Exhibit 99.1

Company Release – 8/14/14

First Priority Financial Corp. Reports Second Quarter, 2014 Results.

MALVERN, Pa., August 14, 2014 – First Priority Financial Corp. (“First Priority” or the “Company”), parent of First Priority Bank, today reported financial results for the three and six months ended June 30, 2014.

For the three months ended June 30, 2014, First Priority reported consolidated net income of $597 thousand compared to $55 thousand for the second quarter of 2013. Net income to common shareholders, after preferred dividends and net warrant amortization totaling $121 thousand, was $476 thousand for the three months ended June 30, 2014, or $0.07 per basic and diluted common share. For the three months ended June 30, 2013, the net loss to common shareholders was $78 thousand, or $0.01 per basic and diluted common share after preferred dividends and net warrant amortization totaling $133 thousand. The results for 2013 included $413 thousand of merger related costs resulting from the merger with Affinity Bancorp, Inc. completed on February 28, 2013.

For the first six months of 2014, First Priority reported consolidated net income of $1.20 million compared to a net loss of $593 thousand for the same period of 2013, which included $1.21 million of merger related costs. Net income to common shareholders, after preferred dividends and net warrant amortization totaling $248 thousand, was $950 thousand for the six months ended June 30, 2014, or $0.15 per basic and diluted common share, compared to a net loss to common shareholders of $859 thousand, or $0.16 per basic and diluted common share for the six months ended June 30, 2013, after preferred dividends and net warrant amortization totaling $266 thousand.

David E. Sparks, Chairman and CEO, commented: “In the current quarter, we continued to report a more consistent level of financial results which reflect the positive impact of the merger with Affinity Bancorp and, in particular, the benefits achieved through synergies and cost saves between the two companies.” Sparks continued: “Excluding merger related costs, we have achieved 12 consecutive quarters of positive operating results which were elevated to a higher level beginning in the fourth quarter of 2013 upon completion of our merger integration. In addition, our net interest margin has remained strong and the underlying credit quality of our loan portfolio continues to improve as reflected in the lower non-performing loans and non-performing assets ratios which have both declined below one percent, to 0.96% of total loans and 0.97% of total assets, respectively, as of June 30, 2014.”

Operating Results Highlights:

For the six months ended June 30, 2014, total revenues were $8.19 million, an increase of $1.16 million, or 16.5%, from $7.03 million in the first six months of 2013. Net interest income increased 14.9%, or $1.01 million, to $7.76 million compared to $6.75 million when comparing these same periods and non-interest income increased $157 thousand from $278 thousand in 2013 to $435 thousand in the current year. Average interest earning assets for the first six months of 2014 increased $54.8 million, or 15.3%, including increases in average loans of $36.6 million, or 12.1%, and average investment balances of $21.8 million, or 50.7%, when compared to the prior year. The change in average balances when comparing the first six months of 2014 to 2013 was impacted by the acquisition of Affinity Bank effective February 28, 2013. Net interest margin remained relatively flat at 3.80% for the first six months of 2014 compared to 3.81% for the same period in 2013.

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For the six months ended June 30, 2014, the provision for loan losses increased $20 thousand from $340 thousand in 2013 to $360 thousand in the current year.

For the six months ended June 30, 2014, non-interest expenses were $6.62 million in 2014, a decrease of $665 thousand, or 9.1% from $7.28 million the same period in 2013. Excluding merger related costs totaling $1.21 million recorded in 2013, operating expenses increased $545 thousand between the periods. Of this increase, approximately $275 thousand in incremental salaries and benefits and $141 thousand in occupancy costs are related to the additional staffing and branch offices resulting from the merger with Affinity with combined results beginning March 2013.

Balance Sheet and Capital Highlights:

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Asset Quality Highlights:

About First Priority

First Priority Financial Corp. is a bank holding company, which along with its bank subsidiary, First Priority Bank, is headquartered in Malvern, Pennsylvania. First Priority Bank, with $456.9 million in assets, was chartered in November, 2005 and opened for business to the public in January, 2006 as a full service commercial bank providing personal and business lending, deposit products and wealth management services through its ten offices in Berks, Bucks, Chester and Montgomery Counties, Pennsylvania. The common stock of First Priority Financial Corp. is not currently traded on the open market. First Priority’s website can be accessed at http://www.fpbk.com.

This release contains forward-looking statements, which can be identified by reference to a future period or periods or by the use of words such as “would be,” “will,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “plan,” “seek,” “expect,” and similar expressions or the negative thereof. These forward-looking statements include: statements of goals, intentions and expectations; statements regarding prospects and business strategy; statements regarding asset quality and market risk; and estimates of future costs, benefits and results. These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following: (1) general economic conditions, (2) competitive pressures among financial services companies, (3) changes in interest rates, (4) deposit flows, (5) loan demand, (6) changes in legislation or regulation, (7) changes in accounting principles, policies and guidelines, (8) litigation liabilities, including costs, expenses, settlements and judgments and (9) other economic, competitive, governmental, regulatory and technological factors affecting the Company’s operations, pricing, products and services. Because of these and other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements. We have no obligation to update or revise any forward-looking statements to reflect any changed assumptions, unanticipated events or any changes in the future.

The Company cautions that the foregoing list of important factors is not exclusive. Readers are also cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company to reflect events or circumstances occurring after the date of this press release.

For a discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review our filings with the Securities and Exchange Commission (“SEC”), including our most recent annual report on Form 10-K, as supplemented by our quarterly or other reports subsequently filed with the SEC.

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First Priority Financial Corp.

Condensed Consolidated Statements of Operations

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First Priority Financial Corp.

Condensed Consolidated Balance Sheets

Unaudited (In thousands)

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First Priority Financial Corp.

Selected Financial Data

(Unaudited, in thousands, except per share data)

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