Republic First Bancorp expects to file annual report after deadline (updated)

Republic First Bancorp

24/03/2023 21:04

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       March 24 (Reuters) - Republic First Bancorp Inc  FRBK.O 
said on Friday it expects to file its annual report with the
U.S. Securities and Exchange Commission by May 1, much later
than the March 30 deadline.
    The Philadelphia-based lender did not give a reason for the
delay.
    The disclosure comes two weeks after the bank said it was
raising $125 million from certain investors, including
alternative asset management firm Castle Creek Capital.
    Republic First's shares have lost more than 40% so far this
month as bank stocks globally were whipsawed by a crisis that
has wiped out two mid-size lenders in the United States.

 (Reporting by Niket Nishant in Bengaluru; Editing by Shounak
Dasgupta)
 ((Niket.Nishant@thomsonreuters.com))