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Top related persons:
Philip Norcross - 3 Gregory Braca - 3 Breanna Denney - 2 George Norcross III - 2 Norcross Braca - 1 George Norcross - 1 Manya Saini - 1 Anil D'Silva - 1
Top related locs:
Pennsylvania , New Jersey New York Philadelphia Republic Bengaluru
Top related orgs:
Republic First Bancorp - 2 Bancorp - 1 Investor - 1 First Bancorp - 1 Nasdaq - 1 Thomson - 1

Search resuls for: "Gregory Braca"


3 mentions found


☆ Philadelphia Lender Nears Rescue Deal After Stock Plummeted
  + stars: | 2023-10-27 | by ( Gina Heeb | Lauren Thomas | Jonathan Weil | ) www.wsj.com   time to read: 1 min
Republic First, which has about $6 billion in assets, operates branches in Pennsylvania, New Jersey and New York. Photo: Breanna Denney/The Wall Street JournalA Philadelphia bank struggling to stay afloat is nearing a deal with an investor group aimed at shoring up its finances, a sign that smaller lenders are still under stress after a wave of failures shook the industry earlier this year. Republic First Bancorp is set to receive a $35 million infusion from a group of existing investors led by George Norcross III, Philip Norcross and Gregory Braca , according to people familiar with the matter. The bank is in talks to raise another $40 million to $65 million from additional investors.
Persons: Breanna Denney, George Norcross III, Philip Norcross, Gregory Braca Organizations: Republic First Bancorp Locations: Pennsylvania , New Jersey, New York, Philadelphia, Republic
☆ Philadelphia Lender Agrees to Rescue Deal After Stock Plummets
  + stars: | 2023-10-27 | by ( Gina Heeb | Lauren Thomas | Jonathan Weil | ) www.wsj.com   time to read: 1 min
Republic First, which has about $6 billion in assets, operates branches in Pennsylvania, New Jersey and New York. Photo: Breanna Denney/The Wall Street JournalA Philadelphia bank struggling to stay afloat agreed to a deal with an investor group aimed at shoring up its finances, a sign that smaller lenders are still under stress after a wave of failures shook the industry earlier this year. Republic First Bancorp is set to receive a $35 million infusion from a group of existing investors led by George Norcross III, Philip Norcross and Gregory Braca , the bank said, confirming an earlier Wall Street Journal report. The bank is in talks to raise another $40 million to $65 million from additional investors.
Persons: Breanna Denney, George Norcross III, Philip Norcross, Gregory Braca Organizations: Republic First Bancorp Locations: Pennsylvania , New Jersey, New York, Philadelphia, Republic
☆ Investor group to infuse $35 million in troubled Republic First Bancorp
  + stars: | 2023-10-27 | by ( ) www.reuters.com   time to read: +1 min
Companies Republic First Bancorp Inc FollowOct 27 (Reuters) - Investor group Norcross Braca has agreed to pump $35 million into troubled lender Republic First Bancorp (FRBK.PK), the companies said on Friday. The deal comes after the bank's disclosure in August that it was in talks with the group led by activist investor George Norcross regarding an equity investment and a broader capital raise. Philip Norcross has been appointed chair as part of the terms, while Gregory Braca and two new independent directors are also set to join the bank's board. The troubled lender has also postponed its 2022 annual shareholders meeting until December. Reporting by Manya Saini in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Norcross Braca, George Norcross, Philip Norcross, Gregory Braca, Manya Saini, Anil D'Silva Organizations: Bancorp, Investor, First Bancorp, Nasdaq, Thomson Locations: Bengaluru
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