Vernon Hill, the former chair of UK retail lender Metro Bank, is asking a federal court to block a move by his boardroom adversaries to oust him as chair of a US bank called Republic First Bancorp. Hill was dismissed in 2007 from Commerce Bancorp in the US after a probe by a federal regulator into his dealings with related parties, including real estate transactions involving him and his relatives. In 2010, he established Metro Bank, the first high street bank to launch in the UK in more than a century.
First Republic Bank (FRC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
SAN FRANCISCO, April 26, 2022--First Republic Bank (NYSE:FRC) announced today that it has given notice of its intention to redeem in full the $500 million outstanding principal amount of its 2.500% Senior Notes due 2022 (CUSIP No. 336158 AK6) (the "Notes") on May 6, 2022. The Notes will be redeemed at a redemption price equal to the sum of 100% of the aggregate principal amount of the Notes and any accrued and unpaid interest to, but excluding, May 6, 2022.