Republic First Bancorp announced May 1 the closing of a joint venture with Fidelity Bond and Mortgage Co. and Phoenix Mortgage Co. that will provide full-service mortgage banking services to the bank's business region and beyond.

The $457 million-asset banking company bought 47% of Fidelity Bond for approximately $1.6 million cash. Phoenix acquired 33% of Fidelity Bond in a stock swap.

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