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Posted 06 February, 2023

REPUBLIC FIRST BANCORP INC appointed new CEO

CEO Change detected for ticker Nasdaq:FRBK in a 8-K filed on 06 February, 2023.


  On February 6, 2023, Thomas ("Tom") X. Geisel, Chief Executive Officer and President of the Company, was appointed President of the Bank.  

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Overview of REPUBLIC FIRST BANCORP INC
Financial Services • Banking
Republic First Bancorp, Inc. is a bank holding company, which engages in the provision of a variety of credit and depository banking services through its subsidiary. It offers checking, savings, cash management, commercial, small business administration, and commercial real estate loans, mortgages, credit, debit, and gift cards, online and mobile banking, merchant services, and mobile deposit services. The company was founded on November 16, 1987 and is headquartered in Philadelphia, PA.
Market Cap
N/A
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Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Republic First Bancorp, Inc. (the "Company"), its wholly owned subsidiary, Republic First Bank d/b/a Republic Bank (the "Bank") and Andrew Logue, President and Chief Operating Officer of the Bank and Chief Operating Officer of the Company, mutually agreed that Mr. Logue's employment with the Company and the Bank would end effective January 31, 2023 (the "Separation Date"). Mr. Logue's duties and responsibilities to the Company and its subsidiaries, including the Bank, are being assumed by the remaining members of the management team. On February 6, 2023, Thomas ("Tom") X. Geisel, Chief Executive Officer and President of the Company, was appointed President of the Bank.

 

In connection with Mr. Logue's separation he has entered into a separation agreement that provides for severance, and additionally he and his family will be eligible to continue participation in the Bank's or the Company's health benefits plan as applicable following the Separation Date.

 

A copy of the separation agreement entered into with Mr. Logue is filed herewith as Exhibit 10.1 and incorporated herein by reference. The description of the material terms of the agreement contained herein is qualified in its entirety by reference to the full text of such agreement.