Republic First receives $35M investment from Norcross Braca Group

Philadelphia-based Republic First Bancorp has secured a $35 million investment from the Norcross Braca Group, with Philip Norcross becoming the chairman of Republic First's board and former TD Bank U.S. CEO Gregory Braca joining the board along with two other members. Four directors will step down from the board. Republic First plans to commence the remainder of its previously announced $75 million to $100 million capital raise after the new investment closes.