Republic First Bancorp, Inc. operates as the holding company for Republic First Bank that provides a range of credit and depository banking products and services to individuals and businesses. It accepts consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit. The company also offers secured and unsecured commercial, real estate, construction and land development, automobile, and home improvement loans; mortgages, home equity and overdraft lines of credit, and other products; and lockbox services. As of June 23, 2021, it operated 32 offices located in Philadelphia, Bucks, Delaware, and Montgomery Counties in Pennsylvania; Atlantic, Burlington, Camden, and Gloucester Counties in New Jersey; and New York County in New York. Republic First Bancorp, Inc. was founded in 1987 and is based in Philadelphia, Pennsylvania.
IPO Year:
Exchange: NASDAQ
Website: myrepublicbank.com
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PHILADELPHIA, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Republic First Bank d/b/a Republic Bank (the "Bank"), is excited to announce the launch of its food drive initiative in collaboration with the Food Bank of South Jersey. Starting on Friday, September 1st, and continuing throughout September for Hunger Action Month, the campaign aims to address food insecurity in the community. Republic Bank is dedicated to tackling the issue of food insecurity and is proud to join forces with the Food Bank of South Jersey, a renowned nonprofit organization committed to providing nourishment to individuals and families in need. The food drive initiative seeks to gather nonperishable food items and monetary c
PHILADELPHIA, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic" or the "Company"), the parent company of Republic First Bank d/b/a Republic Bank, today announced that it has been notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") that, as of the opening of business on August 23, 2023, the Company's common stock will no longer be listed on the exchange because the Company has not yet filed its Annual Report on Form 10-K with the Securities and Exchange Commission (the "SEC") for fiscal year 2022. The Company expects its common stock to promptly begin trading on the OTC marketplace, enabling investors to continue
PHILADELPHIA, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company"), the holding company for Republic First Bank d/b/a Republic Bank, announced that, as anticipated, on August 11, 2023, The Nasdaq Stock Market LLC ("Nasdaq") notified the Company that because the Company's Form 10-Q for the three months ended June 30, 2023 (the "Form 10-Q") was not timely filed with the Securities and Exchange Commission (the "SEC"), the Company did not satisfy Nasdaq Listing Rule 5250(c)(1) (the "Filing Requirement") and that the Nasdaq Hearings Panel (the "Panel") would consider the additional deficiency in its deliberations regarding the Company's continued listing.
PHILADELPHIA, July 19, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic" or the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Linda Sanchez as Executive Vice President and Chief People Officer ("CPO"), effective July 17, 2023. Ms. Sanchez brings more than 25 years of experience in human resources, administration, and operations across the financial and professional services sectors. She will report directly to Thomas X. Geisel, President and CEO. As CPO, Ms. Sanchez will oversee the financial and strategic aspects of human capital planning, as well as talent acquisition and retention
Company Announces that Republic and Affiliates of Castle Creek Capital and Cohen Private Ventures Have Agreed to Mutually Terminate Previously Announced Capital Raise Releases Presentation Detailing Strategic Initiatives and Republic's Significant Opportunities PHILADELPHIA, July 17, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic" or the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced that Chairman Andrew B. Cohen and President and Chief Executive Officer Thomas X. Geisel have sent a letter to shareholders. The letter explains the challenges Republic has faced, details the elements of the strategy
PHILADELPHIA, July 05, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the parent company Republic First Bank d/b/a Republic Bank (the "Bank") is proud to announce a significant donation from the Bank in the form of a 3-year grant to Margate Terrace Senior Living Apartment Building. This initiative is part of Republic Bank's dedication to the Community Reinvestment Act (CRA) and is being executed in collaboration with Senior Secure, an effort focused on providing protection against elder abuse and enhancing the quality of life for seniors. Margate Terrace, a senior living apartment building for low-to-moderate income residents, has been serving the Jersey Shore comm
PHILADELPHIA, June 30, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic" or the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced that its 2022 Annual Meeting of Shareholders (the "Annual Meeting") will be held on Thursday, October 5, 2023. The Board of Directors (the "Board") has set August 11, 2023 as the record date for determining shareholders entitled to receive notice of, and vote at, the Annual Meeting. Shareholders of record are entitled to propose nominees for election to the Board at the Annual Meeting in accordance with the advance notice requirements of the Company's Amended and Restated Articl
PHILADELPHIA, June 26, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company"), the parent company of Republic First Bank d/b/a Republic Bank ("Republic Bank" or the "Bank"), today announced the appointments of Sandra C. Pintor as Senior Vice President and Corporate Controller, effective June 12, 2023, and Emanuel Ball as Senior Vice President and Facilities Director, effective May 1, 2023. In her new role, Ms. Pintor will lead accounting operations and regulatory reporting, focusing on enahancing internal controls and process improvements. She will report to Senior Vice President and Chief Accounting Officer, Mike LaPlante and will work closely with Republic B
PHILADELPHIA, June 20, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Brian F. Doran, Esq., as Executive Vice President and General Counsel, effective June 20, 2023. Mr. Doran has a distinguished background in the financial services industry that includes relevant legal and corporate governance roles at top institutions. He will report to Thomas X. Geisel, President and CEO. In his new role at Republic, Mr. Doran will lead legal and corporate governance initiatives while providing operational and strategic support to the organization. He will
PHILADELPHIA, June 06, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Francis "Fran" Mitchell as Senior Vice President, Treasurer and Chief Investment Officer, effective June 1, 2023. Fran brings a wealth of experience and expertise in the banking and finance industry based on his background holding senior positions at several notable financial institutions. He will report to Mike Harrington, Executive Vice President and Chief Financial Officer. Fran will play a key role in overseeing and optimizing the Bank's financial performance and furt
PHILADELPHIA, May 01, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company" or "Republic"), the holding company for Republic First Bank d/b/a Republic Bank (the "Bank"), today reported financial results for the first quarter ended March 31, 2023. "Our strong community banking brand, ingrained commitment to customers and focus on relationship banking have allowed us to largely maintain steady deposit levels amid a period of uncertainty and volatility in the banking sector," said President and Chief Executive Officer Thomas X. Geisel. "We are highly focused on executing our strategy to restore profitability, improve capital levels and enhance shareholder value
PHILADELPHIA, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the holding company for Republic Bank, today announced its financial results for the period ended December 31, 2021. Q4-2021 Financial Highlights Net income for the twelve-month period ended December 31, 2021 increased by 398% to $25.2 million, or $0.33 per diluted share, compared to net income of $5.1 million, or $0.07 per diluted share, for the twelve-month period ended December 31, 2020.Net income for the quarter ended December 31, 2021 increased to $6.1 million, or $0.08 per diluted share, compared to net income of $4.1 million, or $0.05 per diluted share, for the quarter ended December 31, 20
PHILADELPHIA, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the fourth quarter of 2021 on Thursday, January 20, 2022. The Company will hold a conference call to review these results on the same day at 11:00am (EST). Analyst and Investor Call Date:January 20, 2022Time:11:00am (EST)From the U.S. dial:(888) 517-2513 US Toll Free or (847) 619-6533 US TollParticipant Pin:6393 951# An operator will assist you in joining the call. Replay Information:Will be available on the Company's website on the Investor Relations page. About Republic Bank Repu
PHILADELPHIA, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the holding company for Republic Bank, today announced its financial results for the period ended September 30, 2021. Q3-2021 Financial Highlights Net income for the nine-month period ended September 30, 2021 increased to $19.1 million, or $0.25 per diluted share, compared to net income of $1.0 million, or $0.02 per diluted share, for the nine month period ended September 30, 2020.Net income for the quarter ended September 30, 2021 increased to $6.1 million, or $0.08 per diluted share, compared to a net loss of $1.0 million, or $(0.02) per diluted share, for the quarter ended September 30, 202
PHILADELPHIA, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the third quarter of 2021 on Wednesday, October 27, 2021. The Company will hold a conference call to review these results on the same day at 11:00am (EDT). Analyst and Investor Call Date: October 27, 2021Time:11:00am (EDT)From the U.S. dial:(800) 774-6070 US Toll Free or (630) 691-2753 US TollParticipant Pin:9216 154# An operator will assist you in joining the call. Replay Information:Will be available on the Company's website on the Investor Relations page. About Republic Bank Republic Bank, a
PHILADELPHIA, July 23, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the holding company for Republic Bank, today announced its financial results for the period ended June 30, 2021. Q2-2021 Financial Highlights Net income for the six month period ended June 30, 2021 increased by 578% to $13.0 million, or $0.17 per diluted share, compared to net income of $1.9 million, or $0.03 per diluted share, for the six month period ended June 30, 2020.Net income for the quarter ended June 30, 2021 increased by 136% to $5.9 million, or $0.08 per diluted share, compared to net income of $2.5 million, or $0.04 per diluted share, for the quarter ended June 30, 2020.The improvement
PHILADELPHIA, July 16, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the holding company for Republic Bank, announced that it expects to issue financial results for the second quarter of 2021 on Friday, July 23, 2021. The Company will hold a conference call to review these results on the same day at 11:00am (EDT). Analyst and Investor Call Date:July 23, 2021Time:11:00am (EDT)From the U.S. dial:(888) 517-2513 US Toll Free or (847) 619-6533 US TollParticipant Pin:7439 995# An operator will assist you in joining the call. Replay Information: Will be available on the Company's website on the Investor Relations page. About Republic Bank Republic Bank, a subsidiary o
PHILADELPHIA, April 22, 2021 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the holding company for Republic Bank, today announced its financial results for the period ended March 31, 2021. Q1-2021 Financial Highlights Net income for the quarter ended March 31, 2021 increased by 72% to $7.1 million, or $0.09 per diluted share, compared to net income of $4.1 million, or $0.05 per diluted share, for the quarter ended December 31, 2020. The improvement in earnings was driven by dramatic growth in revenue while the Company's focus on cost control initiatives limited expense growth. During the first quarter of 2021 total revenue increased 53% and non-interest expense increas
PHILADELPHIA, July 19, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic" or the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Linda Sanchez as Executive Vice President and Chief People Officer ("CPO"), effective July 17, 2023. Ms. Sanchez brings more than 25 years of experience in human resources, administration, and operations across the financial and professional services sectors. She will report directly to Thomas X. Geisel, President and CEO. As CPO, Ms. Sanchez will oversee the financial and strategic aspects of human capital planning, as well as talent acquisition and retention
PHILADELPHIA, June 20, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Brian F. Doran, Esq., as Executive Vice President and General Counsel, effective June 20, 2023. Mr. Doran has a distinguished background in the financial services industry that includes relevant legal and corporate governance roles at top institutions. He will report to Thomas X. Geisel, President and CEO. In his new role at Republic, Mr. Doran will lead legal and corporate governance initiatives while providing operational and strategic support to the organization. He will
PHILADELPHIA, June 06, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Francis "Fran" Mitchell as Senior Vice President, Treasurer and Chief Investment Officer, effective June 1, 2023. Fran brings a wealth of experience and expertise in the banking and finance industry based on his background holding senior positions at several notable financial institutions. He will report to Mike Harrington, Executive Vice President and Chief Financial Officer. Fran will play a key role in overseeing and optimizing the Bank's financial performance and furt
PHILADELPHIA, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today has announced the appointment of Michael LaPlante as Senior Vice President, Chief Accounting Officer, effective January 17, 2023. Mr. LaPlante will be an integral leader on the finance team overseeing the Company's accounting functions, and will report directly to Chief Financial Officer, Michael Harrington. Mr. LaPlante has more than 25 years of experience leading financial and regulatory reporting, accounting operations and financial planning and analysis teams ("FP&A"). Prior to joining the Compan
Appoints Industry Veterans Thomas X. Geisel as CEO and Michael W. Harrington as CFO Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic First" or the "Company"), the holding company for Republic First Bank d/b/a Republic Bank, today announced several leadership changes. Thomas ("Tom") X. Geisel has been appointed Chief Executive Officer and President, and as a member of the Board of Directors (the "Board"), effective immediately. Mr. Geisel has a diverse financial services background, including leadership experience growing regional banks for more than twenty years – most recently as President, Corporate Banking, at Webster Bank (formally known as Sterling National Bank). Additionally,
Third Circuit Court of Appeals Overturns Lower Court Decision to Appoint Custodian to Oversee Company; Rules that Majority of In-Office Directors "Shall" Fill the Board Vacancy CEO Vernon W. Hill Resigns Special Meeting of Shareholders to Be Cancelled Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company") today announced that yesterday, Benjamin C. Duster, IV was appointed as an independent member of the Board of Directors (the "Board"), effective immediately. Mr. Duster's appointment follows the United States Court of Appeals for the Third Circuit (the "Third Circuit") reversing the decision of the United States District Court for the Eastern District of Pennsylvania, which appoint
Nominates Peter Bartholow for Election to the Company's Board of Directors at Court-Ordered Special Meeting of Shareholders to Be Held No Later than July 10th Believes that Unfortunate Boardroom Dysfunction Has Been Perpetuated by CEO Vernon Hill's Intransigence and Failed Business Strategy Driver Management Company LLC (together with its affiliates, "Driver" or "we"), a sizable shareholder of Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic First Bancorp" or the "Company"), today issued a statement regarding its decision to nominate a highly qualified and independent candidate for election to the Company's Board of Directors (the "Board") at a court-ordered special meeting of shareh
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 Bo
Republic First Bancorp (OTC:FRBK) has been seized by U.S. regulators and sold to Fulton Bank, a unit of Fulton Financial Corp (NASDAQ:FULT). This comes a year after the collapse of three of its peers amid a regional bank crisis. What Happened: The Philadelphia-based Republic First, which had previously halted funding negotiations with a group of investors, was taken over by the Pennsylvania Department of Banking and Securities, reported the Federal Deposit Insurance Corp. (FDIC) on Friday. Fulton Bank will acquire almost all of Republic Bank’s assets and deposits to safeguard the depositors. Republic Bank had approximately $6 billion in total assets and $4 billion in total deposits
U.S. stocks traded mostly lower toward the end of trading, with the Dow Jones falling over 100 points on Tuesday. The Dow traded down 0.39% to 34,330.87 while the NASDAQ rose 0.24% to 13,530.50. The S&P 500, also fell, dropping, 0.11% to 4,394.78. Check This Out: Top 5 Financial Stocks You May Want To Dump This Quarter Leading and Lagging Sectors Utilities shares rose by 0.3% on Tuesday. In trading on Tuesday, financial shares fell by 0.8%. Top Headline Dick's Sporting Goods, Inc. (NYSE:DKS) reported worse-than-expected second-quarter results and lowered FY23 guidance. Sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion. Adjusted EPS of $2.82, dow
On Tuesday, 210 companies reached new 52-week lows. Interesting Points From Today's 52-Week Lows: Enbridge (NYSE:ENB) was the largest firm by market cap to set a new 52-week low. First Wave BioPharma (NASDAQ:FWBI) was the smallest company in terms of market cap to set a new 52-week low. Republic First Bancorp (NASDAQ:FRBK)'s stock came under the most pressure, trading down 37.14% to reach a new 52-week low. Monro (NASDAQ:MNRO)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. The stocks that set new 52-week lows on Tuesday: Enbridge (NYSE:ENB) stock set a new 52-week low of $34.46 on Tuesday, moving down 0.63%. Target (NYSE:TGT) stock hit
Gainers Fulcrum Therapeutics, Inc. (NASDAQ:FULC) shares jumped 42.8% to $5.60 after the FDA lifted clinical hold on the company’s FTX-6058 for sickle cell disease. VinFast Auto Ltd. (NASDAQ:VFS) gained 42% to $24.96. Axcella Health Inc. (NASDAQ:AXLA) shares climbed 37.3% to $0.2101 after gaining 12% on Monday. The company recently posted a narrower-than-expected quarterly loss. Sidus Space, Inc. (NASDAQ:SIDU) shares gained 30.4% to $0.2101. Sidus Space acquired edge artificial intelligence company, Exo-Space. BioNexus Gene Lab Corp. (NASDAQ:BGLC) jumped 28.3% to $1.35. Fabrinet (NYSE:FN) gained 25% to $146.01 after the company reported better-than-expected fourth-quarter financial
U.S. stocks traded mixed midway through trading, with the Dow Jones falling over 100 points on Tuesday. The Dow traded down 0.32% to 34,354.22 while the NASDAQ rose 0.52% to 13,567.52. The S&P 500, also rose, gaining, 0.07% to 4,402.67. Check This Out: Top 5 Financial Stocks You May Want To Dump This Quarter Leading and Lagging Sectors Communication services shares rose by 0.8% on Tuesday. In trading on Tuesday, financial shares fell by 0.7%. Top Headline Existing-home sales in the U.S. fell 2.2% from a month ago to an annualized rate of 4.07 million units in July. Equities Trading UP Fulcrum Therapeutics, Inc. (NASDAQ:FULC) shares shot up 49% to $5.87 after the FDA lifted clin
U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining over 50 points on Tuesday. Following the market opening Tuesday, the Dow traded down 0.07% to 34,439.33 while the NASDAQ rose 0.43% to 13,555.37. The S&P 500, also rose, gaining, 0.20% to 4,408.63. Check This Out: Top 5 Financial Stocks You May Want To Dump This Quarter Leading and Lagging Sectors Consumer discretionary shares rose by 0.5% on Tuesday. In trading on Tuesday, consumer staples shares fell by 0.5%. Top Headline Lowe's Companies Inc (NYSE:LOW) reported better-than-expected second-quarter earnings and reaffirmed FY23 outlook. Lowe's reported a second-quarter FY23 sales decline of 9.17% year-on-yea
Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic" or the "Company"), the parent company of Republic First Bank d/b/a Republic Bank, today announced that it has been notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") that, as of the opening of business on August 23, 2023, the Company's common stock will no longer be listed on the exchange because the Company has not yet filed its Annual Report on Form 10-K with the Securities and Exchange Commission (the "SEC") for fiscal year 2022. The Company expects its common stock to promptly begin trading on the OTC marketplace, enabling investors to continue to access accurate information, including stock p
Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company"), the holding company for Republic First Bank d/b/a Republic Bank, announced that, as anticipated, on August 11, 2023, The Nasdaq Stock Market LLC ("Nasdaq") notified the Company that because the Company's Form 10-Q for the three months ended June 30, 2023 (the "Form 10-Q") was not timely filed with the Securities and Exchange Commission (the "SEC"), the Company did not satisfy Nasdaq Listing Rule 5250(c)(1) (the "Filing Requirement") and that the Nasdaq Hearings Panel (the "Panel") would consider the additional deficiency in its deliberations regarding the Company's continued listing. The Company intends to present its plan to file t