Last week, Republic First Bancorp Inc. concluded a tumultuous chapter by reaching a settlement in a sexual harassment lawsuit filed by a former employee. The case was dismissed with prejudice by the U.S. District Court for the Eastern District of Pennsylvania following this agreement.
The lawsuit was brought by Jasmine Zuber, a former universal banker at Republic First, who alleged that she was wrongfully terminated due to a fabricated claim of a cash-drawer imbalance. According to Zuber, the true reason for her termination was retaliation for reporting sexual harassment by her supervisor.
Zuber and her supervisor, Hall, had initially engaged in a consensual sexual encounter at work. However, the situation deteriorated when Hall repeatedly sought further sexual interaction, leading to confrontational incidents. After receiving a text message from Zuber urging Hall to transfer or face repercussions from HR, branch manager Leitz and HR Director Zangrilli intervened. Although they assigned different shifts to Zuber and Hall after their discussions, Zuber’s position was soon jeopardized when her teller drawer was allegedly found to contain an overage of $1,000.
As events unfolded, the Bank relieved both Zuber and Hall of their duties, citing the cash-drawer discrepancy for Zuber and a violation of the Bank’s fraternization policy for Hall.
Sadly, the sexual harassment lawsuit was not the only challenge Republic First faced. In February 2024, the Pennsylvania Department of Banking and Securities seized the Bank amid rumors of a potential buyer. This occurred after the Bank was delisted from Nasdaq for failing to provide its fiscal year 2022 report, further damaging its credibility.
In its efforts to explain the absence of the report, the Bank blamed the shortcomings of its former executive team, which had failed to maintain adequate internal controls. Alarmingly, the Bank’s auditors had previously warned of “material weaknesses in internal control over financial reporting.”
Fulton Bank subsequently took over the operations of Republic First’s 32 branches across Pennsylvania, New York, and New Jersey, promising to revitalize them under the Fulton Bank brand. The seizure of Republic First marked the fourth such case since 2023, sending a strong message about the dangers of inadequate internal controls and unethical workplace practices.
If you or someone you know has faced harassment at the workplace, know that there are paths to take. Contact an experienced employment attorney and hold corporations accountable for creating safe and fair work environments. Speaking up about harassment isn’t just about personal justice—it’s about ensuring that nobody else has to endure the same abuse.