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Republic First shares rise after bank discloses inbound deal interest and sets up strategic review committee

republic first shares rise after bank discloses inbound deal interest and sets up strategic review committee

Republic First Bancorp Inc. FRBK, +20.08% jumped 8% in premarket trades Thursday after the company said it’s initiating a strategic review in the wake of “inquiries by multiple parties expressing interest in one or more potential strategic transactions with the company. Republic First said it set up a strategic review committee to review the recent inquiries and to evaluate, together with independent advisors, including Keefe, Bruyette & Woods Inc. The company does not plan to comment further unless and until the board has approved a specific course of action.

Source: Marketwatch

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