George Norcross Seeks Board Spots At Republic First Bancorp
What’s New In Activism – George Norcross At Republic First BancorpGeorge Norcross and his allies made a new proposal to Republic First Bancorp Inc (NASDAQ:FRBK), offering to invest $75 million in exchange for three board spots and the CEO position. Q3 2022 hedge fund letters, conferences and more In March, the dissidents offered to make a $50 million investment and expressed interest in becoming majority shareholders in Republic First through a subsequent transaction. At the time, the community lender was headed by former CEO Vernon Hill, who left during the summer after losing a board fight a...