Republic Bank Adds Peter M. Musumeci, Jr. to Board of Directors

PHILADELPHIA, Aug. 2, 2017 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that Peter M. Musumeci, Jr. has joined the Republic Bank Board of Directors.

"Pete is a strong addition to our Board of Directors, bringing decades of industry experience with high growth, customer-focused businesses," said Vernon W. Hill, II, Chairman of Republic First Bancorp, Inc. "His expertise will be vital to executing the bank's aggressive growth plan for years to come."

With more than 40 years of experience in the banking industry, Musumeci previously served as an Executive Vice President and Chief Credit Officer with Commerce Bank in Cherry Hill, NJ, joining the bank just one year after it was initially founded. He also worked as a consultant for Metro Bank Harrisburg in Pennsylvania and currently serves as a consultant for Metro Bank PLC in London, England.

"I have been honored to witness the incredible success of Vernon Hill's customer-centric business model firsthand both nationally and internationally," said Musumeci. "As Republic Bank continues to gain momentum and grow market share throughout the Greater Philadelphia region, I look forward to playing an integral role in the bank's mission to provide the absolute best banking experience in the country."

In addition to serving on Republic Bank's Board of Directors, Musumeci holds a seat on the Board of Trustees at Manhattan College in New York City, where he earned a Bachelor of Science degree in Business Administration.

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 21 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 21 offices located in Burlington, Camden, and Gloucester Counties in New Jersey and Delaware, Montgomery and Philadelphia Counties in Pennsylvania. In addition, Republic Bank offers a wide range of mortgage products through its wholly owned subsidiary, Oak Mortgage Company. 

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.

Related Links

http://www.myrepublicbank.com