-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HWQBkLsS2tdYcCntYsk//skFGoaq21PXYPeNy1+h7UUpP7NrDcvkhaN4QPYcrsD0 Gh59uOmBms2dsXjjLdu0nA== 0000950159-04-000647.txt : 20040707 0000950159-04-000647.hdr.sgml : 20040707 20040707145654 ACCESSION NUMBER: 0000950159-04-000647 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040707 ITEM INFORMATION: Other events FILED AS OF DATE: 20040707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REPUBLIC FIRST BANCORP INC CENTRAL INDEX KEY: 0000834285 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 232486815 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17007 FILM NUMBER: 04904195 BUSINESS ADDRESS: STREET 1: 1608 WALNUT ST STREET 2: STE 1000 CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2157354422 MAIL ADDRESS: STREET 1: 1608 WALNUT ST STREET 2: STE 1000 CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: FIRST REPUBLIC BANCORP INC /DE/ DATE OF NAME CHANGE: 19960617 FORMER COMPANY: FORMER CONFORMED NAME: EXECUFIRST BANCORP INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIRST EXECUTIVE BANCORP INC DATE OF NAME CHANGE: 19881113 8-K 1 repfirst8k.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF THE REPORT (Date of Earliest Event Reported): July 7, 2004 REPUBLIC FIRST BANCORP, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) PENNSYLVANIA 0-17007 23-2486815 ------------ ------- ---------- (STATE OR OTHER JURISDICTION (COMMISSION FILE (I.R.S. EMPLOYER OF INCORPORATION) NUMBER) IDENTIFICATION NO.) 1608 WALNUT STREET, PHILADELPHIA PA 19103 ----------------------------------------- (ADDRESS AND ZIP CODE OF PRINCIPAL EXECUTIVE OFFICES) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (215) 735-4422 -------------- - -------------------------------------------------------------------------------- (FORMER NAME OR FORMER ADDRESS, IF CHANGED FROM LAST REPORT) Page 1 of 3 Pages Item 5. Other Items - ------------------- On July 2, 2004, Republic First Bank, a wholly owned subsidiary of Republic First Bancorp ("the Company"), was awarded a damage verdict in the amount of $4,439,000 against a Philadelphia law firm in connection with their improper representation of the Bank in a loan transaction which caused prior year losses for the Company. On August 3, 2004, the Court will address an additional verdict of punitive damages arising from the same improper conduct by the law firm. Thereafter, the Court would have to enter its verdict as a judgment. Prior to the entry of the verdict as a final judgment, there may be post-trial motions and appeals. The Company is unable to predict the amount of the judgment, if any, that would be received by the Bank until all post-trial motions and appeals have been resolved. In the event that the Company is successful in pursuing this verdict to final judgment, an unrelated loan participant would be entitled to 31.5%, and the Company 68.5% of the judgment, after deduction of the attorney's fees to achieve the final result. Page 2 of 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. REPUBLIC FIRST BANCORP, INC. ---------------------------- (Registrant) Dated: July 7, 2004 By: /s/ PAUL FRENKIEL ------------ ---------------------- Paul Frenkiel Chief Financial Officer Page 3 of 3 -----END PRIVACY-ENHANCED MESSAGE-----