PHILADELPHIA, March 6, 2017 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that Lisa R. Jacobs, has joined the company's Board of Directors. Jacobs is currently a Partner at DLA Piper, a leading global law firm specializing in business law, and is the Chair of its Philadelphia office corporate group. She will take the place of Robert J. Coleman, Esq., who is retiring after serving on the Board of Directors since 2003. Coleman was formerly Chairman and CEO of Marshall, Dennehey, Warner, Coleman & Goggin in Philadelphia.
"We are excited to have someone as talented and respected as Lisa Jacobs joining our Board of Directors. Her expertise will be instrumental as we continue to rapidly grow our customer-focused brand throughout the Greater Philadelphia Region," said Harry Madonna, CEO of Republic Bank. "Lisa brings a distinctive and winning energy to our organization – one that will continue to turn customers into passionate fans of Republic Bank."
Jacobs' impressive professional career spans many industries, including politics, healthcare, private equity and sports and entertainment. Her broad experience includes negotiating the agreement that brought the 2000 Republican National Convention to Philadelphia and advising Mario Lemieux and other investors in the purchase of the Pittsburgh Penguins from bankruptcy. Exceptionally active in professional associations, Jacobs is an elected member of the American Law Institute and appointed member of the Uniform Law Commission, Joint Editorial Board on Uniform Unincorporated Organizations Acts and Pennsylvania Department of State Corporations Bureau Advisory Board. She is also a member of the American Law Institute and the American and Pennsylvania Bar Associations.
"I'm honored to be elected to Republic Bank's Board of Directors. With a unique business model providing customers the highest level of service across every banking channel, it's clear why Republic Bank is resonating so strongly in each community it touches. I am excited to play an integral role in the Bank's continued growth," said Jacobs.
Jacobs' community involvement fills a significant role in her life. She serves as pro bono counsel to the Museum of the American Revolution, Teen Cancer America, the People's Emergency Center and Liberty Steam Fire Engine Company No. 1, the Board of Governors for the Philadelphia-Freedom Valley YMCA and the Business Law Advisory Board for the Drexel University College of Law. After earning her B.S. from the Wharton School at the University of Pennsylvania and J.D. from Villanova University School of Law, Jacobs spent time at Duane Morris LLP and Pepper Hamilton LLP. She's also earned her certificate from Harvard University's Comprehensive Leadership Program.
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. The bank has plans to open a new store in Cherry Hill, NJ this spring, along with five other locations during 2017. As one of the largest Philadelphia-based retail banking institutions with 19 convenient locations, 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 19 offices located in Abington, Bala Cynwyd, Center City Philadelphia, Mayfair, Media, Plymouth Meeting, Torresdale and Wynnewood, Pennsylvania and Berlin, Cherry Hill, Glassboro, Haddonfield, Marlton, Moorestown, Voorhees and Washington Township, 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.