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Custodian appointed in Republic First Bank saga (updated)

A court-ordered cooldown did not stop the “destructive conduct” between the two competing sides in the institution's proxy fight, leading Judge Paul Diamond to name Alfred Putnam of Faegre Drinker Biddle & Reath LLP as special custodian to temporarily assume control of the bank. Later Friday, the Norcross team applauded the move in a letter.

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