Second consecutive quarter to chart highest rating from
DepositAccounts.com
LOUISVILLE, Ky.--(BUSINESS WIRE)--
Republic Bank recently earned a second consecutive A+ Health and
Stability rating from DepositAccounts.com,
which evaluates the financial health of banks across the United States.
An A+ rating is the highest Health and Stability rating issued by
DepositAccounts.com, and ranks Republic Bank’s financial health among
the top 10 percent of banks nationwide.
DepositAccounts.com assesses more than 6,900 banks, grading them on a
number of factors, including capitalization, deposit growth and
loan-to-service ratios. Republic Bank’s two consecutive A+ ratings were
from the first and second financial quarters of 2015.
“Stability is the number one thing we can provide to continually earn
our customers’ trust and make their banking decisions easier,” said
Steve Trager, chairman and chief executive officer, Republic Bank. “Our
teams work hard to build and protect our financial stability, and we
appreciate the added vote of confidence these ratings from
DepositAccounts.com provide.”
DepositAccounts.com is the largest and most comprehensive online
publication in the U.S. dedicated to banking information for consumers.
It covers all 14,000 federally insured banks and credit unions and
utilizes its patent-pending technology to track more than 275,000
consumer deposit rates, each updated nightly.
About Republic Bank
Republic Bancorp, Inc. (the “Company”) is the parent company of Republic
Bank & Trust Company (the “Bank.”). The Bank currently has 40 banking
centers: 32 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; two banking centers in Florida – 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 $4.0 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151022006170/en/
Republic Bank
Michael Sadofsky, 502-561-7125
msadofsky@republicbank.com
or
DepositAccounts.com
Patrick
Russo, 205-533-0699
prusso@depositaccounts.com
Source: Republic Bancorp, Inc.