---
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"
generated_at: "2026-06-03T06:02:23.423570+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Republic First Bank closed by regulators, FDIC appointed receiver; all directors resign

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-013455
- form_type: 8-K
- cik: 0000834285
- company_name: REPUBLIC FIRST BANCORP INC
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 5.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013455
- JSON: https://secwatch.observer/filing/0001437749-24-013455.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013455.txt

## Key facts
- Distress & Bankruptcy
  REPUBLIC FIRST BANCORP INC entered receivership (petition 2024-04-26).
  - Proceeding: receivership
  - Petition: 2024-04-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm
- Executive change
  Harry D. Madonna resigned as Director at REPUBLIC FIRST BANCORP INC.
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm
- Executive change
  Lisa R. Jacobs resigned as Director at REPUBLIC FIRST BANCORP INC.
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm
- Executive change
  Harris Wildstein resigned as Director at REPUBLIC FIRST BANCORP INC.
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm
- Executive change
  Andrew B. Cohen resigned as Director at REPUBLIC FIRST BANCORP INC.
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm
- Governance Changes
  REPUBLIC FIRST BANCORP INC: Reduced minimum board size from 5 to 3 directors (effective 2024-04-26).
  - Change: bylaw amendment
  - Effective: 2024-04-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/834285/000143774924013455/0001437749-24-013455-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.