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
Republic Bancorp, Inc.
Steve Trager, 502-584-3600
Source: Republic Bancorp, Inc.