Republic Bank Mourns Passing of Longtime Director Theodore J. Flocco, Jr.

Theodore J. Flocco, Jr.

PHILADELPHIA, May 12, 2022 (GLOBE NEWSWIRE) — Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, is deeply saddened by the passing of longtime Republic Bank Director, Theodore J. Flocco, Jr.

A native of South Philadelphia who raised his family in Southern New Jersey, Mr. Flocco became a lifelong certified public accountant after graduating from St. Joseph’s University. He spent more than 35 years with Ernst & Young as a Senior Audit Partner, advising many of the largest SEC regulated clients with a focus on banks, including Commerce Bank. After his retirement, he worked as a consultant for corporate executives and dedicated much of his time to philanthropy. Since 2008, Mr. Flocco served as a Director of Republic First Bancorp, Inc., seeing the Bank through much of its growth in Metro Philadelphia and expansion into Metro New York.

“Ted was a unique person and a true friend – loyal, intelligent and devoted to his community,” said Vernon W. Hill, II, CEO, and Chairman of Republic Bank. “I’m grateful for his 14 years of service and his many contributions to the Bank and our Board. We trusted him, relied on him and confided in him. He will be dearly missed.”

Mr. Flocco is survived by two sons, Ted and Eric, one daughter, Tara, and 10 grandchildren.

Republic Bank is one of the region’s fastest growing financial institutions and 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 34 stores offer the most convenient hours in the region, with extended lobby and drive-thru hours, providing customers unmatched flexibility. The bank also continuously enhances and upgrades its technology platforms to ensure that it delivers a best-in-class digital experience that is both convenient and secure. Republic Bank 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 34 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
ksheatsley@briancom.com

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