PHILADELPHIA, April 26 /PRNewswire-FirstCall/ -- Republic First
Bancorp, Inc. (Nasdaq: FRBK), the holding company for Republic
First Bank, today announced that it has filed a registration
statement for a proposed underwritten public offering of up to
$40 million of its common stock with
the Securities and Exchange Commission on Form S-1. Sandler
O'Neill + Partners, L.P. will be the lead underwriter for the
proposed securities offering.
Republic First Bancorp, Inc. offers a variety of retail and
commercial banking services to individuals and businesses
throughout the Greater
Philadelphia and Southern New
Jersey area through Republic First Bank, from eleven store
locations in Philadelphia,
Montgomery and Delaware Counties in Pennsylvania, and one in Camden County, New Jersey. The company
intends for the bank to use the proceeds from the proposed
securities offering for general corporate purposes, including
implementing the bank's retail and rebranding strategies, and
improving its branches and adding branch locations.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective.
The offering will be made only by means of a prospectus. An
electronic copy of the prospectus is included in the registration
statement and available on the web site of the Securities and
Exchange Commission at
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000834285.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About Republic First Bank
Republic First Bank is a full-service, state-chartered
commercial bank, whose deposits are insured up to the applicable
limits by the Federal Deposit Insurance Corporation. The Bank
provides diversified financial products through its twelve offices
located in Abington, Ardmore, Bala
Cynwyd, Plymouth Meeting,
Media and Philadelphia, Pennsylvania and Voorhees, New Jersey.
Forward Looking Statements
The Company may from time to time make written or oral
"forward-looking statements", including statements contained in
this release and in the Company's filings with the Securities and
Exchange Commission. These forward-looking statements include
statements with respect to the Company's beliefs, plans,
objectives, goals, expectations, anticipations, estimates, and
intentions that are subject to significant risks and uncertainties
and are subject to change based on various factors, many of which
are beyond the Company's control. These risks and uncertainties
include the risk that the registration statement never becomes
effective and we are not able to conduct any offering of securities
in connection with the registration statement, as well as other
risk factors detailed from time to time in the Company's filings
with the Securities and Exchange Commission. The words "may",
"could", "should", "would", "believe", "anticipate", "estimate",
"expect", "intend", "plan", and similar expressions are intended to
identify forward-looking statements. All such statements are
made in good faith by the Company pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
The Company does not undertake to update any forward-looking
statement, whether written or oral, that may be made from time to
time by or on behalf of the Company, except as may be required by
applicable law or regulations.
SOURCE Republic First Bancorp, Inc.