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.