Reform, one bank advises another
Article Abstract:
USA BancShares of Philadelphia, PA, is urging the management of Republic First Bancorp Bank to institute reforms to boost its declining stock price. USA Bancshares, which owns a 1.8% stake in Republic, noted that since it began investing in the Center City bank on Apr. 28, 1998, Republic's stock price has dropped from $12.375 per share to close at $9.75 on Sep. 8, 1998 trading. USA BancShares' sentiment is shared by Zeev Shenkman, a USA BancShares' director and owner of a 3.3% stake in Republic.
Comment:
Is urging the management of Republic First Bancorp Bank to institute reforms that could boost its declining stock price
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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For bank, hazards attend big clout
Article Abstract:
Commerce Bancorp has grown rapidly across the Northeast by offering good service to customers and by cultivating power brokers in business and government. These relationships are however undergoing federal scrutiny by the Securities and Exchange Commission looking into its government-bond business in 2003.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2003
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