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.