REPUBLIC FIRST BANCORP, INC. (NASDAQ:FRBK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

REPUBLIC FIRST BANCORP, INC. (NASDAQ:FRBK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On June 27, 2017, the board of directors of Republic First Bancorp, Inc. (the “Company”) elected Andrew B. Cohen as a Class II director of the Company, effective immediately. Mr. Cohen is the Co-founder and Managing Director of Cohen Private Ventures, LLC (“CPV”), an investment management firm which provides long-term capital funding, primarily through direct private investments and other opportunistic transactions. There were no arrangements or understandings between Mr. Cohen and any other persons to which he was selected as a director.
As previously reported on an amendment to Schedule 13G, filed with the Securities and Exchange Commission on February 14, 2017, CPV Republic Investment, LLC (“CPV Republic”) beneficially owns 5,606,001 shares of the Company’s common stock, including 1,869,159 shares purchased in the Company’s registered offering completed in December 2016. Mr. Cohen maintains voting and investment power with respect to the securities of CPV Partners, LLC (“CPV Partners”), a subsidiary of CPV and holder of an indirect interest in CPV Republic. Mr. Cohen disclaims beneficial ownership of the shares of the Company’s common stock held by CPV Republic.

About REPUBLIC FIRST BANCORP, INC. (NASDAQ:FRBK)

Republic First Bancorp, Inc. is a holding company for Republic First Bank (the Bank), which does business under the name Republic Bank. The Company’s community banking segment encompasses the commercial loan and deposit activities of the Bank, as well as consumer loan products. It offers a range of banking products and services, including consumer and commercial deposit accounts, checking accounts, interest-bearing demand accounts, money market accounts, certificates of deposit, savings accounts, sweep accounts, lockbox services and individual retirement accounts, secured and unsecured commercial loans, real estate loans, construction and land development loans, automobile loans, home improvement loans, mortgages, home equity and overdraft lines of credit, and other products. The Company conducts its principal banking activities through approximately 20 branch locations.

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