Republic Bank Opens New Store in Voorhees, N.J.

Second location in Southern New Jersey continues the Power of Red expansion for the bank

PHILADELPHIA--()--Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, has opened a second Southern New Jersey retail store at 101 Laurel Oak Road in Voorhees. The new Voorhees location is an important next step in Republic Bank’s ‘The Power of Red is Back’ expansion plan as it continues Republic’s strong tradition of offering exceptional banking convenience and fantastic Customer-centric service.

Touting a design similar to its recently opened Cherry Hill location, the Voorhees store will feature Republic Bank’s unique all-glass cube, which aims to welcome Customers and present an inviting atmosphere in which to fulfill their banking needs.

With rapid growth in the recent months – much of it driven from “The Power of Red is Back” plan – Republic continues to expand its footprint in Southern New Jersey while enhancing its presence in the Metro Philadelphia region. In the coming months, Republic Bank will announce plans for stores in Marlton, Moorestown, Mount Holly, Medford, Glassboro, Washington Township and a second store in Cherry Hill.

“We are excited to serve our Customers in Voorhees at this beautiful new location, which enables them to fulfill their many banking needs in one stop," said Harry Madonna, Chairman and Chief Executive Officer of Republic Bank. "Our recent store openings in Media, PA and Cherry Hill, NJ have reconnected us with many old friends, while providing us the opportunity to develop new community relationships. Our current and prospective Customers know the convenience and customer service we offer is unparalleled and our new Voorhees location continues our mission of exceeding our Customers’ expectations."

As one of the largest Philadelphia-based retail banking institutions, Republic Bank now has 14 locations including stores in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Cherry Hill, Haddonfield and Voorhees, New Jersey. Through extended hours seven days of the week, Republic Bank offers numerous Customer-centric benefits including absolutely free checking and coin counting and more than 55,000 surcharge-free ATMs worldwide.

Republic Bank’s next store location will open at 16th and Market Streets in Center City Philadelphia in June 2014.

For more information about Republic Bank visit www.myrepublicbank.com.

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 fourteen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Cherry Hill, Voorhees and Haddonfield, 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.

Contacts

for Republic First Bancorp, Inc.
Anthony Mallamaci
484-385-2926 (office)
609-828-3215 (cell)
amallamaci@briancom.com

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Contacts

for Republic First Bancorp, Inc.
Anthony Mallamaci
484-385-2926 (office)
609-828-3215 (cell)
amallamaci@briancom.com