Byline: Kate Davidson
After its long-running merger talks collapsed in March, Republic First Bancorp Inc. in Philadelphia today finds itself in a more fortunate position than many banks - it has a Plan B.
The $967.5 million-asset company last week raised $28.1 million in fresh capital, which it may use to add branches and finance loans while it rides out the industry downturn.
Republic First hasn't lost its ambition, either: It still aims to be a leader in the Philadelphia market. Yet it must shore up its balance sheet before it can focus on growth, analysts say.
"It all depends on how quickly we can see credit losses come down here over the next few …
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