Republic First Bancorp, Inc. is a bank holding company that provides banking services through Republic First Bank (Republic). The Company does not engage in any activities other than banking activities. During the year ended of December 31, 2008, the Company had total assets of approximately $952.0 million, total deposits of approximately $739.2 million and net loans receivable outstanding of approximately $774.7 million. The majority of such loans were made for commercial purposes. Republic’s primary business banking service area consists of the Greater Philadelphia region, including Center City Philadelphia and the northern and western suburban communities located principally in Montgomery and Delaware Counties in Pennsylvania and northern Delaware. Republic also serves the surrounding counties of Bucks and Chester in Pennsylvania, southern New Jersey and southern Delaware.