Former Commerce Bank Regional Executive Joins Republic First Bank
November 10 2009 - 9:43AM
PR Newswire (US)
PHILADELPHIA, Nov. 10 /PRNewswire-FirstCall/ -- Republic First
Bancorp Inc. (NASDAQ:FRBK) today announced that Robert B. Worley
has joined the company as Senior Vice President and Market Manager
for New Jersey. (Photo:
http://www.newscom.com/cgi-bin/prnh/20091110/PH08586 ) Worley comes
to Republic First Bank with 25 plus years of commercial banking
experience, primarily in Southern New Jersey. Worley spent 14 years
as Regional Vice President for Commerce Bank's Burlington County
market, where he led all business development for a 15 branch
network that contributed over $2 billion in deposits. Most
recently, he served three years as Market President for TD Bank in
Washington D.C. "We are very pleased that Rob is now part of our
senior management team," said Republic First Chairman and CEO Harry
Madonna. "His background makes him the ideal leader for our planned
expansion across Southern New Jersey. Rob's addition is a strong
signal that we continue to attract talented professionals looking
to help us build America's Next Great Bank." "I'm very excited to
be part of Republic First Bank's future," said Worley. "It's great
to once again be part of a banking model that is committed to
providing customers with amazing personal service, the products
they need and local decision making. It feels very familiar to my
experiences with the old Commerce Bank, only taken to the next
level. I am certain that as we grow our customers will agree."
Earlier in 2009, the shareholders of Republic First Bancorp
approved a proposal to merge with Metro Bancorp, Inc. (formerly
Pennsylvania Commerce Bancorp Inc.) The merger remains subject to
regulatory approvals and other customary closing conditions.
Republic First Bank (PA), a wholly owned subsidiary of Republic
First Bancorp, is a full-service, state-chartered commercial bank,
whose deposits are insured by the Federal Deposit Insurance
Corporation (FDIC). 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. 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.
http://www.newscom.com/cgi-bin/prnh/20091110/PH08586 DATASOURCE:
Republic First Bancorp Inc. CONTACT: Kevin J. Barry of Republic
First Bancorp Inc., +1-215-430-5416,
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