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MAR 16, 2010 6:52pm ET

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Metro: Back to De Novo Roots in Pennsylvania

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Gary Nalbandian, Metro Bancorp's president and chief executive, said it will expand organically after its bid for Republic First Bancorp in Philadelphia collapsed.

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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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