The Bank Slate


Republic First again delays 2022 annual meeting

Republic First Bancorp in Philadelphia will delay its 2022 annual meeting again.

The $6.2 billion-asset company disclosed in a regulatory filing that its board moved the meeting from Oct. 5 to Dec. 19.

The annual meeting was originally scheduled January after an investigation into certain third-party transactions kept the board from setting a date. A court blocked shareholders from electing directors, leading to another delay.

The board then decided to table the meeting indefinitely, prompting a shareholder group to file a lawsuit in hopes of forcing the assembly. The Oct. 3 date was set this summer.

Republic First also disclosed in its filing that it continues to engage in active discussions with George Norcross III, Gregory Braca and Philip Norcross “to assess potential strategic opportunities … that may include a capital raise or other transaction.”

Republic First held an annual meeting on April 27, 2021.

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