Republic First Bancorp expects to file annual report after deadline

(Reuters) – Republic First Bancorp (NASDAQ:) Inc said on Friday it expects to file its annual report with the U.S. Securities and Exchange Commission by May 1, much later than the March 30 deadline.

The Philadelphia-based lender did not give a reason for the delay.

The disclosure comes two weeks after the bank said it was raising $125 million from certain investors, including alternative asset management firm Castle Creek Capital.

Republic First’s shares have lost more than 40% so far this month as bank stocks globally were whipsawed by a crisis that has wiped out two mid-size lenders in the United States.