Updated Oct. 27, 2023 6:08 pm ET
A Philadelphia bank struggling to stay afloat agreed to a deal with an investor group aimed at shoring up its finances, a sign that smaller lenders are still under stress after a wave of failures shook the industry earlier this year.
Republic First Bancorp is set to receive a $35 million infusion from a group of existing investors led by George Norcross III, Philip Norcross and Gregory Braca, the bank said, confirming an earlier Wall Street Journal report. The bank is in talks to raise another $40 million to $65 million from additional investors.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
Thankfully, it’s over. That was the likely reaction of many U.S. citizens when the polls closed last...
CUTCHOGUE Some scallop history Last week’s story, “Scallop season off to a slow start,” confirmed...
On the morning of Nov. 5, a Southold resident reported that while she was placing Democratic political...
Richard H. Baker of Mattituck passed away at home Thursday, Nov. 14, 2024. He was 82. The family will...
SWAMPSCOTT — Swampscott’s football team is one game away from the Division 6 semifinals. To get...
NAHANT — The Nahant Woman’s Club of the North Shore is bringing back one of the area’s most popular...
Marblehead-Swampscott game flags Walker Family
St. John’s Prep overwhelms Methuen at home
Lynnfield, Marblehead football teams reach the end of the road
Police Logs 11-16-24 – Itemlive
Catalyst Housing offers supportive living
Lynn Tech’s Festival of Trees grows to 10
Nahant Lions Club takes aim at Turkey Shoot
Salem State staff rallies for teacher strikes
Saugus School Committee passes budget amendment
Kelli Francine Mealy – The Suffolk Times
‘Spamalot’ kicks off NFCT community theater season
Shribman: What’s to come for Trump 2.0