US regulators set to seize Republic First Bancorp, WSJ reports
) and are nearing a deal to sell it to another lender, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The Philadelphia-based lender struck a deal with an investor group that included veteran businessman George Norcross, high-profile attorney Philip Norcross late last year, but that was terminated in February. The bank's stock price has tumbled from just over $2 at the start of the year to about 1 cent on Friday, leaving it with a market capitalization below $2 million.Scan QR code to install app
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