Directors clash over future course of Republic Bank parent company
Four directors of Republic Bank's parent firm urge fellow board members 'not to pursue self-dealing transactions'
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Four directors of Republic Bank's parent firm urge fellow board members 'not to pursue self-dealing transactions'
One group seeks a change in leadership, the other a sale of the Philadelphia community bank, which is led by Vernon Hill. Both are ratcheting up their campaigns against the board.
PHILADELPHIA, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the...
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Driver Management says CEO Vernon Hill’s aggressive deposit-gathering strategy is not paying off for shareholders and wants the company to merge with a bank that would deploy the deposits into higher-yielding loans.