PHILADELPHIA, June 29, 2017 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced that Andrew B. Cohen has joined the company's Board of Directors. Cohen is the Co-founder and Managing Director of Cohen Private Ventures, LLC, an investment management firm which provides long-term capital funding, primarily through direct private investments and other opportunistic transactions.
"We are incredibly proud to announce the addition of Andrew to our Board of Directors," said Vernon W. Hill, II, Chairman of Republic First Bancorp, Inc. "His impressive professional career and invaluable financial expertise will play a pivotal role in Republic Bank's rapid expansion throughout Greater Philadelphia and beyond."
Prior to his role at Cohen Private Ventures, Cohen was Managing Director and Partner of Dune Capital Management, an investment management company based in New York City. He also invested in public equities and debt securities with S.A.C. Capital. He began his career at Morgan Stanley as an analyst in the real estate principal investing group and was also an associate in the mergers and acquisitions group after completing business school.
"It's an honor to join Republic Bank's Board of Directors during a time when the bank is experiencing incredible growth and momentum," said Cohen. "Having seen firsthand the power of Vernon Hill's customer-oriented, high growth business model at Metro Bank, I'm excited for the opportunity to help Republic Bank continue to deliver the best banking experience in the country while building strong shareholder value."
In addition to serving on Republic Bank's Board of Directors, Cohen also holds positions on the boards of various public and private organizations including, The New York Mets Baseball Club, Laureate Education, Inc. and the Advisory Board of Metro Bank PLC. He also serves on the National Advisory Board of the Johns Hopkins Berman Institute of Bioethics and the Painting and Sculpture Committee of The Whitney Museum of American Art. Cohen is a graduate of The Wharton School of the University of Pennsylvania.
Building on the momentum of "The Power of Red is Back" growth and expansion strategy, Republic Bank continues to rapidly expand its regional footprint. As one of the largest Philadelphia-based retail banking institutions with 20 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 20 offices located in Burlington, Camden, and Gloucester Counties in New Jersey and Delaware, Montgomery and Philadelphia Counties in Pennsylvania. In addition, through its subsidiary Oak Mortgage, Republic First Bank offers a wide range of mortgage products.
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.