Stay updated with breaking news from Greg Braca. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Court-appointed custodian Alfred Putnam is seeking an extension of nearly three weeks to give more groups time to nominate candidates for a vacant board seat at the Philadelphia bank and solicit proxies from investors before a special meeting.
Prominent Philadelphia appellate attorney Alfred Putnam is charged with convening a special shareholder meeting to fill a vacant seat on the board. CEO Vernon Hill is competing with a four-member faction of the board — and two separate groups of activist investors — for control of the bank.
Judge appoints a special custodian, Alfred Putnam of Faegre Drinker Biddle & Reath LLP, to temporarily assume control of Republic First Bank.
The death of a board member broke the stalemate over control of the company, but a federal judge prevented the board from naming a new chairman.
The death of a board member broke the stalemate over control of the company, but a federal judge prevented the board from naming a new chairman.