LOUISVILLE, Ky.--(BUSINESS WIRE)--
Republic Bancorp, Inc. (“Republic”) (NASDAQ: RBCAA), parent company of
Republic Bank & Trust Company, today announced a 10% increase in the
Company’s quarterly cash dividends. The quarterly cash dividend of
$0.242 per share of Class A Common Stock and $0.22 per share on Class B
Common Stock will be payable April 20, 2018 to shareholders of record as
of March 16, 2018. The increased cash dividend results in an annualized
dividend yield for the Class A Common stock of 2.44% based upon the
stock’s closing price on January 23, 2018.
Republic Bancorp, Inc. (the “Company”) is the parent company of
Republic Bank & Trust Company (the “Bank”).The Bank
currently has 44 full-service banking centers and one loan production
office throughout five states: 32 banking centers in 11 Kentucky
communities - Covington,Elizabethtown, Florence, Frankfort,
Georgetown, Independence, Lexington, Louisville, Owensboro, Shelbyville
and Shepherdsville; three banking centers in southern Indiana – Floyds
Knobs, Jeffersonville and New Albany; six banking centers in five
Florida communities (Tampa MSA) – Largo, Port Richey, St. Petersburg,
Seminole, and Temple Terrace; two banking centers in two Tennessee
communities (Nashville MSA) – Cool Springs (Franklin) and Green Hills
(Nashville) and one loan production office in Brentwood (Nashville); and
one banking center in Norwood (Cincinnati), Ohio. The Bank offers
internet banking at www.republicbank.com.
The Bank also offers separately-branded, nation-wide digital banking at www.mymemorybank.com.
The Company has $5.1 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.®
View source version on businesswire.com: http://www.businesswire.com/news/home/20180124005190/en/
Republic Bancorp, Inc.
Steve Trager, 502-584-3600
Chairman and
Chief Executive Officer
Source: Republic Bancorp, Inc.