Republic First Bancorp, Inc. Completes $45 Million Private Placement Of Its Common Stock
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The Company's capital ratios at
Actual |
Pro-forma After Offering |
||
Leverage Ratio |
8.86% |
13.59% |
|
|
10.04% |
15.39% |
|
|
11.29% |
16.64% |
|
Tangible Common Equity |
6.68% |
10.80% |
After giving pro-forma effect to the offering, the book value of the Company's stock would have increased to
"The additional capital will be utilized to expand the growth opportunities of Republic Bank through the addition of new stores, primarily in southern
There are plans for additional stores in
About Republic Bank
Republic Bank, a subsidiary of
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
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