Investing
Republic First Bancorp expects to file annual report after deadline
© Reuters. FILE PHOTO: A person walks past the First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar
(Reuters) – Republic First Bancorp (NASDAQ:) Inc 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.
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