Deadline for Metro merger moved again Oct 30, 2009
There has been yet another delay in the proposed acquisition of by (the former Pennsylvania Commerce Bancorp). The two sides have extended the contractual deadline for the merger to Dec. 31 backing up the closing two months from the Oct. 31 deadline. (Philadelphia Business Journal, PA)
Metro Bancorp raises money Oct 14, 2009
-based Metro Bancorp (formerly Pennsylvania Commerce Bancorp) said late last year that it would acquire Philadelphia s. The deadline for the closing of the merger has been extended to Oct. 31 as regulatory approval has been the final obstacle. (Philadelphia Business Journal, PA)
Republic First loses $5M in 2Q Aug 11, 2009
-based Metro Bancorp (formerly Pennsylvania Commerce Bancorp) said two weeks ago that a contractual deadline for the closing of the merger with Republic First has been extended to Oct. 31. It said the extension provides the companies additional time to obtain required regulatory approvals for the merger. (Philadelphia Business Journal, PA)
> Highest-paid CEOs comp bucks downturn Jun 27, 2009
For example, Harry Madonna, CEO of Republic First Bancorp, which was recently bought by Pennsylvania Commerce Bancorp and will change its name to when the deal closes in the fall, earned $707,431 despite his bank losing $470,000, which amounts to a ratio of CEO pay to corporate earnings of negative 149 percent. Conversely, s new CEO, Lynn Elsenhaus, took home just 0. (Philadelphia Business Journal, PA)
Republic First Bancorp, Inc. Reports First Quarter Earnings May 9, 2009
-- The shareholders of both Republic First Bancorp and Pennsylvania Commerce Bancorp have approved the merger of the companies subject to regulatory approval. -- Pennsylvania Commerce Bancorp will become Metro Bancorp (METR) on June 12, 2009 and Republic First Bancorp is well along in preparing for the rebranding to Metro Bank. (PR Newswire)
Republic First Bancorp shareholders OK Pennsylvania Commerce Bancorp merger Mar 20, 2009
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