EXHIBIT 99.1


                       NON-EMPLOYEE DIRECTOR COMPENSATION

              Republic First Bancorp, Inc. and Republic First Bank

*           Board Retainer - $6,000 per quarter - no fees for attendance at
            meetings of Board.

*           Options to purchase 3,000 shares of stock of Republic First Bancorp,
            Inc. granted at each annual meeting.

*           All Committee Chairmen receive $750 and Members receive $500 per
            meeting.

*           Audit Committee Chairman receive $1,500 and Members receive $1,000
            per meeting.