Republic First is unaffiliated with the troubled lender, First Republic, which recently received a $30B lifeline.
Investors have been mistakenly dumping their stakes in Republic First Bancorp this month – all because they confused it with the troubled lender First Republic.
“Republic Bank is very different; we DO NOT lend to start-ups and are not involved in Crypto,” Geisel added. “We lend primarily to established businesses. We lend against collateral and cash flow, we lend to profitable companies that can service the debt, and we typically have personal guarantees.”received a $30 billion rescue lifeline
Nevertheless, Republic First’s stock plunged by as much as 28% on March 17, the day First Republic’s rescue was announced.Republic First Bancorp. is headquartered in Pennsylvania.Republic First’s client base consists primarily of businesses and retail customers, while First Republic built its troubled business on lending to wealthy individuals.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
First Republic Bank is not currently looking for a buyerFirst Republic Bank is no longer actively looking for a buyer as potential suitors are concerned about the losses they'll have to add to their books with no government backup.
Lire la suite »
Exclusive: Massachusetts regulator probes First Republic insiders' stock salesMassachusetts regulators have opened an investigation into sales of company stock by top executives at First Republic Bank in the weeks leading up to the recent banking turmoil.
Lire la suite »
Massachusetts regulator probes First Republic insiders' stock sales
Lire la suite »
This week's top S&P 500 stocks include First Republic and this casino ownerWall Street is barreling toward a winning week — and month — as it closes out a volatile first quarter to 2023.
Lire la suite »
PFD applications are due FridayThe state’s online PFD application will be available until 11:59 p.m. on Friday. Any applications submitted or postmarked after Friday will be denied.
Lire la suite »