Connect with us

Hi, what are you looking for?

Uncategorized

Republic First Bancorp to go slow on fundraise, says it has ‘adequate’ capital

© Reuters.

(Reuters) -Republic First Bancorp (NASDAQ:) said on Monday it had “adequate” capital and would wait for market conditions to stabilize before rounding out the $125-million fundraise it had announced in March.

The lender is seeking more “acceptable” terms for the capital raise and also looking for more participants after securing the backing of alternative asset management firm Castle Creek Capital and investment firm Cohen Private Ventures.

Shares of Republic First were up 9% at $1.09 as of 11:39 am EST (15:39 GMT).

“Protecting Republic’s valued shareholders from excessive and unnecessary dilution is very important to us,” Chief Executive Officer Thomas Geisel said in a statement.

The bank had earlier this month said it was cutting jobs in its commercial lending unit with an aim to exit its mortgage origination business as it sharpens focus on its core products.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Content Przepis Promocji w całej Lemon Casino – SMS Bill Casino Ekskluzywne bonusy wyjąwszy depozytu Swoje doświadczenie wraz z rozrywki pochodzące z bonusem 50...

Uncategorized

Content Welches Online-Spielautomaten werden Halloween benannt – all slots Casino Baron Lord of Saturday (Play’n GO) CASINO-Daten Andere wieder sie sind froh gelaunt und...

Uncategorized

Content ¿Cómo hace el trabajo una calificación dentro del Despoblado? ¿Lo que clases sobre juegos sobre casino referente a listo ofrece Betsson? Casinos con...

Uncategorized

Content Puoi provarli – Cosicché Designare un Bisca Non AAMS? Migliori giochi di Strategia verso Android Febbraio 2025 Cambiamento Slot Machine Ti abbiamo ulteriormente...