Republic Bank Hires New Store Manager for Plymouth Meeting and Abington Stores

PHILADELPHIA, June 17, 2014 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced that Geoffrey Tragemann was named Vice President and Store Manager for the Republic Bank stores in Plymouth Meeting and Abington, Pennsylvania. In his new role, Tragemann will generate new business opportunities and work to increase brand awareness for the growing regional bank.

Tragemann comes to Republic Bank with more than 14 years of sales and management experience in the financial services and business fields having worked for major institutions, including TD Bank and Citibank. During his tenure with TD Bank, Tragemann successfully increased deposits and loans annually through strategic business relationships in the Huntingdon Valley area. During his time at TD Bank, he received numerous managerial awards including ranking number one in small business production.     

"These are exciting times at Republic Bank, due to the recent growth and expansion and I'm thrilled to be able to assist in sustaining that momentum," said Tragemann. "We, at Republic Bank, have a common business philosophy, to add value for our Customers, maximizing their experience, and I am eager to serve our current and potential Customers in Plymouth Meeting and Abington."

Like all Republic Bank stores, the Plymouth Meeting and Abington locations are open seven days a week and 361 days a year with extended lobby and drive-thru hours, providing customers with the longest hours of any bank in the Philadelphia metropolitan area. In addition, the bank offers absolutely free checking, free coin counting, issues ATM and/or debit cards on the spot and provides access to more than 55,000 surcharge-free ATMs worldwide via the Allpoint network.

The Plymouth Meeting Republic Bank store is located at 421 West Germantown Pike, while its Abington store is located at 1408 Old York Road.

For more information about Republic Bank, visit myrepublicbank.com

About Republic Bank

Republic Bank, a subsidiary of Republic First Bancorp, Inc., 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 fourteen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Cherry Hill, Voorhees and Haddonfield, New Jersey. For more information about Republic Bank, visit myrepublicbank.com.

Forward Looking Statements

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. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements.  For example, risks and uncertainties can arise with changes in: general economic conditions, including turmoil in the financial markets and related efforts of government agencies to stabilize the financial system; the adequacy of our allowance for loan losses and our methodology for determining such allowance; adverse changes in our loan portfolio and credit risk-related losses and expenses; concentrations within our loan portfolio, including our exposure to commercial real estate loans, and to our primary service area; changes in interest rates; business conditions in the financial services industry, including competitive pressure among financial services companies, new service and product offerings by competitors, price pressures and similar items; deposit flows; loan demand; the regulatory environment, including evolving banking industry standards, changes in legislation or regulation; impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act; our securities portfolio and the valuation of our securities; accounting principles, policies and guidelines as well as estimates and assumptions used in the preparation of our financial statements; rapidly changing technology; litigation liabilities, including costs, expenses, settlements and judgments; and other economic, competitive, governmental, regulatory and technological factors affecting our operations, pricing, products and services.  You should carefully review the risk factors described in the Form 10-K for the year ended December 31, 2013 and other documents the Company files from time to time with the Securities and Exchange Commission. The words "would be," "could be," "should be," "probability," "risk," "target," "objective," "may," "will," "estimate," "project," "believe," "intend," "anticipate," "plan," "seek," "expect" and similar expressions or variations on such 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 U.S. 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.

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SOURCE Republic First Bancorp, Inc.



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