LOUISVILLE, Ky.--(BUSINESS WIRE)--
Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank
& Trust Company and Republic Bank, today announced an 8% increase in the
Company’s second quarter cash dividends. The cash dividend of $0.143 per
share of Class A Common Stock and $0.13 per share on Class B Common
Stock will be payable July 16, 2010 to shareholders of record as of June
18, 2010.
“On the heels of another successful first quarter, in which we -
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were named #5 in the Bank Director Magazine listing of
America’s top 150 performing banks during 2009 with $3 billion or more
in assets,
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furthered our commitment to the charitable and philanthropic community
with a $5 million contribution to the new Republic Bank Foundation, and
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reported record net income in the first quarter of 2010,
we are pleased to announce the 9th consecutive annual increase in our
quarterly cash dividend. Our strong performance and capital position,
combined with our continued positive outlook for the future, will once
again allow our shareholders to benefit through an increased cash
dividend - an achievement few companies can site in today’s difficult
economy. We thank our loyal shareholders for their continued support as
we, in turn, reciprocate through a higher dividend. As this positive
news demonstrates, ‘We were here for you yesterday. We are here for you
today. We will be here for you tomorrow,’®” commented Steve Trager,
President and CEO for Republic.
Republic Bancorp, Inc. (Republic) has 44 banking centers and is the
parent company of: Republic Bank & Trust Company with 35 banking centers
in 13 Kentucky communities - Bowling Green, Covington, Crestwood,
Elizabethtown, Florence, Frankfort, Georgetown, Independence, Lexington,
Louisville, Owensboro, Shelbyville and Shepherdsville and three banking
centers in southern Indiana: Floyds Knobs, Jeffersonville and New
Albany. Republic Bank has banking centers in Hudson, Palm Harbor, Port
Richey, New Port Richey and Temple Terrace, Florida as well as
Cincinnati, Ohio. Republic operates Tax Refund Solutions, a nationwide
tax refund loan and check provider. Republic offers internet banking at www.republicbank.com.
Republic has $3.2 billion in assets and $1 billion in trust assets under
custody and management. Republic is headquartered in Louisville,
Kentucky, and Republic's Class A Common Stock is listed under the symbol
'RBCAA' on the NASDAQ Global Select Market.
Source: Republic Bancorp, Inc.
Contact:
Republic Bancorp, Inc.
Steve Trager, President and CEO, 502-584-3600