Republic First Bancorp, the parent company of Republic Bank, and the Norcross Braca Group signed a securities purchase agreement to effectuate a $35 million investment by the Norcross Braca Group.
Republic First Bancorp, the holding company of Republic First Bank, which does business as Republic Bank, will exit its legacy mortgage origination business while simultaneously reducing the size of its New York lending and credit teams.
Republic First Bancorp, the parent company of Republic Bank, appointed Michael LaPlante senior vice president and chief accounting officer. LaPlante will oversee the company’s accounting functions and will report directly to Michael Harrington, CFO of Republic Bank.
Republic First Bancorp, the parent company of Republic Bank, hired Sheryl Simon as senior vice president and senior relationship manager. Simon previously worked at TD Bank for 11 years and most recently was a relationship manager at Lakeland Bank.
Elevate Credit, a tech-enabled provider of online credit solutions for non-prime consumers, amended the credit facilities for its four products with alternative investment firm Victory Park Capital.
Republic First promoted Gina Iacoviello to retail market manager for its four Center City Philadelphia locations.
Republic First Bancorp completed a $100 million common stock offering and elected Vernon W. Hill II as chairman.
Republic First Bancorp named Elizabeth Six vice president and relationship manager for the Pennsylvania market.
Jerry Bresser has been named Republic Bank’s vice president and commercial lender for the Pennsylvania market.
Republic First promoted two vice presidents of C&I lending, Matt Skilton and Matt Moresco, to team leaders.