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REPUBLIC FIRST BANCORP - FRBK STOCK NEWS

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Republic First Bancorp, Inc. (OTCEM: FRBK), operating under the name Republic Bank, is a full-service, state-chartered commercial bank committed to delivering exceptional banking services. Headquartered in Philadelphia, Republic Bank stands out with a unique blend of innovation, customer-centric approach, and a distinctive brand that marries the conveniences of big banks with a personal, small-town feel.

Founded with a mission to prioritize customer satisfaction, Republic Bank caters to individuals, families, and businesses through 33 offices spread across New Jersey, Pennsylvania, and New York. Their services are designed to offer unmatched convenience, including features like open 7 days a week, absolutely free personal checking, free coin counting, and instant ATM/debit card issuance. Additionally, customers enjoy fee-free ATM access through the Allpoint network, and versatile banking options whether in-store, online, by phone, or mobile.

Recent strategic moves have marked significant milestones for Republic Bank. The institution announced a $35 million investment by the Norcross Braca Group as part of a larger $75 million capital raise. This investment aims at fortifying the bank's balance sheet and enhancing operational efficiencies. The reconstitution of the Board of Directors will see former TD Bank U.S. CEO Gregory B. Braca and other distinguished individuals joining, with Philip A. Norcross stepping in as the new Chairman. These changes are anticipated to usher in a new era of growth and enhanced shareholder value.

Republic Bank's financial strength is underscored by its diversified product offerings and a robust local decision-making process. The bank's dedication to 'fanatic customer service' ensures that every customer interaction exceeds expectations, further solidifying its reputation as one of the largest and most reliable banks based in Philadelphia.

For more information about Republic Bank and its wide array of services, visit myrepublicbank.com.

Rhea-AI Summary
Republic First Bancorp, Inc. (OTCEM: FRBK) provided an updated timeline for the closing of a $35 million capital investment by the Norcross Braca Group. The investment has been extended to February 29, 2024, with a special meeting of stockholders scheduled for February 16, 2024. The Norcross Braca Group has deposited $35 million into an escrow account, awaiting closing conditions. The 2022 annual meeting has been postponed to align with the timing of the transaction close.
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Republic First Bancorp, Inc. announces a $35 million investment by the Norcross Braca Group, leading to the reconstitution of the board and the appointment of Philip A. Norcross as Chair. The investment will strengthen the company's balance sheet and improve operations.
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Norcross Braca Group to invest at least $35M as part of $75M capital raise, gaining membership on reconstituted board. Capital raise will strengthen Republic's financial position and improve operations. Positive for stock price.
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Republic Bank launches food drive initiative in collaboration with the Food Bank of South Jersey to address food insecurity in the community.
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Republic First Bancorp, Inc. announces that its common stock will no longer be listed on Nasdaq due to delayed financial filings. The stock will promptly begin trading on the OTC marketplace. The company's new management team is working to complete and file all delayed reports. They remain focused on implementing the strategic plan and may apply to list on a major exchange in the future.
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Republic First Bancorp, Inc. announced that it did not timely file its Form 10-Q for the three months ended June 30, 2023 with the SEC, resulting in a deficiency in meeting Nasdaq Listing Rule 5250(c)(1). The Nasdaq Hearings Panel will consider this deficiency in its review of the company's continued listing. The company plans to present its plan to file the Form 10-Q and demonstrate compliance with the Filing Requirement.
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Republic First Bancorp, Inc. (NASDAQ: FRBK) announces the termination of a $125 million capital raise agreement due to challenging market conditions. The company also releases a detailed presentation outlining strategic initiatives and significant opportunities.
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Republic First Bancorp, Inc. announces a 3-year grant to Margate Terrace Senior Living Apartment Building in collaboration with Senior Secure. The grant aims to enhance the quality of life for low-to-moderate income seniors by expanding safety measures, social engagement activities, and health and wellness initiatives. Republic Bank is committed to supporting the well-being of the senior community.
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FAQ

What is the current stock price of REPUBLIC FIRST BANCORP (FRBK)?

The current stock price of REPUBLIC FIRST BANCORP (FRBK) is $0.0059 as of May 31, 2024.

What is the market cap of REPUBLIC FIRST BANCORP (FRBK)?

The market cap of REPUBLIC FIRST BANCORP (FRBK) is approximately 739.3K.

What is Republic First Bancorp?

Republic First Bancorp, operating as Republic Bank, is a full-service, state-chartered commercial bank offering innovative financial services with a customer-centric approach.

Where is Republic Bank headquartered?

Republic Bank is headquartered in Philadelphia, Pennsylvania.

What recent investments have been made in Republic Bank?

The Norcross Braca Group recently invested $35 million as part of a $75 million capital raise, with the board being reconstituted to include Gregory B. Braca and other leaders.

What unique services does Republic Bank offer?

Republic Bank offers unique services such as being open 7 days a week, absolutely free personal checking, free coin counting, instant ATM/debit cards, and fee-free ATM access through the Allpoint network.

How many offices does Republic Bank have?

Republic Bank operates 33 offices across New Jersey, Pennsylvania, and New York.

What is the focus of Republic Bank's customer service?

Republic Bank focuses on providing fanatic customer service with a commitment to convenience and a personalized banking experience.

Is Republic Bank FDIC insured?

Yes, Republic Bank's deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation (FDIC).

How can customers access Republic Bank's services?

Customers can access services in-store, online, by phone, or via mobile banking.

Who is the current CEO of Republic Bank?

Thomas X. Geisel is the current President and Chief Executive Officer of Republic Bank.

Where can I find more information about Republic Bank?

More information about Republic Bank can be found on their website at myrepublicbank.com.

REPUBLIC FIRST BANCORP

OTC:FRBK

FRBK Rankings

FRBK Stock Data

739.32k
51.62M
26.74%
1.09%
0.74%
Banks - Regional
Financial Services
Link
United States of America
Philadelphia