PHILADELPHIA, Aug. 2, 2017
/PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the
parent company of Republic Bank, today announced that Peter M. Musumeci, Jr. has joined the
Republic Bank Board of Directors.
"Pete is a strong addition to our Board of Directors, bringing
decades of industry experience with high growth, customer-focused
businesses," said Vernon W. Hill,
II, Chairman of Republic First Bancorp, Inc. "His expertise
will be vital to executing the bank's aggressive growth plan for
years to come."
With more than 40 years of experience in the banking industry,
Musumeci previously served as an Executive Vice President and Chief
Credit Officer with Commerce Bank in Cherry Hill, NJ, joining the bank just one
year after it was initially founded. He also worked as a consultant
for Metro Bank Harrisburg in Pennsylvania and currently serves as a
consultant for Metro Bank PLC in London,
England.
"I have been honored to witness the incredible success of
Vernon Hill's customer-centric
business model firsthand both nationally and internationally," said
Musumeci. "As Republic Bank continues to gain momentum and grow
market share throughout the Greater
Philadelphia region, I look forward to playing an integral
role in the bank's mission to provide the absolute best banking
experience in the country."
In addition to serving on Republic Bank's Board of Directors,
Musumeci holds a seat on the Board of Trustees at Manhattan College in New
York City, where he earned a Bachelor of Science degree in
Business Administration.
Building on the momentum of its aggressive growth plan, referred
to as "The Power of Red is Back," Republic Bank continues to
rapidly expand its regional footprint. As one of the
largest Philadelphia-based retail banking institutions with 21
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 21 offices located in
Burlington, Camden, and Gloucester Counties in New Jersey and Delaware, Montgomery and Philadelphia Counties in Pennsylvania. In addition, Republic Bank
offers a wide range of mortgage products through its wholly owned
subsidiary, Oak Mortgage Company.
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.