Republic Bank Hires New Regional Lender for Philadelphia Market

Jul 26, 2010, 13:25 ET from Republic First Bancorp, Inc.

PHILADELPHIA, July 26 /PRNewswire-FirstCall/ -- Republic First Bancorp, Inc. (Nasdaq: FRBK), today announced that James D'Antonio has joined Republic Bank, as Vice President and Regional Commercial Lender for its Philadelphia market.

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D'Antonio comes to Republic Bank from TD Commerce Bank, where he was a top lender in the Delaware Valley Market.  Jim's responsibilities included developing customer relationships with local business, with a focus in health care, manufacturing, service, logistics and storage industries. Prior to TD, Jim worked as an accountant in the tax department for Arthur Andersen for two years.

"James D'Antonio is an outstanding addition to our growing Commercial Lending team. As a local banker and businessman for ten years, his experience in this market will definitely be a tremendous plus for our business clients," said Republic Bank's Chief Executive Officer Harry Madonna.  "I'm pleased that another former TD Commerce Bank employee, who played a role in the prior success of that bank, has joined us as we build our new "killer brand" here at Republic Bank."

"I am excited to be part of a Philadelphia based bank truly committed to the success of their business customers," said D'Antonio.  "In particular, I look forward to understanding and helping in a timely manner our Commercial and Small Business customers with their borrowing needs."  The power of red is back.

About Republic Bank

Republic 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 thirteen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Haddonfield and Voorhees, New Jersey.

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.  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.

SOURCE Republic First Bancorp, Inc.