POTENTIAL DEAL DETAILS
Stock | Republic First Bancorp, Inc. | Symbol | FRBK |
Date Announced | 09/15/2022 | Source | Press Release |
Type | Company Seeking Strategic Alternatives |
Republic First Bancorp (FRBK), the holding company for Republic First Bank d/b/a Republic Bank, announced that it is initiating a strategic review in light of inquiries by multiple parties expressing interest in one or more potential strategic transactions with the company.
Update(s):
February 6, 2023: Republic First Bancorp (FRBK) reiterated that activist investor George E. Norcross III, Avery Conner Capital Trust, and its trustees refuse to sign a standard non-disclosure agreement to participate in its strategic review process.
April 25, 2024: According to Bloomberg, the Federal Deposit Insurance Corp. (FDIC) is in talks with potential acquirers for Republic First Bancorp (FRBK).
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.