A case of mistaken identity is sparking a selloff in Republic First Bancorp Inc., which had fallen by more than 40% this month because investors have it confused with embattled First Republic Bank.
“We are NOT First Republic Bank,” Republic First Chief Executive Officer Thomas Geisel wrote in a letter on the company’s website. “It’s important to fully understand there are significant differences between these banks, other ‘Start-up’ or ‘Crypto-focused’ banks versus Republic Bank and the thousands of other community banks.”
Source: Republic First Is ‘NOT’ First Republic, But Try Telling Traders That
