Republic First Bancorp, Inc. Receives Compliance Notice and New Notice of Non-Compliance from Nasdaq

PHILADELPHIA, May 17, 2023 (GLOBE NEWSWIRE) — Republic First Bancorp, Inc. (NASDAQ:FRBK) (the “Company”), the holding company for Republic First Bank d/b/a Republic Bank, announced that, as anticipated, on May 12, 2023, The Nasdaq Stock Market LLC (“Nasdaq”) notified the Company that because the Company’s Form 10-Q for the three months ended March 31, 2023 (the “Form 10-Q”) was not timely filed with the Securities and Exchange Commission (the “SEC”), the Company did not satisfy Nasdaq Listing Rule 5250(c)(1) (the “Filing Requirement”) and that the Nasdaq Hearings Panel (the “Panel”) would consider the additional deficiency in its deliberations regarding the Company’s continued listing. The Company previously presented for the Panel’s review the Company’s plan to file the Form 10-Q with the SEC by June 30, 2023 and thereby evidence full compliance with the Filing Requirement.

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