Republic Bank Opens Second Store in Cherry Hill, NJ

PHILADELPHIA, June 26, 2017 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, opened its second store location in Cherry Hill at 457 Haddonfield Road on Saturday, June 24. Featuring Republic Bank's renowned all-glass cube design, this marks the first of five new stores set to open in 2017 throughout the Greater Philadelphia region. As part of its growth strategy, Republic Bank plans to expand its regional footprint with locations in Sicklerville, Medford, and Gloucester Township, NJ and Fairless Hills, PA prior to the end of this year.

"As customer demand continues to drive our store growth, Republic Bank is excited to bring our customer-focused banking experience to more neighborhoods throughout the region," said Harry D. Madonna, CEO of Republic Bank. "With the addition of our second store in Cherry Hill, we will be able to provide our valued customers with increased access to convenient personal and business banking services, along with the highest level of customer service." 

The Grand Opening also officially begins Republic Bank's partnership with the Peter and Betsy Fischer Food Pantry, which provides non-perishable, kosher food and personal care items to food-insecure households in Camden, Burlington and Gloucester Counties. One month following the opening, Republic Bank will continue its mission of serving the communities in which it operates by making a donation to this Jewish Family & Children's Service of Southern New Jersey (JFCS) pantry.

Building on the momentum of its aggressive growth plan, coined "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 20 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 20 offices located in Burlington, Camden, and Gloucester Counties in New Jersey and Delaware, Montgomery and Philadelphia Counties in Pennsylvania.

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.