Advertisement
Canada markets closed

  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • Bitcoin CAD

    87,240.77
    +1,106.44 (+1.28%)
     

  • CMC Crypto 200

    1,322.32
    +45.34 (+3.55%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     

  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     

  • FTSE

    8,213.49
    +41.34 (+0.51%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Republic First Bancorp postpones shareholder meet as it reviews strategic options

Reuters
·1 min read

Sept 22 (Reuters) - Republic First Bancorp has postponed its 2022 annual shareholders meeting until Dec. 19 and said it continues to be in talks with parties, including Norcross-Braca Group, to assess potential strategic opportunities, according to a regulatory filing.

The postponement comes a month after the company saw its shares getting delisted from the Nasdaq after failing to file its 2022 annual report with the securities regulator.

A regulatory filing in late August by the Norcross-Braca group, led by activist investor George Norcross, said that Republic First was in talks with the group for an equity investment and a broader capital raise.

The Philadelphia-based regional lender has had a rough year, cutting jobs and exiting its mortgage origination business over higher costs and an inability to improve profitability. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Tasim Zahid)