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At the embattled Republic First Bancorp, elevated legal, professional and audit fees also contributed to a nearly $10 million in first-quarter loss but CEO Thomas Geisel reports signs of progress moving past "legacy headwinds."
Both banks with New York customer bases have issues, just not the same ones
A case of mistaken identity is sparking a sell-off in Republic First Bancorp Inc., which is down more than 40% this month because investors have it confused with embattled First Republic Bank.
Investors have been mistakenly dumping their stakes in Republic First Bancorp because they confused it with the troubled lender First Republic.