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Norcross family buys stake in Mid Penn Bank with $26.6M investment
The move by brothers George and Philip Norcross, along with George Norcross' children and another partner, follows the protracted proxy fight over the now-defunct Republic First Bank.
Norcross, co-defendants seek dismissal of racketeering case
Arguing the state's case reads less like a legal document and more like a screenplay for a "putative summer blockbuster," the motion asserts: "Simply put, this is a crime thriller with no crime.”
Norcross, co-defendants plead not guilty in racketeering case
“Anyone reviewing the indictment will see these are charges in search of a crime,” said George Norcross' attorney, Michael Critchley. “There will be much more to say in the future, but for now, suffice to say that the fact of what actually occurred and why these charges were brought will come out.
‘The Norcross Enterprise’ hit with 13-count racketeering indictment
“On full display in this indictment is how a group of unelected, private businessmen used their power and influence to get government to aid their criminal enterprise and further its interests," Attorney General Matthew Platkin said announcing the charges June 17.
Norcross Braca Group calls off Republic First Bank deal
The announcement comes one day ahead of a Feb. 29 deadline.
Republic First, Norcross Braca Group give update on $35M investment
The now-aligned parties agreed to extend the outside date for closing the transaction, while the financial institution again pushed back its long-delayed annual shareholder meeting.
Republic First Bank, Norcross Braca Group announce $35M investment
The infusion comes along with a board shakeup that includes the addition of former TD Bank U.S. CEO Greg Braca as well as managing shareholder and CEO of law firm Parker McCay, Philip Norcross, as chair.
An armistice: Republic Bank, Norcross Braca Group announce agreement
The sides signed a non-binding Letter of Intent that includes a minimum investment of $35 million from the activist investor group in addition to providing for the reconstitution of the financial institution's board of directors.
Norcross Braca Group announces Republic First board nominees
“Today’s announcement that Dan Hilferty and Mary Pat Christie ... are willing to join our fight to rescue Republic First should be a clear signal to the company’s employees, customers, and shareholders that help is, at long last, on its way,” said former TD Bank President and CEO Greg Braca.
Republic First Bank, Norcross Braca Group proxy fight flares up again
On May 15, the board of the financial institution announced a pause of its planned $125 million capital raise; the other side released a strongly worded statement questioning the move.
Norcross group backs Driver slate in Republic Bank battle
The move is the latest in a proxy battle that pits George Norcross III against the bank's current CEO, Vernon Hill.
