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An investor group is aiming to shore up Republic First Bancorp, a Philadelphia regional bank, in a sign of continued stress in regional banking. The FDIC was seeking buyers for Republic First Bancorp last week before it struck a deal to raise capital. The FDIC has since suspended the bank's auction process. Additionally, the FDIC is reportedly investigating former directors and officers of First Republic Bank.
Exclusive: US FDIC is probing former First Republic Bank directors and officers https://t.co/KH8CAsNUJk https://t.co/GaQLlZITlO
FDIC suspends Republic First Bancorp's auction process - Bloomberg News https://t.co/5nivEfue3g
Exclusive: US FDIC is probing former First Republic Bank directors and officers https://t.co/o2M3sAvQn5 https://t.co/Xz9pxEg7Rp
FDIC suspends Republic First Bancorp's auction process - Bloomberg News https://t.co/E98FTtv3ym https://t.co/Gs2wbie6qa
The FDIC was seeking buyers for Philadelphia regional bank Republic First Bancorp last week before it struck a deal to raise capital https://t.co/z8QRgjyRJj
An investor group is aiming to shore up Republic First Bancorp, in a sign of continued stress in regional banking https://t.co/oOqh0LepHK