PHILADELPHIA, March 7, 2016 /PRNewswire/ -- Republic First
Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank,
today announced that Vernon Hill,
and his wife, Shirley, are being recognized by Roman Catholic High
School with its 24th Annual Greater Philadelphia Area
Leadership Award. Mr. and Mrs. Hill will accept the honor at the
Union League of Philadelphia this
evening at 7:00 p.m. All proceeds
from the event help to provide tuition assistance for Roman
Catholic students.
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Roman Catholic High School was founded in 1890 by Philadelphia businessman Thomas E. Cahill. At the time of its
establishment, it was the first free Catholic high school for boys
in the United States. Roman
Catholic offers a comprehensive academic curriculum in a spiritual
environment for nearly 1,000 young men from across the Delaware
Valley. The school boasts strong cultural, racial and religious
diversity, and 95 percent of its graduates go on to pursue
post-secondary education. The Greater Philadelphia Area Leadership
Award is annually bestowed upon admirable business and civic
leaders who consistently demonstrate a strong commitment to the
region through service and philanthropy. Mr. and Mrs. Hill are the
first husband and wife team to receive this prestigious award.
Vernon Hill is the Chairman and
founder of Metro Bank, the first new retail bank in Britain in more than 100 years, which on
March 7 listed on the London Stock
Premium Exchange with a market value of $2.2
billion.
Often credited with reinventing American banking, he is also the
founder, former Chairman and president of Commerce Bank, which
started as one branch in Marlton,
NJ in 1973 and expanded to 500 branches by 2007, powered by
Mr. Hill's philosophy that great companies are built by creating
Fans not Customers. He currently serves as a consultant to and is a
major shareholder of Republic Bank, which is rapidly expanding in
the Philadelphia and South Jersey
region. Mr. Hill is also Chairman of Petplan North America.
Shirley Hill is the founder and
principal of InterArch, an integrated architecture, design and
branding firm that is responsible for the revolutionary design and
interior aesthetics for both Republic Bank's and Metro Bank's
stores, as well as overseeing all creative advertising campaigns.
She is praised by clients across the globe for her innovative
approach to design that yields a competitive advantage by fully
understanding the end user's needs.
"Each year, Roman Catholic aims to select leaders from the
Delaware Valley who demonstrate an exceptional passion for the
community and its residents," said Father Joseph Bongard, president and rector, Roman
Catholic High School. "In 2016, we had to look no further than
Vernon and Shirley Hill. They are
legendary entrepreneurs who throughout their extraordinarily
successful careers have always made time to give back to their
local communities. They embody the time-honored principles of the
Greater Philadelphia Area Leadership Award."
Together, Mr. and Mrs. Hill are involved in a number of
charitable organizations and frequently donate their time, talent
and resources to better the Philadelphia community and beyond. The couple
is passionate about animals, including their beloved Yorkshire
Terrier, Sir Duffield "Duffy," and support the Penn Vet World and
Student Inspiration Awards, the UK Kennel Club Inspiration Awards
and the Battersea Dogs & Cat Home. The Vernon and Shirley Hill
Pavilion at the University of
Pennsylvania Veterinary School was erected in their
honor.
"Shirley and I are proud to be the recipients of this year's
award, helping to support Roman Catholic High School's mission of
fostering academic excellence and personal integrity," said Mr.
Hill. "I have always believed that with hard work and
determination, anyone can achieve their goals. I hope to impart
this knowledge to Roman Catholic students, and I encourage each of
them to use their education and the skills they have learned to
achieve their wildest dreams."
"We always strive to give back to the communities we serve in a
very meaningful way," said Mrs. Hill. "Roman Catholic High School
represents an incredible success story, welcoming a diverse group
of students and preparing them to be our region's next generation
of leaders. We are thrilled to assist an organization that shares
our values and empowers young students to think big and achieve
their goals."
Building on the momentum of its aggressive growth plan, coined
"The Power of Red is Back," Republic Bank continues to rapidly
expand its regional footprint with its new store under construction
in Washington Township, NJ. New
store locations are planned for this year in Moorestown, Medford, and a second store in Cherry
Hill, NJ. In addition, relocation is underway of
its Ardmore store to an innovative all-glass store
in Wynnewood, PA. As one of the largest Philadelphia-based retail banking institutions
with 17 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 seventeen offices located in
Abington, Ardmore, Bala
Cynwyd, Plymouth Meeting,
Media and Philadelphia, Pennsylvania and Berlin, Cherry
Hill, Glassboro,
Haddonfield, Marlton and Voorhees
New Jersey.
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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