Republic First Bancorp, Inc. Appoints Harry D. Madonna Interim Chairman
May 13 2022 - 7:30PM
Business Wire
Names Lisa R. Jacobs Corporate Secretary
Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the
parent company of Republic First Bank d/b/a Republic Bank (the
“Bank”), today announced that its Board of Directors (the “Board”)
has appointed Harry D. Madonna interim Chairman of the Board,
succeeding Vernon W. Hill, II, effective immediately. Mr. Hill will
remain a director on the Board and the Company’s Chief Executive
Officer.
In addition, the Board has appointed director Lisa R. Jacobs as
Corporate Secretary of the Company. The transition of these
positions follows the passing of director Theodore J. Flocco,
Jr.
Mr. Madonna said, “I look forward to continuing to work with the
Board and our employees and creating value for our
constituents.”
Mr. Madonna has more than 30 years of banking experience,
founding Republic Bank in 1988 and serving as its Chairman until
March 2021. He also served as CEO of the Bank from January 1, 2000
until 2021. Additionally, he served as Chairman of the Company from
its formation in 1996 until 2016 and CEO of the Company from
January 2000 until March 2021. From 2002 to 2005, he was of counsel
to Spector Gadon & Rosen, PC, and, from 1980 to 2001, a partner
of Blank Rome LLP.
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
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.
Important Additional Information
The Company intends to file a proxy statement and may file a
proxy card with the Securities and Exchange Commission (the “SEC”)
in connection with the Company’s 2022 Annual Meeting of
Shareholders (the “2022 Annual Meeting”) and, in connection
therewith, the Company, certain of its directors and executive
officers will be participants in the solicitation of proxies from
the Company’s shareholders in connection with such meeting.
SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH
PROXY STATEMENT, ACCOMPANYING PROXY CARD AND ALL OTHER DOCUMENTS
FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE 2022
ANNUAL MEETING. The Company’s definitive proxy statement for the
2021 annual meeting of shareholders contains information regarding
the direct and indirect interests, by security holdings or
otherwise, of the Company’s directors and executive officers in the
Company’s securities. Information regarding subsequent changes to
their holdings of the Company’s securities can be found in the SEC
filings on Forms 3, 4, and 5, which are available on the Company’s
website at http://investors.myrepublicbank.com/ or through the
SEC’s website at www.sec.gov. Information can also be found in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2020 on file with the SEC. Updated information regarding the
identity of potential participants, and their direct or indirect
interests, by security holdings or otherwise, will be set forth in
the definitive proxy statement and other materials to be filed with
the SEC in connection with the 2022 Annual Meeting. Shareholders
will be able to obtain the definitive proxy statement, any
amendments or supplements to the proxy statement and other
documents filed by the Company with the SEC at no charge at the
SEC’s website at www.sec.gov. Copies will also be available at no
charge at the Company’s website at
http://investors.myrepublicbank.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220513005541/en/
Gasthalter & Co. Jonathan Gasthalter/Amanda Shpiner (212)
257-4170
Republic First Bancorp (NASDAQ:FRBK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Republic First Bancorp (NASDAQ:FRBK)
Historical Stock Chart
From Jul 2023 to Jul 2024