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First Priority Financial shareholders green-light authorized stock increase

Shareholders of Malvern, Pa.-based First Priority Financial Corp. approved a proposal to increasethe number of authorized common shares of the company to 20 million from 10 million.The approval came at the annual shareholder meeting May 3.

According to a Form 8-K filed May 5, there were 4,564,265 votesin favor of the proposal and 169,599 votes against it. There were 95,215 abstentions.And there was 1 broker nonvote.