Republic First Bank Hires New Chief Risk Officer

May 10, 2010, 09:58 ET from Republic First Bancorp, Inc.

PHILADELPHIA, May 10 /PRNewswire-FirstCall/ -- Republic First Bancorp, Inc. (Nasdaq: FRBK) today announced that Tracie Young has joined Republic First Bank as Senior Vice President and Chief Risk Officer.  

Ms. Young was a 16-year employee of Harleysville National Bank and Trust serving as Director of Internal Audit and Director of Risk Management.

Harry Madonna, Chairman & CEO commented, "We are thrilled to have someone of Tracie's experience level join the Bank as we transform Republic First Bank into the Philadelphia metropolitan area's premier retail bank."

Tracie Young commented, "I am very excited to join Republic First Bank at this time and to be able to take part in the transformation of the Bank.  With my background and experience, I hope to make an immediate impact and provide the Bank with a necessary resource in achieving its goals."  

About 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. The Bank provides diversified financial products through its twelve stores located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania 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 risks and uncertainties include the risk that the registration statement never becomes effective and we are not able to conduct any offering of securities in connection with the registration statement, as well as other risk 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.