Republic First Bank of Delaware Announces New Corporate Identity; Changes Name to First Bank of Delaware

New Bank Name to Better Meet Expanding Marketplace



Apr 10, 2001, 01:00 ET from Republic First Bancorp, Inc.

    WILMINGTON, Del., April 10 /PRNewswire/ --
 Republic First Bank of Delaware (Nasdaq:   FRBK), the Delaware-based commercial
 banking subsidiary of Republic First Bancorp, Inc. announced today that it
 will change its name to First Bank of Delaware effective April 16th.
     Jere A. Young, President and CEO, said, "This is a positive change which
 helps us avoid market confusion and provides a more differentiated corporate
 identity consistent with our future plans."
     Republic First Bank of Delaware was originally chartered to serve the
 small- to- medium-size business market in Delaware, as well as to introduce
 select consumer products to a broader customer base.   The Delaware bank is
 now engaged in an aggressive product development program, having introduced
 two significant new products whose scope transcends the local Delaware market,
 providing regional and national distribution.  These new products are a Tax
 Refund Bank Program, which is offered in 200 offices across 28 states and a
 Consumer Residential Construction Loan Program, which is offered in
 Pennsylvania, Delaware, New Jersey and Maryland.
     "Since there are so many banks nationwide with similar names, we believe
 that it is prudent to differentiate ourselves by simply removing the word
 `Republic' from our Delaware Bank's name," says Young.  "As we are a community
 bank, dedicated to serving the local Delaware market, we thought the name
 `First Bank of Delaware' would resonate our continued commitment to the local
 community."
     There has been no change in bank ownership, personnel, hours of operation
 or account numbers.  The Bank's stock will continue to be traded under the
 symbol FRBK on Nasdaq.  Further information about the Bank can be obtained by
 visiting its website at www.FBDEL.com.   According to Young, "We are still the
 same great bank, with the same friendly staff; all that's changed is our
 name."
     First Bank of Delaware is a full-service, state-chartered commercial bank
 and member of the Federal Reserve System, with deposits insured by the Federal
 Deposit Insurance Corporation (FDIC).  The bank provides diversified financial
 products through its two banking offices located at 1000 Rocky Run Parkway and
 824 Market Street, both in Wilmington, Delaware.
 
 

SOURCE Republic First Bancorp, Inc.
    WILMINGTON, Del., April 10 /PRNewswire/ --
 Republic First Bank of Delaware (Nasdaq:   FRBK), the Delaware-based commercial
 banking subsidiary of Republic First Bancorp, Inc. announced today that it
 will change its name to First Bank of Delaware effective April 16th.
     Jere A. Young, President and CEO, said, "This is a positive change which
 helps us avoid market confusion and provides a more differentiated corporate
 identity consistent with our future plans."
     Republic First Bank of Delaware was originally chartered to serve the
 small- to- medium-size business market in Delaware, as well as to introduce
 select consumer products to a broader customer base.   The Delaware bank is
 now engaged in an aggressive product development program, having introduced
 two significant new products whose scope transcends the local Delaware market,
 providing regional and national distribution.  These new products are a Tax
 Refund Bank Program, which is offered in 200 offices across 28 states and a
 Consumer Residential Construction Loan Program, which is offered in
 Pennsylvania, Delaware, New Jersey and Maryland.
     "Since there are so many banks nationwide with similar names, we believe
 that it is prudent to differentiate ourselves by simply removing the word
 `Republic' from our Delaware Bank's name," says Young.  "As we are a community
 bank, dedicated to serving the local Delaware market, we thought the name
 `First Bank of Delaware' would resonate our continued commitment to the local
 community."
     There has been no change in bank ownership, personnel, hours of operation
 or account numbers.  The Bank's stock will continue to be traded under the
 symbol FRBK on Nasdaq.  Further information about the Bank can be obtained by
 visiting its website at www.FBDEL.com.   According to Young, "We are still the
 same great bank, with the same friendly staff; all that's changed is our
 name."
     First Bank of Delaware is a full-service, state-chartered commercial bank
 and member of the Federal Reserve System, with deposits insured by the Federal
 Deposit Insurance Corporation (FDIC).  The bank provides diversified financial
 products through its two banking offices located at 1000 Rocky Run Parkway and
 824 Market Street, both in Wilmington, Delaware.
 
 SOURCE  Republic First Bancorp, Inc.