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Re: 56Chevy post# 41

Friday, 11/10/2023 10:04:15 PM

Friday, November 10, 2023 10:04:15 PM

Post# of 48
FDIC suspends Republic First Bancorp's auction process

- Bloomberg News
Reuters

November 1, 20231:34 PM

Nov 1 (Reuters) - The Federal Deposit Insurance Corp (FDIC) has suspended an auction process for Republic First Bancorp (FRBK.PK), after the bank struck a deal with an investor group to raise money, Bloomberg News reported on Wednesday.

The FDIC notified potential buyers on Tuesday that the bank's capital-raising effort was the avenue it was focused on pursuing, the report added, citing people familiar with the matter.

[....]

Source:
https://www.reuters.com/business/fdic-suspends-republic-first-bancorps-auction-process-bloomberg-news-2023-11-01/

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