In March, Republic said it would eliminate about 560 jobs, or nearly 10 percent of its 5,800-member work force.

The acquisitions of both privately held companies will be accounted for as poolings of interests, Republic said.

Mr. Mecham wrote letters to the 14 saying he would repay them if their money was needed, The Republic said.

"Your duties are what the Republic says they are, mistress," the heavy-set man growled.

Republic said the moves should result in about $42 million in pretax savings this year.

Republic also said that it had replaced the manager of the futures department.

Republic has said that both legal actions are without merit.

"The Democratic Republic of Fehr," said Martha, and now there was enthusiasm in her voice.

In 2009, Potvin announced The Republic would be going on indefinite hiatus and saying he does not know "exactly when it will return."

Republic said second-quarter earnings beat expectations as higher revenue from loans and other investments offset lower fees.