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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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Republic First to partner with activist investors in new capital raise

American Banker

A proposed settlement between the Philadelphia-based community bank and an activist investor group that has waged a nearly two-year battle for control also calls for overhauling the board of directors.

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Investor cancels capital infusion for Republic First

American Banker

Citing missed deadlines for an annual meeting and key regulatory filing, the Norcross-Braca group has called off a plan to invest $35 million in the Philadelphia bank.

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Philadelphia Fed brings enforcement action against Quontic Bank

American Banker

It's the third enforcement action in five years against the small New York-based bank. Under a written agreement, Quontic pledged not to distribute capital without the permission of its regulators.

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First Bank in New Jersey gets regulatory approvals to close deal in Philly

American Banker

The acquisition of Malvern Bancorp, expected to close this month, would hasten First Bank's efforts to further fortify its footprint stretching from Philadelphia to New York City.

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Republic First names new chairman amid investor fight and steep loss

American Banker

An activist investor blasted the appointment of Andrew Cohen, saying he has long served on the Philadelphia bank's board and shares responsibility for its financial troubles.

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Embattled Republic First in Philadelphia names permanent CEO

American Banker

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