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Republic First Bancorp Inc (FRBK.OQ)

FRBK.OQ on NASDAQ Stock Exchange Global Market

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22 Nov 2017
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Summary

Name Age Since Current Position

Vernon Hill

71 2016 Chairman of the Board

Harry Madonna

74 2016 President, Chief Executive Officer, Director

Frank Cavallaro

48 2012 Chief Financial Officer, Executive Vice President

Andrew Logue

59 2010 President and Chief Operating Officer of the Bank

Tracy Young

2015 Executive Vice President, Chief Risk Officer

Jay Neilon

63 2012 Executive Vice President and Chief Credit Officer of the Bank

Andrew Cohen

46 2017 Director

Lisa Jacobs

58 2017 Director

Theodore Flocco

72 2008 Independent Director

Barry Spevak

56 2004 Independent Director

Brian Tierney

60 2011 Independent Director

Harris Wildstein

71 1988 Independent Director

Biographies

Name Description

Vernon Hill

Mr. Vernon W. Hill, II is Chairman of the Board of Republic First Bancorp, Inc. Mr. Hill was previously the chairman, chief executive officer, and president of Commerce Bancorp, Inc. which he founded in 1973. Under his direction, Commerce Bank grew from one location in Marlton, N.J. to more than 450 branches along the east coast of the U.S. with over $50 billion in assets before its sale in 2007. He is often credited with reinventing the concept of American banking. His book titled "Fans Not Customers: How to Create Growth Companies in a No Growth World" is based on the concept that it is better to have fans rather than customers and that businesses should compete on service instead of price. Mr. Hill is also the chairman and founder of Metro Bank in the U.K., Britain's first new High Street bank in over 100 years. Since opening its first branch in 2010, Metro Bank has grown to 48 branches, $12 billion in assets, and over 900,000 customer accounts in just six years. Mr. Hill is also the chairman of Petplan, USA, the largest pet health insurer in the world. He also is a partner in a real estate development firm which has developed numerous shopping centers and retail locations. Mr. Hill's experience in banking for over forty years provides the Company with leadership skills and knowledge required to successfully operate and grow financial institutions. His experience in real estate and other businesses also offers the board valuable insight to execute its expansion strategy.

Harry Madonna

Mr. Harry D. Madonna serves as President, Chief Executive Officer, Director of the Company. He was chairman of the Company from 1988 to December 2016. He has served as president and chief executive officer of the Company since 2001. Mr. Madonna has also served as chairman of the Bank since 1988 and chief executive officer of the Bank since 2001. He served as the Bank's president from 2001 until May 2010. From 1999 through November 2012, Mr. Madonna served as executive chairman of First Bank of Delaware and served as its chief executive officer from January 2002 until July 2008. Mr. Madonna was of counsel to Spector Gadon & Rosen, PC, a general practice law firm located in Philadelphia, Pennsylvania from January 1, 2002 until June 30, 2005 and prior to that, was a partner of Blank Rome LLP, a law firm located in Philadelphia, Pennsylvania from 1980 until December 2001. Mr. Madonna's background as an attorney and years of experience with the Bank provides him with the skills to serve on the board of both the Company and the Bank. Mr. Madonna's position within the Company and the Bank also provides him with intimate knowledge of our business, results of operations and financial condition. Further, as the chief executive officer of the Company and the Bank and chairman of the Bank, Mr. Madonna acts as the liaison between the board of directors and the management team, and assists the board in its oversight of the Company and the Bank.

Frank Cavallaro

Mr. Frank A. Cavallaro is Chief Financial Officer, Executive Vice President of Republic First Bancorp Inc., since February 2012. Mr. Cavallaro had been a senior vice president and chief financial officer of the Company and the Bank since August 31, 2009. Prior to joining the Company, Mr. Cavallaro, served as a vice president in the finance department for Commerce Bank, N.A. and its successor TD Bank, N.A. from September 1997 to August 2009. Mr. Cavallaro, a certified public accountant, has eighteen years of experience in the financial services industry and, prior to that, three years of experience in public accounting with Ernst & Young LLP.

Andrew Logue

Mr. Andrew J. Logue is President and Chief Operating Officer of Republic Bank, a subsidiary of Republic First Bancorp Inc., since May 2010. Mr. Logue had been executive vice president and chief operating officer of the Bank since August 20, 2008. Prior to joining the Bank, Mr. Logue, served as senior vice president/enterprise risk management for Commerce Bank, N.A. and its successor TD Bank, N.A. from March 1991 to August 2008. Mr. Logue served in various functions during his tenure at Commerce Bank, N.A.

Tracy Young

Ms. Tracy A. Young is Executive Vice President, Chief Risk Officer of Bank of the Company. Ms. Young had been a senior vice president and chief risk officer of the Bank since her initial date of hire on April 26, 2010. Ms. Young has over 30 years of experience in the areas of risk management and compliance for financial institutions. Prior to joining the Bank, Ms. Young served in various internal audit, compliance and risk management roles for Harleysville National Bank and Trust Company from 1992 to 2010 including the Director of Risk Management and Director of Internal Audit positions.

Jay Neilon

Mr. Jay M. Neilon is Executive Vice President and Chief Credit Officer of Republic Bank, a subsidiary of Republic First Bancorp Inc., since February 2012. Mr. Neilon had been a senior vice president and chief credit officer of the Bank since December 31, 2008. Prior to joining the Bank, Mr. Neilon, served as senior credit officer for Commerce Bank, N.A. and its successor TD Bank, N.A. from July 1992 to December 2008. Prior to Commerce Bank, N.A., Mr. Neilon held various credit and lending positions with Fidelity Bank, Philadelphia, PA from September 1976 to July 1992.

Andrew Cohen

Mr. Andrew B. Cohen is Director of the company. Prior to his role at Cohen Private Ventures, Cohen was Managing Director and Partner of Dune Capital Management, an investment management company based inNew York City. He also invested in public equities and debt securities with S.A.C. Capital. He began his career at Morgan Stanley as an analyst in the real estate principal investing group and was also an associate in the mergers and acquisitions group after completing business school. In addition to serving on Republic Bank's Board of Directors, Cohen also holds positions on the boards of various public and private organizations including, The New York Mets Baseball Club, Laureate Education, Inc. and the Advisory Board of Metro Bank PLC. He also serves on the National Advisory Board of the Johns Hopkins Berman Institute of Bioethics and the Painting and Sculpture Committee of The Whitney Museum of American Art. Cohen is a graduate of The Wharton School of theUniversity of Pennsylvania.

Lisa Jacobs

Ms. Lisa R. Jacobs is Director of the company. Ms. Jacobs is a partner at DLA Piper, a global law firm specializing in business law and is the Chair of its Philadelphia office corporate group. She has experience in representing individuals, businesses, and institutional clients in domestic and international matters including venture capital transactions, complex corporate finance matters, institutional and private equity financings, asset securitizations, private placements, mergers and acquisitions and governance issues. Ms. Jacobs is active in a number of national and regional professional organizations, as well as in national and local politics. She is a member of the American Law Institute, the Uniform Law Commission, and the Pennsylvania Department of State Corporations Advisory Board. Ms. Jacobs is also active in several civic and charitable organizations including the Museum of the American Revolution, Teen Cancer America, Philadelphia-Freedom Valley YMCA, and the Drexel University College of Law. Ms. Jacobs' wide ranging experience as an attorney provides the Company with valuable experience in matt

Theodore Flocco

Mr. Theodore J. Flocco, Jr., CPA, is an Independent Director of Republic First Bancorp Inc., since June 17, 2008. Before his retirement from Ernst & Young LLP, Mr. Flocco was a general audit partner and advised many of the largest SEC regulated clients of the Philadelphia office for more than 35 years, including several regional and local banks. Mr. Flocco has experience in the banking, mutual fund, real estate and manufacturing and distribution industries. His responsibilities at Ernst & Young LLP included consulting with senior executives and directors of companies on accounting and strategic business issues, mergers and acquisitions, public offerings and SEC registrations. He has extensive experience in the public offering market through his involvement in more than 100 public equity and debt offerings. Mr. Flocco's experience in public accounting and SEC matters provides the board with depth in matters related to accounting, SEC financial reporting and shareholder communication and also qualifies him as a financial expert to serve on the board's audit committee.

Barry Spevak

Mr. Barry L. Spevak is an Independent Director of Republic First Bancorp Inc., since April 2004. He has also been a partner with Downey, Spevak and Associates, Ltd., a certified public accounting firm, since 1991 and has previously served as the treasurer of the Recording for the Blind and Dyslexic. Mr. Spevak's experience as a certified public accountant qualifies him as a financial expert and his financial accounting background provides the board with an understanding of financial statements, accounting and operational and financial controls. He also provides the Company with general business knowledge.

Brian Tierney

Mr. Brian P. Tierney, Esq., is an Independent Director of Republic First Bancorp Inc., since April 2011. He has also served as chief executive officer of Brian Communications, a strategic communications agency, and Real Time Media, an interactive marketing services agency since November 2010. He was publisher of the Philadelphia Inquirer and Daily News and chief executive officer of its parent company, Philadelphia Media Holdings LLC, from June 2006 and August 2006, respectively, until October 2010. In February 2009, Philadelphia Newspapers LLC, a subsidiary of Philadelphia Media Holdings LLC, filed voluntary petitions for reorganization relief pursuant to Chapter 11 of the United States Bankruptcy code and emerged from bankruptcy in October 2010. He previously served as chairman and chief executive officer of Tierney Holdings LLC, a private investment firm. From June 2004 to March 2005, he was vice chairman of Advanta Corp. Prior to that period, he was the founding partner of T2 Group, a public relations firm, from November 2003 until it was sold to Advanta Corp. Mr. Tierney serves as a director on a variety of civic, educational and charitable boards, including the board of directors of Nutrisystem, Inc., a publicly traded corporation and leading provider of home-delivered weight-loss meal plans. Mr. Tierney has a strong corporate leadership background, having served as a chief executive officer and having held additional management positions at several companies. His service as a director on the board of another public company and a member of other boards also provides insight on corporate governance issues.

Harris Wildstein

Mr. Harris Wildstein, Esq., is an Independent Director of Republic First Bancorp Inc., since 1988. From 1999 through November 2012, Mr. Wildstein served as a director of First Bank of Delaware. Since September 2004, Mr. Wildstein has been an owner and officer of Lifeline Funding, LLC, a pre-settlement funding organization. He has been the Vice President of R&S Imports, Ltd., an automobile dealership, since 1977, and president of HVW, Inc., an automobile dealership, since 1982. Mr. Wildstein's background in owning and managing multiple businesses has made him sophisticated in the analysis of financial matters and offers the board insight into understanding the many customers that the Bank serves today. Mr. Wildstein also provides the board with valuable leadership and management perspectives and business acumen.

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