Metro Bancorp Inc. in Harrisburg, Pa., swung to a $490,000 loss in the third quarter, but said it plans to use the $77.9 million of capital it just raised to complete its pending acquisition of Republic First Bancorp in Philadelphia and continue growing aggressively.

The loss of 8 cents a share arose from higher expenses, including a 118% increase in the loan-loss provision from a year earlier, to $3.7 million. Chargeoffs soared to $8.4 million, or an annualized 2.29% of average total loans. This ratio had been a negligible 0.01% the year earlier and 0.16% at June 30.

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