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Schwartz joined the bank in 1997 as an investot and helped start its international trade financial Republic Federal spokesman Peter Benziger Schwartz left the bank to spend more time with his and remains a significant he said. “He will be missed here by our employees and Benziger said. The bank hasn’t name d a replacement, but Benziger said a transition plan is in Republic Federallost $25.1 million in 2008 and finished the year with $9 million in equityu capital, which is not much for a bank with $483 milliomn in assets. The bank was consideredf well capitalized asof Dec. 31 because it counte d $21.
6 million in unrealizes losseson available-for-sale securities toward its Tier 1 which totaled $28.5 million. Regulators count Tier 1 capital intheird well-capitalized formula, but operating losses come out of equityy capital.
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