© Reuters. FILE PHOTO: An individual walks previous the First Republic Financial institution department in Midtown Manhattan in New York Metropolis, New York, U.S., March 13, 2023. REUTERS/Mike Segar
(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.
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