Republic Bank Mourns Passing of Longtime Director Theodore J. Flocco, Jr.
May 12 2022 - 1:07PM
Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company
of Republic Bank, is deeply saddened by the passing of
longtime Republic Bank Director, Theodore J. Flocco, Jr.
A native of South Philadelphia who raised his family in Southern
New Jersey, Mr. Flocco became a lifelong certified public
accountant after graduating from St. Joseph’s University. He spent
more than 35 years with Ernst & Young as a Senior Audit
Partner, advising many of the largest SEC regulated clients with a
focus on banks, including Commerce Bank. After his retirement, he
worked as a consultant for corporate executives and dedicated much
of his time to philanthropy. Since 2008, Mr. Flocco served as a
Director of Republic First Bancorp, Inc., seeing the Bank through
much of its growth in Metro Philadelphia and expansion into Metro
New York.
“Ted was a unique person and a true friend – loyal, intelligent
and devoted to his community,” said Vernon W. Hill, II, CEO, and
Chairman of Republic Bank. “I’m grateful for his 14 years of
service and his many contributions to the Bank and our Board. We
trusted him, relied on him and confided in him. He will be dearly
missed.”
Mr. Flocco is survived by two sons, Ted and Eric, one daughter,
Tara, and 10 grandchildren.
Republic Bank is one of the region’s fastest
growing financial institutions and continues to expand its
footprint throughout Philadelphia, Southern New Jersey and New York
City as part of its “The Power of Red is Back” growth plan.
Republic Bank’s 34 stores offer the most convenient hours in the
region, with extended lobby and drive-thru hours, providing
customers unmatched flexibility. The bank also continuously
enhances and upgrades its technology platforms to ensure that it
delivers a best-in-class digital experience that is both convenient
and secure. Republic Bank offers absolutely free checking,
ATM/Debit cards and credit 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 34 offices
located in Atlantic, Burlington, Camden and Gloucester Counties in
New Jersey; Bucks, Delaware, Montgomery and Philadelphia Counties
in Pennsylvania and New York County in New York. The bank also
offers a wide range of residential mortgage products through its
mortgage division, Oak Mortgage Company. For more information about
Republic Bank, please visit www.myrepublicbank.com.
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.
SOURCE: Republic First Bancorp, Inc.
CONTACTKelli
Sheatsleyksheatsley@briancom.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6af5296b-9983-41f8-bbe6-de26b459f558
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