Republic Bank Hires Sheryl Simon as Senior Vice President in New York Market

PHILADELPHIA, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the hiring of Sheryl Simon as Senior Vice President and Senior Relationship Manager. In this role, Simon will continue to expand Republic Bank’s presence in the New York market by offering tailored lending solutions and developing new commercial relationships.

Simon has 18 years of banking experience working at various financial institutions and is well-known in the industry for outstanding customer relations. Simon spent the largest portion of her career to-date at TD Bank from 2007-2018. Most recently, she served as Commercial Banking Relationship Manager at Lakeland Bank where she played a critical role driving new business in New York for a dynamic commercial lending portfolio.

“We are thrilled to welcome Sheryl to our growing team,” said Dan Markus, Regional Vice President, Republic Bank. “Her ambition, existing relationships and knack for superior customer service will make her an invaluable asset to Republic Bank.”

In 2020, Republic Bank was named America’s #1 Bank for Service in a national consumer satisfaction survey commissioned by Forbes. Whether banking in-person, online, via mobile or over the phone, Republic Bank delivers an unmatched customer experience and its modern stores, long hours, dog-friendly policies and free services such as coin counting set it apart from competitors large and small. The bank 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 31 stores are open seven days a week, 361 days a year, with extended lobby and drive-thru hours, providing customers incredible convenience and flexibility. The bank also 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 31 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.

CONTACT
Kelli Sheatsley
610-349-6910

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