- Republic First Bancorp ( NASDAQ: FRBK ) said Thursday it appointed Thomas Geisel as CEO , president and member of the board, effective immediately.
- Geisel most recently as president of corporate banking at Webster Bank (formally called Sterling National Bank).
- Michael Harrington has been appointed CFO, effective immediately. He was most recently CFO at Bryn Mawr Trust.
- Republic First ( FRBK ) founder Harry Madonna will step down as interim CEO and will remain as chairman.
- Jonathan Hill, who served as interim CFO, will return to his role as controller.
- Republic First's ( FRBK ) strategic review is ongoing. Capital alternatives under review include restructuring of balance sheet, lending through expanded distribution points, leveraging new technology, diversifying sources of fee income and expense discipline.
- In October, activist investor George Norcross demanded that Republic First ( FRBK ) form a special committee to investigate alleged breaches of fiduciary duty and corporate waste .
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Republic First Bancorp hires Thomas Geisel as CEO