Republic Bank Hires Store Manager for New Revolutionary Banking Store in Voorhees, N.J.

PHILADELPHIA, April 29, 2014 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced that Robert R. Pullia was named Vice President and Store Manager for the Republic Bank in Voorhees, New Jersey. Pullia will oversee new business development and brand promotion in the Voorhees market and will also be responsible for the new Revoloutionary Banking Store opening on May 10, 2014.

Pullia has more than 10 years of banking experience, with major leading institutions including Commerce Bank, Wachovia Bank and most recently Sun National Bank.  He has excelled in roles of Branch Management, Small Business Banking and Commercial Lending.  He was recognized with multiple customer service and leadership awards throughout his career.  His successes make him an ideal candidate to grow Republic Bank's footprint in the Voorhees market.

"We at Republic Bank, believe in the power of the Customer experience," said Pullia. "I am passionate about my interactions with Customers and am excited to be joining Republic Bank, Metro Philadelphia's best bank."

A brand new Voorhees store is set to open on May 10, 2014 at 101 Laurel Oak Road (intersection of White Horse Road and Laurel Oak Road). This location is a part of Republic Bank's aggressive "The Power of Red is Back" expansion plan and the eye-catching, all-glass cube is the bank's second in Southern New Jersey. As is the case at all Republic Bank stores, the Voorhees location will be open 7 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.  In addition, the bank 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.

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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