Republic Bank Hires Store Manager for Washington Township, NJ

Jan 12, 2016, 11:31 ET from Republic First Bancorp, Inc.

PHILADELPHIA, Jan. 12, 2016 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that Donna Olsen was named Store Manager for its new Washington Township, New Jersey location. In this role, Olsen will rely on her previous banking experience, spanning more than two decades, to strategically plan for the store's future and lead its employees in delivering Republic Bank's legendary customer service.

"At Republic Bank, we are committed to excellence and continually strive to deliver an exceptional banking experience to our Customers," said Harry Madonna, Chairman and CEO of Republic Bank. "Donna Olsen joins us as Store Manager with over 19 years of experience and the ability to coach and motivate our employees. We are pleased to add Donna to our dynamic team, and know that her contributions will greatly benefit Republic Bank."

In her 24 years in the industry prior to joining Republic Bank, Olsen was a Store Manager at Commerce Bank, where she managed stores in both Washington Township and Marlton, and she continued to serve the South Jersey region when she transitioned to TD Bank. When Olsen began her career as an assistant store manager for Commerce Bank, she was provided opportunities to engrain herself into the communities in which she worked each day. It was here that she first became involved with the Washington Township Chamber of Commerce and Washington Township Rotary, making her a fit with Republic Bank's community-centric values.

"As Republic Bank continues its rapid regional expansion, I am thrilled to join its incredibly talented and fast-growing team," said Olsen. "In my new role as Store Manager, I look forward to embracing Republic Bank's values to deliver the best banking experience possible, exceeding Customer's expectations every day."

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 with its new store under construction in Washington Township, NJ. New store locations are planned for the next year in Moorestown, Medford, Gloucester Township and a second store in Cherry Hill, NJ.  In addition, relocation is underway of its Ardmore store to an innovative all-glass store in Wynnewood, PA. As one of the largest Philadelphia-based retail banking institutions with 17 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 seventeen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Berlin, Cherry Hill, Glassboro, Marlton, Voorhees and Haddonfield, New Jersey.

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.

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SOURCE Republic First Bancorp, Inc.



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