April 24 (Reuters) - The Federal Deposit Insurance Corp
(FDIC) is in talks with potential buyers for Republic First
Bancorp ( FRBK ), Bloomberg News reported on Wednesday, citing
people with knowledge of the matter.
The lender struck a deal with an investor group that
included veteran businessman George Norcross, high-profile
attorney Philip Norcross late last year, but the deal was
terminated in February.
The regulator is seeking bids for the Philadelphia regional
bank, Bloomberg News reported, citing the people.
Republic First did not immediately respond to Reuters'
request for a comment. FDIC declined to comment.
Republic First cut jobs last year to reduce costs and exited
its mortgage origination business. Its shares were delisted from
the Nasdaq in August and now trade over the counter.