Wednesday, July 29, 2015

Metro-Republic deal delayed again

Still waiting for the new Metro Bank

Metro-Republic deal delayed again

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Republic First Bank, Philadelphia, and Metro Bank, Harrisburg, have again extended their mid-2008 merger agreement, which has been stalled while they wait for regulators to say Yes, until next March, or maybe June. They've hired, they've put up new signs (the whole 45 branches and $3 billion in loans and investments will be called Metro Bank), but they're still not united. Announcement here.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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