Republic Bank mourns his passing

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

A South Philadelphia native who raised his family in southern New Jersey, Mr. Flocco became a lifelong CPA after graduating from St. Joseph’s University. He spent over 35 years at Ernst & Young as a Senior Audit Partner, advising many of the largest SEC-regulated clients with a focus on banks, including Commerce Bank. After retirement, he worked as a consultant for corporate executives and devoted much of his time to philanthropy. Since 2008, Mr. Flocco has served as a director of Republic First Bancorp, Inc., guiding the Bank through much of its growth in the Philadelphia metro area and its expansion into the New York metro area.

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

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

Republic Bank is one of the region’s fastest growing financial institutions and continues to expand its footprint in Philadelphia, southern New Jersey and New York as part of its “The Power of Red” growth plan. is Back”. Republic Bank’s 34 stores offer the most convenient hours in the region, with extended lobby and drive-thru hours, giving customers unparalleled flexibility. The bank is also continuously improving and updating its technology platforms to ensure a top-notch digital experience that is both convenient and secure. Republic Bank offers absolutely free checks, ATM/debit cards and locally issued credit cards and access to over 55,000 free ATMs worldwide through the Allpoint network.

About the Bank of the Republic

Republic Bank is the trading name of Republic First Bank. Republic First Bank is a full-service, state-chartered commercial bank, whose deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank offers 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 regarding 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, pricing pressures for lending and deposit products, and other factors detailed from time to time in documents filed by the Company 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 -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 statements, whether written or oral , which may be made from time to time by or on behalf of the Company, except as required by applicable law or regulation.

SOURCE: Republic First Bancorp, Inc.

CONTACT
Kelli Sheatsley
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6af5296b-9983-41f8-bbe6-de26b459f558

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