Republic First Bancorp, Inc. to Hold Previously Announced Annual Meeting of Shareholders on April 29, 2020 by Virtual Means D...
April 20 2020 - 5:18PM
Republic First Bancorp, Inc. (NASDAQ: FRBK)
Republic First Bancorp, Inc. (the “Company”),
the holding company for Republic Bank, today announced that, due to
the continuing public health concerns relating to the coronavirus
(COVID-19) pandemic, and to protect the health and well-being of
its shareholders, employees, and other members of the community,
the Company's 2020 annual shareholder meeting will now be held
virtually. A proxy statement supplement will be filed today with
the Securities Exchange Commission with additional information
concerning the virtual meeting, which we urge shareholders to read
in its entirety.
Annual Shareholder Meeting Details |
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Date: |
April 29, 2020 |
Time: |
5:00pm (EST) |
Website: |
www.virtualshareholdermeeting.com/FRBK2020 |
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Although shareholders
will not be able to attend the annual meeting in person, virtual
attendance capabilities will provide shareholders with the ability
to participate and ask questions during the meeting. Additionally,
the Company's shareholders will be deemed to be "present" if they
access the annual meeting through the virtual platform and they
will be able to vote their shares at the annual meeting, or revoke
or change a previously submitted vote, through the virtual
platform.
To access and participate in the Annual Meeting
as a shareholder you must enter a 16-digit voting control number.
Shareholders who hold shares through a brokerage, bank or other
institutional account can find this control number on the proxy
card, voting instruction form or notice received previously with
your annual proxy statement. Shareholders who hold shares directly
must request a control number in advance by contacting Kemma Brown,
our Corporate Secretary, at (888) 875-2265. This request must be
made at least three business days prior to the meeting. If you do
not have a control number, you may elect to participate in the
meeting as a “Guest”, but you will not have access to vote your
shares or ask questions during the virtual meeting.
The virtual meeting will be held on the same
date and time as previously announced, April 29, 2020 at 5:00 PM
(local time). As described in the proxy materials for the
annual meeting previously distributed, the Company's shareholders
are entitled to participate in the annual meeting if they were a
shareholder of record as of the close of business on March 10,
2020, which is the record date for the annual meeting. The proxy
card included with the proxy materials previously distributed will
not be updated to reflect the information provided in this
announcement and may continue to be used to vote each shareholder's
shares in connection with the annual meeting.
Shareholders will be able to attend the meeting
online, vote their shares electronically, and submit their
questions during the meeting by visiting:
www.virtualshareholdermeeting.com/FRBK2020. In light of the
foregoing, the Company urges shareholders to consider voting and
submitting proxies in advance of the annual meeting using one of
the available methods described in the proxy materials previously
provided to the Company's shareholders.
About Republic Bank
Republic Bank, a subsidiary of Republic First
Bancorp, Inc., 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 thirty stores located in
Greater Philadelphia, Southern New Jersey and New York City.
Republic Bank stores are open 7 days a week, 361 days a year,
with extended lobby and drive-thru hours providing customers with
some of the most convenient hours compared to any bank in its
market. The Bank offers 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. The Bank
also offers a wide range of residential mortgage products through
its mortgage division which does business under the name of Oak
Mortgage Company. For more information about Republic Bank, visit
www.myrepublicbank.com.
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. The forward-looking statements
contained herein, are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
projected in the forward-looking statements. For example,
risks and uncertainties can arise with changes in: general economic
conditions, including turmoil in the financial markets and related
efforts of government agencies to stabilize the financial system;
the adequacy of our allowance for loan losses and our methodology
for determining such allowance; adverse changes in our loan
portfolio and credit risk-related losses and expenses;
concentrations within our loan portfolio, including our exposure to
commercial real estate loans, and to our primary service area;
changes in interest rates; business conditions in the financial
services industry, including competitive pressure among financial
services companies, new service and product offerings by
competitors, price pressures and similar items; deposit flows; loan
demand; the regulatory environment, including evolving banking
industry standards, changes in legislation or regulation; impact of
the Dodd-Frank Wall Street Reform and Consumer Protection Act; our
securities portfolio and the valuation of our securities;
accounting principles, policies and guidelines as well as estimates
and assumptions used in the preparation of our financial
statements; rapidly changing technology; litigation liabilities,
including costs, expenses, settlements and judgments; the effects
of health emergencies, including the spread of infectious diseases
and pandemics; and other economic, competitive, governmental,
regulatory and technological factors affecting our operations,
pricing, products and services. You should carefully review
the risk factors described in the Form 10-K for the year ended
December 31, 2019 and other documents the Company files from time
to time with the Securities and Exchange Commission. The words
“would be,” “could be,” “should be,” “probability,” “risk,”
“target,” “objective,” “may,” “will,” “estimate,” “project,”
“believe,” “intend,” “anticipate,” “plan,” “seek,” “expect” and
similar expressions or variations on such 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 U.S. 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. |
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Contact: |
Frank A. Cavallaro, CFO |
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(215) 735-4422 |
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