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FDIC sought buyers for Republic first before investor deal • BusinessMirror - Vimarsana News

FDIC sought buyers for Republic first before investor deal • BusinessMirror

THE Federal Deposit Insurance Corp. (FDIC) was seeking buyers for Philadelphia regional bank Republic First Bancorp last week before it struck a deal to raise capital, according to people familiar with the matter. The FDIC had sought bids for the bank on Oct. 23, but told potential buyers two days later that it would delay

Philadelphia Lender Nears Rescue Deal After Stock Plummeted - Vimarsana News

Philadelphia Lender Nears Rescue Deal After Stock Plummeted

Republic First, which has about $6 billion in assets, operates branches in Pennsylvania, New Jersey and New York. (Breanna Denney/The Wall Street Journal) A…

Source: biztoc.com
Investor group to infuse $35 million in troubled Republic First Bancorp - Vimarsana News

Investor group to infuse $35 million in troubled Republic First Bancorp

Investor group Norcross Braca has agreed to pump $35 million into troubled lender Republic First Bancorp, the companies said on Friday. ...

Republic Bancorp and Norcross Braca Group Announce $35 Million Investment - Vimarsana News

Republic Bancorp and Norcross Braca Group Announce $35 Million Investment

Investment Will Improve Capital Ratios and Result in Reconstitution of Republic Board, with Appointment of Philip A. Norcross as Chair as well as ...

Philadelphia Lender Nears Rescue Deal After Stock Plummeted - Vimarsana News

Philadelphia Lender Nears Rescue Deal After Stock Plummeted

Investor group to shore up Republic First Bancorp, in sign of continued stress in regional banking

Source: wsj.com