Republic First Bancorp, the parent company of Republic First Bank d/b/a Republic Bank (the “Bank”), announced that its Board of Directors (the “Board”) 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.

Madonna said, “I look forward to continuing to work with the Board and our employees and creating value for our constituents.”

Madonna has more than 30 years of banking experience, founding Republic Bank in 1988 and serving as its Chairman until March 2021. He also served as CEO of the Bank from January 1, 2000 until 2021. Additionally, he served as Chairman of the Company from its formation in 1996 until 2016 and CEO of the Company from January 2000 until March 2021. From 2002 to 2005, he was of counsel to Spector Gadon & Rosen, PC, and, from 1980 to 2001, a partner of Blank Rome LLP.