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, "We are thrilled that Andy Logue, who has played such a key role in the development of Commerce Bank, will lead the operational area at Republic First Bank. This is the next step in the creation of a new 'killer brand' with new stores, new products and new excitement."

Andy Logue commented, "It is not often someone is afforded the opportunity to re-create banking history and I am looking forward to working with the Republic First Bank team in creating the next great bank."

Republic First Bank is a full-service, state-chartered commercial bank, whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC). With assets of $1 Billion, it is the largest commercial bank headquartered in Philadelphia. The Bank provides diversified financial products through its twelve offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Voorhees, New Jersey.

Republic First Bank recently announced a major retail expansion throughout metro Philadelphia.

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. 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.

Republic First Bancorp, Inc.

CONTACT: Harry D. Madonna, CEO of Republic First Bancorp, Inc.,+1-215-735-9938