Republic First Bancorp, Inc. announced its subsidiary, Republic Bank, named Peter Musumeci as the Market President for Metro New York, including New York City, Long Island, Westchester County and Northern New Jersey.

Musumeci was Chief Credit Officer and Chief Lender for Commerce Bancorp, Inc. from 1974 to 2007. During that period, Commerce grew to $50 billion in assets including its major expansion into Metro New York. Recently, Musumeci has been a consultant to Republic Bank assisting the credit and lending team focused on Metro New York. Musumeci is a member of the Board Directors of Republic Bank.

Vernon W. Hill, II, Chairman and CEO of Republic First Bancorp and Republic Bank, said, “Peter Musumeci has been my partner for 47 years, successfully growing first Commerce Bank and now Republic Bank. His experience in Metro New York was a key to our success. We are very pleased to have Mr. Musumeci lead our New York team. Republic Bank currently has two stores and a lending team in Manhattan with much more to come.”

Republic Bank also has named Steve McWilliams as Market President for Metro Philadelphia, including South New Jersey and Delaware. McWilliams has been the Senior Lender at Republic Bank for the last five years. Prior to that he was a Senior Lender for Commerce Bank.

“Steve has been a valued member of our teams both at Commerce Bank and now at Republic Bank. He is uniquely qualified to deliver our Power of Red model,” Hill said.