July 15, 2024

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Republic First Bancorp, Inc. Appoints Harry D. Madonna Interim Chairman

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Republic First Bancorp, Inc. Appoints Harry D. Madonna Interim Chairman
Republic First Bancorp, Inc. Appoints Harry D. Madonna Interim Chairman

PHILADELPHIA–(Business WIRE)–Republic Very first Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the dad or mum corporation of Republic Initial Bank d/b/a Republic Lender (the “Bank”), today announced that its Board of Directors (the “Board”) has appointed Harry D. Madonna interim Chairman of the Board, succeeding Vernon W. Hill, II, efficient right away. Mr. Hill will stay a director on the Board and the Company’s Main Government Officer.

In addition, the Board has appointed director Lisa R. Jacobs as Company Secretary of the Firm. The transition of these positions follows the passing of director Theodore J. Flocco, Jr.

Mr. Madonna stated, “I glimpse forward to continuing to do the job with the Board and our workforce and creating worth for our constituents.”

Mr. Madonna has additional than 30 a long time of banking practical experience, founding Republic Lender in 1988 and serving as its Chairman until March 2021. He also served as CEO of the Financial institution from January 1, 2000 until eventually 2021. Moreover, he served as Chairman of the Company from its formation in 1996 right up until 2016 and CEO of the Company from January 2000 right up until March 2021. From 2002 to 2005, he was of counsel to Spector Gadon & Rosen, Computer, and, from 1980 to 2001, a spouse of Blank Rome LLP.

About Republic Lender

Republic Financial institution is the running title for Republic Initial Bank. Republic Very first Bank is a full-assistance, condition-chartered industrial financial institution, whose deposits are insured up to the relevant limits by the Federal Deposit Insurance Corporation (FDIC). The Financial institution provides diversified economic products as a result of its 34 offices found 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 financial institution also features a wide assortment of household property finance loan goods via its property finance loan division, Oak Mortgage Enterprise. For far more data about Republic Lender, make sure you stop by www.myrepublicbank.com.

Ahead Looking Statements

The Corporation may possibly from time to time make penned or oral “forward-hunting statements”, including statements contained in this launch and in the Firm’s filings with the Securities and Exchange Commission. These ahead-wanting statements include things like statements with respect to the Firm’s beliefs, designs, objectives, aims, anticipations, anticipations, estimates, and intentions that are matter to substantial challenges and uncertainties and are matter to change centered on numerous variables, many of which are further than the Firm’s regulate. These elements incorporate opposition, timing, credit history pitfalls of lending actions, adjustments in basic economic situations, price tag pressures on personal loan and deposit products, and other things in-depth from time to time in the Firm’s filings with the Securities and Exchange Fee. The phrases “may”, “could”, “should”, “would”, “believe that”, “anticipate”, “estimate”, “assume”, “intend”, “prepare”, and comparable expressions are supposed to determine forward-hunting statements. All these types of statements are designed in very good religion by the Organization pursuant to the “harmless harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. The Organization does not undertake to update any ahead-searching statement, irrespective of whether composed or oral that might be made from time to time by or on behalf of the Company, besides as may be expected by relevant regulation or polices.

Critical Added Facts

The Corporation intends to file a proxy assertion and may perhaps file a proxy card with the Securities and Exchange Commission (the “SEC”) in relationship with the Company’s 2022 Yearly Meeting of Shareholders (the “2022 Once-a-year Meeting”) and, in link therewith, the Company, specific of its administrators and govt officers will be individuals in the solicitation of proxies from the Company’s shareholders in link with these types of meeting. SHAREHOLDERS OF THE Firm ARE STRONGLY Encouraged TO Read through These types of PROXY Statement, ACCOMPANYING PROXY CARD AND ALL OTHER Paperwork Filed WITH THE SEC Very carefully AND IN THEIR ENTIRETY WHEN THEY Turn out to be Out there AS THEY WILL Include Critical Facts ABOUT THE 2022 Annual Conference. The Company’s definitive proxy statement for the 2021 yearly conference of shareholders is made up of information with regards to the immediate and oblique pursuits, by security holdings or usually, of the Company’s administrators and executive officers in the Company’s securities. Information concerning subsequent variations to their holdings of the Company’s securities can be found in the SEC filings on Kinds 3, 4, and 5, which are available on the Company’s site at http://traders.myrepublicbank.com/ or via the SEC’s web page at www.sec.gov. Facts can also be located in the Company’s Yearly Report on Variety 10-K for the 12 months ended December 31, 2020 on file with the SEC. Updated information and facts pertaining to the identification of prospective participants, and their immediate or indirect passions, by security holdings or if not, will be established forth in the definitive proxy assertion and other elements to be submitted with the SEC in connection with the 2022 Yearly Conference. Shareholders will be capable to receive the definitive proxy assertion, any amendments or nutritional supplements to the proxy assertion and other documents submitted by the Corporation with the SEC at no charge at the SEC’s web-site at www.sec.gov. Copies will also be out there at no charge at the Company’s web-site at http://investors.myrepublicbank.com.

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