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Republic Bank Hires New Store Manager

In the news release, Republic Bank Hires New Store Manager, issued Oct. 21, 2010 by Republic Bank over PR Newswire, we are advised by the company that the headline should read: "Republic Bank Hires New Commercial Lender" rather than "Republic Bank Hires New Store Manager" as originally issued inadvertently. The complete, corrected release follows:

Republic Bank Hires New Commercial Lender

PHILADELPHIA, Oct. 21 /PRNewswire-FirstCall/ -- Republic Bank (Nasdaq: FRBK) today announced Patrick W. Taggart as the new Vice President of Commercial Lending for Southern New Jersey.  His responsibilities include marketing Commercial Loan and Cash Management products, as Republic Bank continues its expansion into Southern New Jersey.    

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Patrick was previously with TD Bank (formerly Commerce Bank) as Vice President Commercial Loan Officer.  At TD Bank he managed the largest loan portfolio in the Southern New Jersey market while developing new business in the market.  

Patrick stated, "I am excited to join Republic Bank and be a part of a dynamic and growth-oriented organization that is focused on providing first class customer service.  I look forward to helping write the next chapter of Republic's success story as it grows throughout South Jersey."

About Republic Bank

Republic Bank is the new operating name for Republic First Bank.  Republic 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 thirteen offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Haddonfield and Voorhees, New Jersey.

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.

SOURCE Republic Bank

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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