<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>8
<FILENAME>ex21-1.txt
<DESCRIPTION>EXHIBIT 21.1
<TEXT>


                                                                   Exhibit 21.1


                           SUBSIDIARIES OF THE COMPANY

Republic  First  Bank (the "PA  Bank"),  a  wholly-owned  subsidiary,  commenced
operations  on  November 3, 1988.  The PA Bank is a  commercial  bank  chartered
pursuant to the laws of the Commonwealth of Pennsylvania.

First Bank of Delaware  ("DE  Bank") is also a  wholly-owned  subsidiary  of the
Company and commenced  operations June 1, 1999. The DE Bank is a commercial bank
chartered pursuant to the laws of the State of Delaware.

The PA Bank and the DE Bank are primarily regulated by the FDIC.

The DE Bank was spun off on January 31, 2005.


                                                   REPUBLIC FIRST BANCORP | 105
</TEXT>
</DOCUMENT>