SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF THE REPORT (Date of Earliest Event Reported): February 1, 1999
REPUBLIC FIRST BANCORP, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
PENNSYLVANIA 0-17007 23-2486815
(STATE OR OTHER JURISDICTION (COMMISSION FILE (I.R.S. EMPLOYER
OF INCORPORATION) NUMBER) IDENTIFICATION NO.)
1608 WALNUT STREET, PHILADELPHIA PA 19103
(ADDRESS AND ZIP CODE OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (215) 735-4422
----------------------------------------------------
(FORMER NAME OR FORMER ADDRESS, IF CHANGED FROM LAST REPORT)
Page 1 of 5 Pages
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Item 5. Other Events.
On February 1, 1999, the Registrant announced that effective February
16, 1999, the Board of Directors has elected Robert D. Davis as President and
Chief Executive Officer of First Republic Bank, a wholly owned subsidiary of the
Registrant.
A copy of the press release announcing this transaction is attached as
Exhibit 99.1.
Page 2 of 5 Pages
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
REPUBLIC FIRST BANCORP, INC.
(Registrant)
Dated: March 1, 1999 By: /s/ George S. Rapp
-------------------------------
George S. Rapp
Executive Vice President
Page 3 of 5 Pages
Exhibit 99.1
Press Release date February 1, 1999
NEWS RELEASE
FOR RELEASE
IMMEDIATELY
Contact: Jere A. Young
215-735-4422
Philadelphia, PA., February 1, 1999 - (NASDAQ:FRBK). Robert D. Davis
was elected President and Chief Executive Officer of First Republic Bank,
effective February 16, 1999, it was announced here today by Harry D. Modonna,
Esq., Chairman of the Board of First Republic Bank, and Jere A. Young, President
and CEO of the bank's parent company, Republic First Bancorp, Inc. Davis will be
directly responsible for all aspects of the bank's overall operations and
performance. Immediately prior to being elected as President and Chief Executive
Officer of First Republic Bank, Davis served as regional President of Mellon
Bank PSFS in the Philadelphia and southern New Jersey region. From 1993 to 1995,
he was Chairman, President and CEO of Mellon Bank, Northern Region. Prior to
joining Mellon, Davis served in various senior executive capacities with Marine
Midland Bank, N.A., Buffalo, N.Y., which included Senior Vice
President-Marketing services group, Senior Vice President and group executive of
new ventures and Administrative Vice President directing Marine Midland's Long
Island Region, which included 32 branch offices.
In making the announcement, Young stated, "After a broad search, we are
delighted to have found someone of Mr. Davis' stature, experience and knowledge
of our industry to take over the leadership of the management team of our bank
and to lead us into the next millennium. Bob Davis
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has an extensive background and record of success in all aspects of commercial
and retail banking and he is a tremendous addition to our management team."
Davis currently is on the board of directors and executive committee of
the Boy Scouts of America, Cradle of Liberty Council. He previously served on
the boards of the Greater Philadelphia Urban Affairs Coalition, Schuylkill River
Development Counsel, Mellon Bank Community Development Corporation and the
Filled Cup Association-Community Development Credit Union.
Married and the father of six children, Davis and his wife, Edwina, are
residents of Malvern, PA.
First Republic Bank is a full-service, state-chartered commercial bank
and is a member of the Federal Reserve System. Its deposits are insured by the
Federal Deposit Insurance Corporation (FDIC). The bank offers diverse financial
products through its eight offices located in Philadelphia, Ardmore, Abington
and East Norriton.
Contact: Jere A. Young of Republic First Bancorp, (215) 735-4422
(FRBK).
Page 5 of 5 Pages
