On September 11, 2023, George E. Norcross, III, Gregory B. Braca, Philip A. Norcross,
Alessandra T. Norcross, and Alexander S. Norcross issued the following press release:
CAMDEN, NJ: In light of recent press coverage of Republic First
Bancorp, Inc. (the Company or Republic First), George E. Norcross, III, Gregory B. Braca and Philip A. Norcross released a statement today confirming that the Norcross Braca Group supports the Companys ongoing efforts
to raise additional capital.
We remain actively engaged with the Company and other parties on capital raising solutions, including conversations
with another financial institution about a potential transaction, said George E. Norcross, III today. We have paused our litigation efforts against the Company and we are focused on helping the Company reach a transaction that provides
additional capital.
The Norcross Braca Group gives no assurance that any such transaction will be entered into, or as to the timing of any such
transaction or steps toward a transaction. The Norcross Braca Group cannot predict the Companys or any other partys response to any transaction proposal or the final terms thereof.
CERTAIN INFORMATION CONCERNING THE PARTICIPANTS
The
Participants (as defined below) have filed a preliminary proxy statement accompanied by a BLUE proxy card with the Securities and Exchange Commission (the SEC) in support of the election of Gregory B. Braca, Mary Pat Christie and Daniel
J. Hilferty (the Nominees) to the board of directors of Republic First Bancorp, Inc. (the Issuer) to occur at the 2022 annual meeting of shareholders (the 2022 Annual Meeting) scheduled for October 5, 2023.
GEORGE E. NORCROSS, III, GREGORY B. BRACA, PHILIP A. NORCROSS, ALESSANDRA T. NORCROSS AND ALEXANDER S. NORCROSS, TOGETHER WITH THE NOMINEES, MAY BE
DEEMED TO BE PARTICIPANTS IN THE SOLICITATION OF PROXIES WITH RESPECT TO THE 2022 ANNUAL MEETING. A DESCRIPTION OF THE PARTICIPANTS INTERESTS, BY SECURITY HOLDINGS OR OTHERWISE, IS CONTAINED IN THE SCHEDULE 13D, JOINTLY FILED BY
THE GROUP ON JANUARY 31, 2022, AS AMENDED FROM TIME TO TIME. SHAREHOLDERS OF THE ISSUER ARE STRONGLY ADVISED TO READ THE GROUPS PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SECS WEBSITE AT HTTP://WWW.SEC.GOV [sec.gov].