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https://www.wsj.com/articles/republic-first-bancorp-to-exit-mortgage-origination-business-ed841c0b

Republic First Bancorp to Exit Mortgage-Origination Business

Company cutting jobs in its New York commercial lending and credit teams

By Dean Seal
Republic First Bancorp said it will exit its legacy mortgage-origination business. Photo: Spencer Platt/Getty Images

The holding company for Republic First Bank is exiting its legacy mortgage-origination business.

Republic First Bancorp said Friday that the platform’s primary offering has historically been an aggressively priced, long-term jumbo mortgage product that no longer aligns with the company’s preference for shorter duration and better risk-adjusted return asset classes.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.