(Reuters) – U.S. regulators are set to seize Republic First Bancorp and are nearing a deal to sell it to another lender, the Wall Street Journal reported on Friday citing people familiar with the matter.
The deal could be announced as soon as Friday, the report said, adding that the identity of the expected buyer could not be learned and it is still possible the deal could collapse.
FDIC and Republic First did not immediately respond to a Reuters request for comment.
(Reporting by Nathan Gomes in Bengaluru; Editing by Shilpi Majumdar)
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