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
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 risks and uncertainties
include the risk that the registration statement never becomes
effective and we are not able to conduct any offering of securities
in connection with the registration statement, as well as other
risk 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.
SOURCE Republic First Bancorp, Inc.