Ray M. Mincarelli, Jr. joins First Priority Bank as
President of Real Estate Finance

MALVERN, PA—July 17, 2008—First Priority Bank in Malvern, PA, has named Ray M. Mincarelli, Jr. as President of its Commercial Real Estate and Construction Lending Division and Senior Vice President of First Priority Bank. Mincarelli joins First Priority from DNB First, where he was a Senior Vice President and Director of Real Estate Finance, as well as a member of the credit policy committee.

Mincarelli brings to First Priority more than 35 years’ experience in banking and real estate finance portfolio management. He began his real estate finance lending career at Continental Bank and Continental Bancorp in Philadelphia, PA, joining the Executive Management and Commercial Credit Training Program in 1971 and remaining with the bank for 14 years. After Continental was sold to Midlantic Corp, he joined Keystone Financial in Harrisburg, PA, and managed their commercial real estate portfolio for approximately 13 years. 

An active participant in the Risk Management Association, a financial services association that promotes effective risk management practices across the entire financial services industry, Mincarelli has served on several Merger and Acquisition teams during his banking career. He is recognized by the real estate development community throughout the Delaware Valley for his expertise in real estate finance and has served on several national panels with the National Association Of Homebuilders (NAHB) in Washington, D.C.

“With the addition of Ray to our management team, First Priority is well positioned to grow its Real Estate Finance portfolio and pursue key strategic initiatives in the area of commercial real estate lending,” said David E. Sparks, Chairman and Chief Executive Officer of First Priority Bank. “His extensive knowledge of and experience in real estate finance will be a great asset to First Priority and our customers in the real estate and construction markets.”

Mincarelli is a member of the Board Of Trustees for the Endowment Fund at West Chester University, where he also chairs the Student Housing and Real Estate Development Committee and serves as a member of the Business Advisory Council of the School of Business and Public Affairs.

About First Priority Bank
First Priority Bank, a wholly owned subsidiary of First Priority Financial Corp., is a Pennsylvania state-chartered, FDIC insured, full service bank offering a broad range of personal and corporate banking products and services. First Priority Bank is headquartered in the Great Valley Corporate Center in Malvern, PA, with additional branches in Wyomissing, Newtown, and Pipersville, PA. At March 31, 2008, First Priority Bank had total assets of $155 million.  For more information, visit www.fpbk.com or call 610-280-7100.

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