Republic First Bancorp expects to file annual report after deadline

(Reuters) – Republic First Bancorp (NASDAQ:) Inc mentioned on Friday it expects to file its annual report with the U.S. Securities and Trade Fee by Could 1, a lot later than the March 30 deadline.

The Philadelphia-based lender didn’t give a motive for the delay.

The disclosure comes two weeks after the financial institution mentioned it was elevating $125 million from sure traders, together with different asset administration agency Fortress Creek Capital.

Republic First’s shares have misplaced greater than 40% to date this month as financial institution shares globally had been whipsawed by a disaster that has worn out two mid-size lenders in the US.