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REPUBLIC FIRST BANCORP - FRBK STOCK NEWS

Welcome to our dedicated page for REPUBLIC FIRST BANCORP news (Ticker: FRBK), a resource for investors and traders seeking the latest updates and insights on REPUBLIC FIRST BANCORP stock.

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.

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Rhea-AI Summary
Republic First Bancorp reports financial results for Q1 2023, with a loss of $9.7 million. Deposit balances declined, but the number of deposit relationships increased. Cash and equivalents grew by 211.7% to $153.2 million. Available liquidity totaled $1.4 billion. The fair value of the investment portfolio improved by $43.9 million.
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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

Nasdaq: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