Independent Auditors' Consent
                         -----------------------------

The Board of Directors
Republic First Bancorp, Inc.:

We consent to the incorporation by reference in the registration  statement (No.
333-60265) on Form S-8 of Republic  First Bancorp,  Inc. (the  "Company") of our
report dated  January 22, 2002,  relating to the  consolidated  balance sheet of
Republic First Bancorp,  Inc. and  subsidiaries as of December 31, 2001, and the
related consolidated  statements of income, changes in shareholders' equity, and
cash flows for each of the years in the two-year period ended December 31, 2001,
which  report  appears in the  December  31,  2001 Form 10-K of  Republic  First
Bancorp, Inc.



/s/ KPMG LLP


Philadelphia, Pennsylvania
March 7, 2003