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By Robert Barba
SEP 21, 2009 4:13pm ET

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Metro Offering Tied to Its Republic Deal

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Metro Bancorp in Harrisburg, Pa., plans to sell $75M of its common stock, in an offering that could help smooth its pending acquisition of Republic First Bancorp in Philadelphia.

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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