PHILADELPHIA, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the hiring of Joseph Tredinnick as Market President. In this newly established role, Tredinnick will utilize his 27 years of commercial and retail banking experience to support the growth of Republic’s customer base in Pennsylvania.

Tredinnick was most recently Regional Vice President at TD Bank after a 27-year career beginning at Commerce Bank in 1992. He started as a credit analyst prior to serving as an asset recovery officer, a credit underwriting manager and a commercial lender.

Vernon W. Hill, II, Chairman of Republic Bank and Founder of Commerce Bank, commented: “The recruitment of Joe Tredinnick is another important step for Republic Bank as we rebuild ‘The Power of Red’ and position the bank for growth and expansion in 2019 and beyond.”

“I am looking forward to starting the next chapter of my career at Republic Bank by rejoining Vernon Hill, Founder of Commerce Bank and an industry leader,” said Tredinnick. “The team is redefining what it means to love your bank again and is at the forefront of many important industry changes on both the retail and the commercial sides. I’m excited to be a part of the movement.”

Tredinnick serves as a board member of Rowan College at Burlington County College Foundation, Kennedy Health Foundation, Thomas Edison State University Foundation, Boys and Girls Club of Mercer County, Cooper’s Ferry Partnership, Community Foundation of South Jersey and Camden Business Assistance Corporation. He is also the vice chair of Rowan College Burlington County Foundation Board and Treasurer of Burlington County Regional Chamber of Commerce. Tredinnick received his bachelor’s degree from the Wharton School at the University of Pennsylvania and currently resides in Haddon Township with his family.

Building on the momentum of its aggressive growth plan, referred to as "The Power of Red is Back," Republic Bank continues to rapidly expand its footprint and recently announced plans to open stores in New York City beginning in 2019. As one of the largest Philadelphia-based retail banking institutions with 25 convenient locations regionally, Republic Bank stores are open seven days a week, 361 days a year, with extended lobby and drive-thru hours, providing customers with the longest hours of any bank in the area. The bank also offers absolutely free checking, free coin counting, ATM/Debit 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 25 stores located in Burlington, Camden, and Gloucester Counties in New Jersey and Bucks, Delaware, Montgomery and Philadelphia Counties in Pennsylvania. 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.

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