LOUISVILLE, Ky.--(BUSINESS WIRE)--
Republic Bancorp, Inc. (the “Company”) is pleased to announce that on Friday, May 9th, 2014 the Company’s federally chartered savings association subsidiary, Republic Bank, merged with the Company’s Kentucky state chartered commercial bank subsidiary, Republic Bank & Trust Company (collectively the “Bank” or “Republic”). The former Republic Bank had a total of four banking centers located in the greater Tampa, Florida and greater Cincinnati, Ohio markets. The resulting merged Bank now boasts $3.5 billion in assets with 42 banking centers located in five states (Kentucky, Indiana, Tennessee, Florida and Ohio). The Bank will continue to be supervised by the Federal Deposit Insurance Corporation and the Kentucky Department of Financial Institutions. This merger is expected to provide greater efficiency in the Bank’s operations and allow its clients to have easier access to the Bank’s expanded banking center network.
“This merger will allow us to continue our mission to make banking at Republic easier. Now, no matter where you are, when you see a Republic banking center, your banking needs can be easily handled,” stated Steve Trager, Republic’s Chairman and CEO.
Founded in 1982 with one banking center on Bardstown Road in Louisville, Kentucky, Republic has grown to become one of the largest locally owned, Kentucky headquartered banks serving tens of thousands of personal and business clients.
Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 42 total banking centers: 33 banking centers in 12 Kentucky communities - Covington, Crestwood, Elizabethtown, Florence, Frankfort, Georgetown, Independence, Lexington, Louisville, Owensboro, Shelbyville and Shepherdsville; three banking centers in southern Indiana – Floyds Knobs, Jeffersonville and New Albany; three banking centers in Florida – Hudson, Port Richey and Temple Terrace; two banking centers in Tennessee – Cool Springs (Franklin) and Green Hills (Nashville); and one banking center in Blue Ash (Cincinnati), Ohio. The Bank offers internet banking at www.republicbank.com. The Company has $3.5 billion in assets and is headquartered in Louisville, Kentucky. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.
Republic Bank. It’s just easier here SM
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Steve Trager, 502-584-3600