KPMG LLP
1601 Market Street
Philadelphia, PA 19103-2499


                          Independent Auditors' Consent

The Board of Directors
Republic First Bancorp, Inc.:

     We consent to the incorporation by reference in the registration  statement
No.  333-602265 on Form S-8 of Republic First Bancorp,  Inc. of our report dated
January 22, 2002, with respect to the consolidated statements of income, changes
in shareholders'  equity, and cash flows of Republic First Bancorp, Inc. for the
year ended  December  31, 2001,  which  report  appears in the December 31, 2003
Annual Report on Form 10-K of Republic First Bancorp, Inc.


/s/ KPMG LLP

Philadelphia, Pennsylvania
March 24, 2004