EXHIBIT 10.1 [REPUBLIC FIRST BANCORP, INC. LETTERHEAD] April 27, 2005 Harry D. Madonna Republic First Bancorp, Inc. 1608 Walnut Street, Suite 1000 Philadelphia, PA 19103 Dear Mr. Madonna: As approved by the Company's Compensation Committee, your...Employment Agreement • April 27th, 2005 • Republic First Bancorp Inc • State commercial banks
As approved by the Company's Compensation Committee, your signature on this letter will confirm our agreement to amend your Employment Agreement dated January 1, 2005 to increase the first year's annual base salary to $300,000 effective May 1, 2005.
