Brief: Republic First Bancorp Inc Announces Business Updates To Advance Strategy Of Focusing On Core Services And Markets

Republic First Bancorp

05/05/2023 13:36

May 5 (Reuters) - Republic First Bancorp Inc  FRBK.O :
    * REPUBLIC FIRST BANCORP, INC. ANNOUNCES BUSINESS UPDATES TO
ADVANCE STRATEGY OF FOCUSING ON CORE SERVICES AND MARKETS
    * REPUBLIC FIRST BANCORP INC - WILL EXIT ITS LEGACY MORTGAGE
ORIGINATION BUSINESS
    * REPUBLIC FIRST BANCORP INC - TO STREAMLINE ITS COMMERCIAL
LENDING BUSINESS IN NEW YORK CITY
    * REPUBLIC FIRST BANCORP INC - MADE COMMENSURATE REDUCTIONS
IN
FORCE IN ITS NEW YORK LENDING AND CREDIT TEAMS
    * REPUBLIC FIRST BANCORP - HIGH-COST NATURE OF JUMBO
MORTGAGE
ORIGINATION PLATFORM NO LONGER CONSISTENT WITH CO'S STRATEGY FOR
ENHANCING PROFITABILITY

Source text for Eikon:  ID:nGNX3CpGBS 
Further company coverage:  FRBK.O