Republic First Bancorp, Inc. appoints Steve McWilliams as

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PHILADELPHIA, Aug 25, 2021 (GLOBE NEWSWIRE) – Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company of Republic Bank, today announced that its subsidiary, Republic Bank, has appointed Steve McWilliams as chairman market for the Philadelphia metro area, including southern New Jersey and Delaware.

Mr. McWilliams has been Republic Bank’s primary lender for five years. Previously, he was a senior lender for Commerce Bank.

Vernon W. Hill, II, Chairman and CEO of Republic First Bancorp and Republic Bank said:

“Steve has been a valued member of our teams both at Commerce Bank and now at Republic Bank. He is particularly qualified to offer our Power of Red model. “

About the Bank of the Republic

Republic Bank is the trading name of Republic First Bank. Republic First Bank is a full-service, state-chartered commercial bank with deposits insured to applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank offers diversified financial products through its 32 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 on the Bank of the Republic, please visit www.myrepublicbank.com.

Forward-looking statements

The Company may from time to time make written or oral “forward-looking statements”, including statements contained in this press release and in documents filed by the Company with the Securities and Exchange Commission. The forward-looking statements contained in this document are subject to certain risks and uncertainties which could cause actual results to differ materially from those projected in the forward-looking statements. For example, risks and uncertainties may arise due to the negative impacts and disruptions of the COVID-19 pandemic and the measures taken to contain its spread to our employees, customers, business operations, credit quality, financial condition, liquidity. and operating results. ; the duration and extent of the economic contraction resulting from the COVID-19 pandemic; deterioration of general economic conditions; changes in customer behavior; changes in the adequacy of our allowance for loan losses and our methodology for determining this allowance; adverse changes in our loan portfolio and credit risk losses and expenses; changes in concentration within our loan portfolio, including our exposure to commercial real estate loans and our core service area; changes in interest rates; our ability to identify, negotiate, secure and develop new store locations and to renew, modify or terminate leases or effectively dispose of the properties of existing store locations; business conditions in the financial services industry, including competitive pressure among financial services companies, new product and service offerings by competitors, pricing pressures and the like; changes in deposit flows and loan demand; the regulatory environment, including changes in banking industry standards, changes in laws or regulations; our securities portfolio and the valuation of our securities; changes in accounting principles, policies and guidelines as well as the estimates and assumptions used in the preparation of our financial statements; operational risks, including, but not limited to, cybersecurity incidents, fraud, natural disasters and future pandemics; litigation liabilities, including costs, expenses, settlements and judgments; and other economic, competitive, government, regulatory and technological factors affecting our operations, prices, products and services. You should carefully consider the risk factors described in the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and other documents that we file from time to time with the Securities and Exchange Commission. The words “would”, “could be”, “should be”, “probability”, “risk”, “target”, “objective”, “could”, “will”, “estimate”, “project”, “believe “,” Intend “,” anticipate “,” plan “,” seek “,” expect “and similar expressions or variations thereof are intended to identify forward-looking statements. All such statements are made in good faith by us in accordance with the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. We do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on behalf of us, except as required by applicable law or regulations.

SOURCE: Republic First Bancorp, Inc.

CONTACT
Franck Cavallaro
(215) 735-4422

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d969d025-f041-439a-8d49-90223f7d407b


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