Exhibit 99.1

Company Release — 11/18/14

First Priority Financial Corp. Reports Third Quarter, Nine Months 2014 Results.

MALVERN, Pa., November 18, 2014 — First Priority Financial Corp. (“First Priority” or the “Company”), parent of First Priority Bank, today reported financial results for the three and nine months ended September 30, 2014.

For the three months ended September 30, 2014, First Priority reported consolidated net income of $5.32 million compared to $87 thousand for the third quarter of 2013. Net income to common shareholders, after preferred dividends and net warrant amortization totaling $166 thousand, was $5.16 million for the three months ended September 30, 2014, or $0.80 per basic and diluted common share. During the third quarter of 2014, the Company determined that the valuation allowance previously recorded related to net deferred tax assets is no longer necessary which resulted in the recording of an income tax benefit of $4.71 million in the current quarter.

The reversal of the valuation allowance on net deferred tax assets was based on management’s judgment that it is more likely than not that the net deferred tax asset will be realized by the Company in the future. First Priority has reported positive cumulative pre-tax earnings over the prior 3 year period ended September 30, 2014 totaling $3.1 million, and exclusive of non-recurring merger related costs, which are not reflective of ongoing operations of the Company, pre-tax earnings of $5.1 million over this same period. Furthermore, excluding merger related costs, First Priority recorded a profit in each of the prior thirteen quarters. These historical results in conjunction with management’s expectations of future projected taxable income constitute the positive evidence required to reverse the valuation allowance on net deferred tax assets.

For the three months ended September 30, 2013, the net loss to common shareholders was $46 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 $324 thousand of merger related costs resulting from the merger with Affinity Bancorp, Inc. completed on February 28, 2013.

For the first nine months of 2014, First Priority reported consolidated net income of $6.52 million compared to a net loss of $506 thousand for the same period of 2013, which included $1.53 million of merger related costs. Net income to common shareholders, after preferred dividends and net warrant amortization totaling $414 thousand, was $6.11 million for the nine months ended September 30, 2014, or $0.95 per basic and diluted common share, compared to a net loss to common shareholders of $905 thousand, or $0.16 per basic and diluted common share for the nine months ended September 30, 2013, after preferred dividends and net warrant amortization totaling $399 thousand.

David E. Sparks, Chairman and CEO, commented: “We continue to report a consistent quarterly level of core operating results as exhibited by pre-tax earnings of $608 thousand in the current quarter, and $2.6 million for the last twelve months ended September 30, 2014. These results reflect the positive impact of post consolidation results beginning in the fourth quarter of 2013, upon completion of merger integration related to Affinity Bancorp, and the benefits achieved through combining the two companies. Additionally, net interest margin and credit quality have remained strong throughout the current quarter.”

Operating Results Highlights:

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For the nine months ended September 30, 2014, the provision for loan losses increased slightly from $570 thousand in 2013 to $572 thousand in the current year.

For the nine months ended September 30, 2014, non-interest expenses were $10.06 million in 2014, a decrease of $973 thousand, or 8.8% from $11.03 million the same period in 2013. Excluding merger related costs totaling $1.53 million recorded in 2013, operating expenses increased $561 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 $474.8 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.

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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

(Unaudited, in thousands, except per share data)

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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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