined the ‘Power of Red’ last year, and his contributions have been tremendous,” said Vernon W. Hill, II, Chairman, Republic Bank. “We are proud to recognize and reward his dedication to our brand, and his depth and breadth of knowledge of the New York market will continue to be critical to our success as we expand our footprint in the region.”

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.

CONTACTKelli Sheatsley610-349-6910

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc8e8151-4cc5-4855-96dc-5bafb5bfab4b