Republic First Bank Names New President and Chief Operating Officer

May 04, 2010, 10:07 ET from Republic First Bancorp, Inc.

PHILADELPHIA, May 4 /PRNewswire-FirstCall/ -- Republic First Bancorp, Inc. (Nasdaq: FRBK), today announced that Andrew Logue has been promoted to the position of President and Chief Operating Officer of Republic First Bank (the "Bank"), its wholly-owned subsidiary.  Mr. Logue was the Chief Operations Officer in charge of all Bank operations and information systems.  

Prior to joining the Bank in 2008, Mr. Logue was a 17 year team member of Commerce Bank serving as Chief Financial Officer – Lending Division; Senior Vice President – Loan Services; and Deputy Director – Enterprise Risk Management.

Harry Madonna, Chairman & CEO commented, "While working for the Bank over the last two years, Mr. Logue has done an excellent job as the Chief Operations Officer. In that capacity he has become familiar with all aspects of the Bank's operations and has worked closely with the Board of Directors and officers and employees to restructure the Bank as a consumer-friendly retail bank.  Mr. Logue will play a key role in the continuing process of transforming Republic First Bank into the premier retail bank in the Philadelphia metropolitan area."

Andy Logue commented, "I am very excited about this opportunity to lead the continuing transformation of Republic First Bank to become the area's premier retail bank."  

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

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SOURCE Republic First Bancorp, Inc.