Republic Bank Hires New Store Manager

PHILADELPHIA, Jan. 11, 2011 /PRNewswire/ -- Republic Bank (Nasdaq: FRBK) today announced Ryan Kruc as the Store Manager for the 833 Chestnut Street Store in Philadelphia. Ryan's experience in financial services and bank management, as well as his commitment to Customer Service excellence, make him a perfect fit for the Store Manager position and for Republic Bank. While at Beneficial Bank and Commerce Bank, Ryan met and exceeded business development goals, in addition to creating a work environment that encouraged empowerment and teamwork.

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As a Store Manager with Republic Bank, Ryan will develop new business, expand existing Customer relationships, and promote brand awareness in the community by supporting local events. Ryan will lead his team as they work to exceed the expectations of each and every Republic Bank Customer.

Ryan stated, "I'm excited to be part of a local organization that is dedicated to providing Fanatic Customer Service."

About Republic Bank

Republic Bank is the new operating name for Republic First 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 Bank