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Republic First Bancorp ( (FRBKQ) ) has provided an announcement.
Republic First Bank, once part of Republic First Bancorp, Inc., was shut down by regulators, leading the company to file for Chapter 11 bankruptcy. This event triggered defaults under financial agreements with Wilmington Trust Company, freezing actions to collect debts. Amidst the turmoil, the CEO and CFO of the company resigned from their positions.
For a thorough assessment of FRBKQ stock, go to TipRanks’ Stock Analysis page.