(Reuters) -The Federal Deposit Insurance Corp (FDIC) is in talks with potential buyers for Republic First Bancorp, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
It is a repeat of the effort last year after the Philadelphia-based regional bank struck a deal with an investor group that included George E. Norcross III, Gregory B. Braca and Philip A. Norcross, the report said.
FDIC and Republic First did not immediately respond to Reuters’ requests for comment.
(Reporting by Pritam Biswas in Bengaluru; Editing by Shilpi Majumdar)
Comments