- Republic First Bancorp ( NASDAQ: FRBK ) announced that Benjamin C. Duster, IV was appointed as an independent member of the Board of Directors, effective immediately.
- Company also announced that Vernon W. Hill, III has submitted his resignation as CEO after claiming the company breached his employment agreement.
- His resignation is effective August 8, 2022.
- The Board is evaluating candidates to serve as Interim CEO and will formally announce an appointment in due course.
For further details see:
Republic First Bancorp CEO resigns, bringing up employment agreement breach