LOUISVILLE, Ky., September 20, 2022--(BUSINESS WIRE)--Republic Bank & Trust Company ("Republic" or "Republic Bank") has earned the prestigious 2022 American Bankers Association ("ABA") Foundation Community Commitment Award. The award was given to Republic for its work in the Community and Economic Development category.
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Republic Bank Earns National Award Recognizing Leadership in Community and Economic Development (Graphic: Business Wire)
Just seven banks across the entire country were honored with Community Commitment Awards by the ABA Foundation in 2022. The ABA represents the nation’s $23.7 trillion banking industry composed of small, regional, and large banks that together employ more than 2 million people. Award winners were chosen by a field of nationally recognized experts who chose the winning banks based on the creativity and thoughtfulness of programs that embody the ideals of corporate social responsibility and demonstrate success in measurable terms.
Republic’s initiative, which united nine community banks to complete funding for the Louisville Urban League’s Norton Healthcare Sports and Learning Center and allowed the facility to open in early 2021, was called out by the ABA as an example for banks nationwide of how to make a difference in their communities.
"At Republic, our commitment to community is second to none," said Republic Chair Steve Trager. "This is Republic’s 40th Anniversary, and we have been committed to helping our communities thrive for the entire 40 years of our existence. We’re honored to be recognized by the preeminent voice of the banking industry with this award, and proud to have played a role in bringing this dynamic complex to life."
"We received many strong entries this year but Republic Bank and its partnership for the Louisville Urban League’s Norton Healthcare Sports and Learning Center stood out among the pack," said Lindsay Torrico, executive director of ABA Foundation. "It’s wonderful to see an organization identify a need within its community and immediately get to work. We applaud Republic Bank for its unwavering commitment to community and hope others throughout the industry will be inspired to give back and drive community change."
"In just one year, we’re already seeing the exciting economic and community-strengthening impact of this project from a regional standpoint but especially in West Louisville," said Republic President and CEO Logan Pichel. "This recognition is all the more significant because it highlights the power of partnerships in coming up with creative solutions for the common good."
The award will be presented during ABA’s Annual Convention on Oct. 4 in Austin, Texas. To learn more about the ABA Foundation Community Commitment Awards, visit aba.com/awards.
About Republic Bank
Republic Bancorp, Inc. (the "Company") is the parent company of Republic Bank & Trust Company (the "Bank"). The Bank currently has 42 full-service banking centers throughout five states: 28 banking centers in 8 Kentucky communities – Covington, Crestview Hills, Florence, Georgetown, Lexington, Louisville, Shelbyville, and Shepherdsville; three banking centers in southern Indiana – Floyds Knobs, Jeffersonville, and New Albany; seven banking centers in six Florida communities (Tampa MSA) – Largo, New Port Richey, St. Petersburg, Seminole, Tampa, and Temple Terrace; two banking centers in two Tennessee communities (Nashville MSA) – Cool Springs and Green Hills; and two banking centers in two Ohio communities (Cincinnati MSA) – Norwood and West Chester. The Bank offers internet banking at www.republicbank.com. The Company has approximately $6.3 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.
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