FDIC is approaching potential buyers of Republic First, Bloomberg News reports (updated)

Republic First Bancorp

24/04/2024 21:49

(Adds disclosure in paragraph 3)
       April 24 (Reuters) - The Federal Deposit Insurance Corp
(FDIC) is in talks with potential buyers for Republic First
Bancorp  FRBK.PK , Bloomberg News reported on Wednesday, citing
people with knowledge of the matter.
    It is a repeat of the effort last year after the
Philadelphia-based regional bank struck a deal with an investor
group that included George E. Norcross III, Gregory B. Braca and
Philip A. Norcross, the report said.
    FDIC and Republic First did not immediately respond to
Reuters' requests for comment.
    
    
    

 (Reporting by Pritam Biswas in Bengaluru; Editing by Shilpi
Majumdar)
 ((Pritam.Biswas@thomsonreuters.com;))