Philadelphia Bank Unloads Almost $60M in NPLs

Republic First Bancorp, Philadelphia, this week announced that it had sold $59 million of mostly problem real estate loans to a single investor, a move that goes a long way towards cleaning up its balance sheet.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_502/republic-first-bank-1027992-1.html

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com
Bunk Beds