Republic First Bancorp

Republic First Bancorp, Inc. is a bank holding company, which engages in the provision of a variety of credit and depository banking services through its subsidiary. It offers checking, savings, cash management, commercial, small business administration, and commercial real estate loans, mortgages, credit, debit, and gift cards, online and mobile banking, merchant services, and mobile deposit services. The company was founded on November 16, 1987 and is headquartered in Philadelphia, PA.

Earnings data Q4 2019

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Republic First Bancorp, Inc. is a bank holding company, which engages in the provision of a variety of credit and depository banking services through its subsidiary. The company was founded on November 16, 1987, and is headquartered in Philadelphia, PA.

The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after a string of regional banks collapsed early last year.

Republic First seizure signals more bank failures to come, expert warns

Fulton Financial

Fulton Financial Corp shares staged an 8.5% rally on Monday after taking control of deposits and assets formerly belonging to regional bank Republic First. US regulators on Friday seized Republic First's $10 billion worth of deposits and assets and FDIC was appointed as its receiver following a prolonged liquidity crunch.

Fulton Financial reaps rewards of Republic First takeover

Fulton Financial Corp.'s stock rallied Monday on plans by the bank to acquire Republic First Bank from the Federal Deposit Insurance Corp. in the year's first bank liquidation.

Fulton Financial rallies on plan to buy Republic First Bank — the first U.S. bank failure of 2024

First Bank

Fulton Financial's shares jumped on Monday after it bought the deposits and assets of Republic First from the Federal Deposit Insurance Corporation, in what is the first U.S. bank failure of 2024.

Fulton Financial jumps after buying failed Republic First Bank's deposits, assets

Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank — and its assets, the Federal Deposit Insurance Corp. (FDIC) announced late Friday (April 26).

Republic First Sold to Fulton in Latest Regional Bank Failure

Republic First Bancorp was seized by Pennsylvania regulators Friday, following a failed deal earlier this year to infuse the Philadelphia-based regional bank with new funds, amid a decline in deposits and a struggling mortgage lending business.

Here's What Led To Republic First's Collapse—And Why It's Different From 2023 Failures

Fulton Financial will assume the assets and deposits of Republic First Bank, which was seized Friday by Pennsylvania regulators. Fulton stock jumped.

Republic First Bank Seized, Sold To Fulton Financial

The regional lender, which operated as Republic Bank, was reeling with higher costs and inability to improve profitability that prompted it to cut jobs and exit its mortgage origination business in early 2023.

Philly lender Republic First Bancorp seized by feds in latest regional bank collapse

U.S. regulators are set to seize Republic First Bancorp and are nearing a deal to sell it to another lender, the Wall Street Journal reported on Friday, citing people familiar with the matter.

US regulators set to seize Republic First Bancorp, WSJ reports

The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank.

Report: FDIC Seeking Buyers for Republic First Bancorp

PHILADELPHIA, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (OTCEM: FRBK) (“Republic” or the “Company”), the parent company of Republic First Bank d/b/a Republic Bank, and George E. Norcross, III, Gregory B. Braca, Philip A. Norcross, Lexie Norcross, and other Norcross family members and affiliates (collectively, the “Norcross Braca Group”), today provided an updated timeline for the closing of the Norcross Braca Group's previously announced $35 million capital investment in the Company.

Republic First Bancorp and Norcross Braca Group Provide Update on Closing of $35 Million Capital Investment

Republic First Bancorp.'s stock was up by 194% to 15 cents a share on Thursday after it filed an agreement for a $35 million private placement by Norcross Braca Group, an activist investor in the microcap bank.

Republic First Bancorp's stock rockets as it seals $35M investment and FDIC calls off auction

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

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

Investment Will Improve Capital Ratios and Result in Reconstitution of Republic Board, with Appointment of Philip A. Norcross as Chair as well as Gregory B. Braca and Two New Independent Directors

Republic Bancorp and Norcross Braca Group Announce $35 Million Investment

Norcross Braca Group Will Invest at Least $35 Million as Part of a $75 Million Capital Raise and Will Gain Membership on Reconstituted Board Norcross Braca Group Will Invest at Least $35 Million as Part of a $75 Million Capital Raise and Will Gain Membership on Reconstituted Board

Republic Bank and Norcross Braca Group Announce Signing of Letter of Intent

PHILADELPHIA, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Republic First Bank d/b/a Republic Bank (the "Bank"), is excited to announce the launch of its food drive initiative in collaboration with the Food Bank of South Jersey. Starting on Friday, September 1st, and continuing throughout September for Hunger Action Month, the campaign aims to address food insecurity in the community.

Republic Bank Launches Food Drive in Partnership With the Food Bank of South Jersey

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U.S. banks and regional banks fell across the board on Tuesday, after S&P Global Ratings downgraded five smaller players after a review of risk related to funding, liquidity and asset quality with a focus on office commercial real estate.

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Shares of Republic First Bancorp plummeted close to 50% in Tuesday premarket trading after it told investors that it will be delisted on Wednesday. In a statement, the Philadelphia-based parent of Republic First Bank, dba Republic Bank, said it was notified by the Nasdaq's Listing Qualifications Department that it will no longer be listed on the exchange because of its failure to file its 2022 Form 10-K annual report with the Securities and Exchange Commission.

Republic First Bancorp stock slumps as it loses its Nasdaq listing

Republic First Bancorp. Inc.'s stock FRBK, +11.11% tanked 29% in premarket trade Tuesday, after it said Nasdaq has informed it its stock will be delisted on Wednesday, after the company failed to file its annual report in time.

Republic First Bancorp.'s stock tanks 29% premarket after it says it will be delisted on Wednesday

PHILADELPHIA, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the holding company for Republic First Bank d/b/a Republic Bank, announced that, as anticipated, on August 11, 2023, The Nasdaq Stock Market LLC (“Nasdaq”) notified the Company that because the Company's Form 10-Q for the three months ended June 30, 2023 (the “Form 10-Q”) was not timely filed with the Securities and Exchange Commission (the “SEC”), the Company did not satisfy Nasdaq Listing Rule 5250(c)(1) (the “Filing Requirement”) and that the Nasdaq Hearings Panel (the “Panel”) would consider the additional deficiency in its deliberations regarding the Company's continued listing. The Company intends to present its plan to file the Form 10-Q with the SEC and thereby evidence full compliance with the Filing Requirement for the Panel's review.

Republic First Bancorp, Inc. Receives Compliance Notice and New Notice of Non-Compliance from Nasdaq

PHILADELPHIA, July 19, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (“Republic” or the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the “Bank”), today announced the appointment of Linda Sanchez as Executive Vice President and Chief People Officer (“CPO”), effective July 17, 2023. Ms. Sanchez brings more than 25 years of experience in human resources, administration, and operations across the financial and professional services sectors. She will report directly to Thomas X. Geisel, President and CEO.

Republic Bank Further Enhances Senior Leadership Team with Appointment of Linda Sanchez as Executive Vice President and Chief People Officer

Company Announces that Republic and Affiliates of Castle Creek Capital and Cohen Private Ventures Have Agreed to Mutually Terminate Previously Announced Capital Raise

Republic First Bancorp, Inc. Chairman Andrew Cohen and CEO Thomas Geisel Send Letter to Shareholders Outlining Progress on Strategy to Transform Company, Increase Profitability and Drive Long-Term Value

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PHILADELPHIA, July 05, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company Republic First Bank d/b/a Republic Bank (the “Bank”) is proud to announce a significant donation from the Bank in the form of a 3-year grant to Margate Terrace Senior Living Apartment Building. This initiative is part of Republic Bank's dedication to the Community Reinvestment Act (CRA) and is being executed in collaboration with Senior Secure, an effort focused on providing protection against elder abuse and enhancing the quality of life for seniors.

Republic Bank Announces 3-Year Community Reinvesetment Grant Donation to Margate Terrace Senior Living in Partnership with Senior Secure

Shareholders Will Have Opportunity to Vote on Three Directors for the Company's Expanded Eight-Person Board Shareholders Will Have Opportunity to Vote on Three Directors for the Company's Expanded Eight-Person Board

News for Republic First Bancorp Stock (FRBK)