Exhibit 99.1

Company Release – 4/21/15

First Priority Financial Corp. Reports First Quarter 2015 Results.

MALVERN, Pa., April 21, 2015 – First Priority Financial Corp. (“First Priority” or the “Company”), parent of First Priority Bank, today reported financial results for the first quarter, 2015.

For the three months ended March 31, 2015, First Priority reported consolidated income before income taxes of $622 thousand compared to $610 thousand for the first quarter of 2014 and $601 thousand for the quarter ended December 31, 2014. Net income for the three months ended March 31, 2015 totaled $417 thousand, or $0.04 per basic and diluted common share after preferred dividends totaling $166 thousand. Comparatively, net income totaled $601 thousand in the first quarter of 2014, or $0.07 per basic and diluted common share, after preferred dividends and net warrant amortization totaling $127 thousand. At that time, the Company had not recorded its net deferred tax assets (“DTA”) through the reversal of the valuation allowance against the net DTA and accordingly, reported results did not include the impact of current income tax expense as a component of operating earnings.

David E. Sparks, Chairman and CEO, commented: “First Priority continued to report a consistent quarterly level of core operating results which has resulted in the sixth consecutive quarter of pre-tax earnings in excess of $600 thousand. This performance reflects the strength of our Company which is operating in a highly competitive banking environment.” Sparks continued: “Additionally, public trading of our stock was initiated in the first quarter on the OTCQX marketplace which will provide liquidity to current shareholders and broaden the ownership opportunity to new potential investors. We continue to believe that we are well positioned in this environment to take advantage of opportunities which may arise and to improve our operating performance”

Operating Results Highlights:

1

Balance Sheet and Capital Highlights:

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 $471 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. Effective March 12, 2015, the common stock of First Priority Financial Corp. began trading on the OTCQX marketplace, under the symbol FPBK. First Priority’s website can be accessed at http://www.fpbk.com.

2

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.

3

First Priority Financial Corp.

Condensed Consolidated Statements of Operations

(Unaudited, in thousands, except per share data)

4

First Priority Financial Corp.

Condensed Consolidated Balance Sheets

(Unaudited, in thousands)

5

First Priority Financial Corp.

Selected Financial Data

(Unaudited, in thousands, except per share data)

# # #

6