Republic First Bancorp And Pennsylvania Commerce Bancorp Are To Merge

Republic First Bancorp Inc., holding company of Republic First Bank, announced that its shareholders, at a special meeting held on March 18, 2009, approved the proposal for Republic First Bancorp to merge with Pennsylvania Commerce Bancorp Inc. The merger remains

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Republic First Bancorp Inc., holding company of Republic First Bank, announced that its shareholders, at a special meeting held on March 18, 2009, approved the proposal for Republic First Bancorp to merge with Pennsylvania Commerce Bancorp Inc. The merger remains subject to approval of Pennsylvania Commerce’s shareholders, regulatory approvals and other customary closing conditions.

Once the merger is completed, Pennsylvania Commerce Bancorp and Republic First Bancorp will combine to form Metro Bancorp Inc. With headquarters in Harrisburg and Philadelphia, Metro Bancorp will have a network of 45+ convenient stores and pursue aggressive growth in Metro Philadelphia, Southern New Jersey and Central Pennsylvania. Metro Bank customers will enjoy:

— 7-day branch banking– FREE checking without hidden fees– Banking with no stupid rules– “Best in Class” products and services– Friendly, knowledgeable customer service representatives

“This is an exciting moment for Republic First shareholders, employees and customers,” says Republic First Bancorp Founder, chairman and CEO Harry D. Madonna. “Metro Bank is coming soon and it is going to change the banking landscape in Philadelphia, South Jersey and beyond. We are preparing to launch America’s Next Great Bank.”

Republic First Bank (PA) is a full-service, state-chartered commercial bank, whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through its twelve offices located in Abington, Ardmore, Bala Cynwyd, Plymouth Meeting, Media and Philadelphia, Pennsylvania and Voorhees, New Jersey.

D.C.

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