Republic First (FRBK) Buyers Approached by FDIC - Bloomberg
Finance

FDIC Is Approaching Potential Buyers of Republic First

The Federal Deposit Insurance Corporation headquarters in Washington, DC. 

Photographer: Karen Bleier/AFP/Getty Images

The Federal Deposit Insurance Corp. is in talks with potential acquirers for Republic First Bancorp Inc., according to people with knowledge of the matter.

The regulator is seeking bids for the Philadelphia regional bank, said the people, who asked not to be identified describing a private process. It’s a repeat of an effort late last year that was paused after Republic First struck a deal with an investor group that included George E. Norcross III, Gregory B. Braca and Philip A. Norcross.