{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-013455","form_type":"8-K","ticker":null,"cik":"0000834285","company_name":"REPUBLIC FIRST BANCORP INC","filed_at":"2024-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.110043+00:00","generated_at":"2026-06-03T06:02:23.423570+00:00","sec_items":["1.03","5.02","5.03","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Republic First Bank closed by regulators, FDIC appointed receiver; all directors resign","bullets":["On April 26, 2024, Republic First Bank closed by Pennsylvania Dept. of Banking; FDIC appointed receiver.","Bank is no longer a subsidiary of Republic First Bancorp, Inc.","Directors Andrew B. Cohen, Lisa R. Jacobs, Harry D. Madonna, and Harris Wildstein resigned effective April 26.","Board amended bylaws to reduce minimum size from 5 to 3 directors; board set at 3."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-013455","json":"https://secwatch.observer/filing/0001437749-24-013455.json","markdown":"https://secwatch.observer/filing/0001437749-24-013455.md","text":"https://secwatch.observer/filing/0001437749-24-013455.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/frbk20240426_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:02:23.423570+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fa3ad77c1d6b62201a844ca2b510924ead3bd427","claim":"REPUBLIC FIRST BANCORP INC entered receivership (petition 2024-04-26).","evidence_excerpt":"On April 26, 2024, Republic First Bank, d/b/a Republic Bank (the “Bank”) was closed by the Pennsylvania Department of Banking and Securities, and the Federal Deposit Insurance Corporation was appointed as receiver.","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"receivership"},{"label":"Petition","value":"2024-04-26"}],"fact_type":"distress_event"},{"claim_id":"13c6b45b4b","claim":"Harry D. Madonna resigned as Director at REPUBLIC FIRST BANCORP INC.","evidence_excerpt":"On April 26, 2024, each of Andrew B. Cohen, Lisa R. Jacobs, Harry D. Madonna and Harris Wildstein resigned as a director of the Company, which resignations have become effective.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"3ffc9b3cda","claim":"Lisa R. Jacobs resigned as Director at REPUBLIC FIRST BANCORP INC.","evidence_excerpt":"On April 26, 2024, each of Andrew B. Cohen, Lisa R. Jacobs, Harry D. Madonna and Harris Wildstein resigned as a director of the Company, which resignations have become effective.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"4a8601beba","claim":"Harris Wildstein resigned as Director at REPUBLIC FIRST BANCORP INC.","evidence_excerpt":"On April 26, 2024, each of Andrew B. Cohen, Lisa R. Jacobs, Harry D. Madonna and Harris Wildstein resigned as a director of the Company, which resignations have become effective.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f53cdec3bc","claim":"Andrew B. Cohen resigned as Director at REPUBLIC FIRST BANCORP INC.","evidence_excerpt":"On April 26, 2024, each of Andrew B. Cohen, Lisa R. Jacobs, Harry D. Madonna and Harris Wildstein resigned as a director of the Company, which resignations have become effective.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"06aef8dbafc2c2b36839e239f173482da874a0a6","claim":"REPUBLIC FIRST BANCORP INC: Reduced minimum board size from 5 to 3 directors (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, the Company’s Board of Directors (the “Board”) amended the Company’s Amended and Restated By-Laws to reduce the minimum size of the Board from five (5) directors to three (3) directors.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2024-04-26"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}