Republic Bancorp, Inc. is a bank holding company that is headquartered in Louisville, Kentucky. The business is listed as a publicly traded company on the NASDAQ. Common shares of the business are marketed using the ticker symbol RBCAA. The business operates as the parent company of the Republic Bank & Trust Company and the Republic Insurance Services, Inc.
It was in 1977 that the business got established after it acquired an 80-year old bank, the Republic Bank of Shelby County. In 1982, the business revamped its organization and created the Republic Bank & Trust Company. The company’s growth is strongly attributed to its aggressive take in acquiring competing brand names in the communities it thrives in. The bank operates in four reporting segments, namely Traditional Banking, Mortgage Banking, Republic Processing Group (RPG) and Warehouse Lending. The bank is known for being one of the “happy banks” in Kentucky, where every customer is served with a smile.
The Traditional Banking segment offers a wide array of banking services to their consumers, which include customers, businesses and institutions. The operations of this segment cover areas in Florida, Kentucky and in Ohio. They maintain several banking offices that are manned by the best associates who continue to highlight the company’s level of customer service. The Mortgage Banking unit of the company engages in the servicing of single family and first lien residential real estate loans. The RPG division offers general purpose reloadable prepaid debit cards that are offered through third party program managers. The Warehouse Lending segment provides short-term, revolving credit facilities.The offerings of this segment benefit mortgage bankers across the country.
Republic Bancorp is one of the banking companies that are insured by the Federal Deposit Insurance Corporation (FDIC). The company is one of the components of the Wilshire 5000 Index.
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