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Republic Bank Named a Best Bank in America by Newsweek

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Republic Bank & Trust Company has been recognized as the Best Bank in Kentucky for institutions with assets up to $10 billion in Newsweek’s annual rankings. This accolade reflects the bank's commitment to community-focused banking and its efforts to provide accessible services to underserved communities. Earlier in the year, Republic led a partnership to fill a $10 million funding gap for a health facility in West Louisville. The bank, with approximately $6.2 billion in assets, operates 42 banking centers across five states.

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  • Recognized as Best Bank in Kentucky by Newsweek for assets up to $10 billion.
  • Led a unique partnership to fund a $10 million health facility in West Louisville.
  • Operates 42 full-service banking centers across five states.
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LOUISVILLE, Ky.--(BUSINESS WIRE)-- Republic Bank & Trust Company (“Republic” or the “Bank”) has been named Best Bank in Kentucky with assets up to $10 billion in Newsweek’s annual rankings, America’s Best Banks 2022.

(Graphic: Business Wire)

(Graphic: Business Wire)

“We are thrilled to be recognized by Newsweek,” Republic Bank President and CEO Logan Pichel said. “This reflects the great work happening in all areas of the bank. Our people, from our associates to the customers we serve, are the reason we’re at the top of the list and I’m so proud of our entire team for making this recognition possible.”

Newsweek and Lending Tree, the online marketplace and comparison site for financial services, partnered to assess more than 2,500 financial intuitions on more than 30 factors, including overall health of the bank, customer service performance, digital and branch presence, account and loan options, interest rate offerings and fees.

“As a community bank, we are deeply invested in the communities where we do business,” said Pichel. “From online banking experiences that meet or exceed what the large national banks offer to initiatives that support underserved communities, we’re committed to making our banking products and services accessible for everyone and our communities stronger.”

Earlier this year, Republic led a unique bank loan partnership to support the Louisville Urban League’s West Louisville health and wellness facility. The initiative brought competitor financial institutions together for a common cause and filled the $10 million gap to fund the facility.

This latest community loan builds upon other significant lending and investment initiatives by Louisville’s banking community to support underserved communities. For Republic, recent examples include the $3 million Community Loan Fund, launched in 2020 to support small businesses and promote business development and job creation in low-to-moderate income communities, and the $28 million Republic Bank Foundation YMCA in West Louisville.

For more information or to view the complete list, visit https://www.newsweek.com/americas-best-banks-2022/best-small-banks-state.

About Republic Bank
Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 42 full-service banking centers throughout five states: twenty-eight banking centers in eight Kentucky communities – Covington, Crestview Hills, Florence, Georgetown, Lexington, Louisville, Shelbyville, and Shepherdsville; three banking centers in southern IndianaFloyds Knobs, Jeffersonville, and New Albany; seven banking centers in six Florida communities (Tampa MSA) – Largo, New Port Richey, St. Petersburg, Seminole, Tampa, and Temple Terrace; two banking centers in two Tennessee communities (Nashville MSA) – Cool Springs and Green Hills; and two banking centers in two Ohio communities (Cincinnati MSA) – Norwood and West Chester. The Bank offers internet banking at www.republicbank.com. The Company has approximately $6.2 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.

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Source: Republic Bancorp, Inc.

FAQ

What did the latest press release about RBCAA report?

The press release highlights Republic Bank being named Best Bank in Kentucky by Newsweek, emphasizing its community-focused initiatives.

How did Republic Bank contribute to community wellness in Kentucky?

Republic Bank led a partnership to fill a $10 million funding gap for a health and wellness facility in West Louisville.

What are the assets of Republic Bank as reported in the press release?

Republic Bank has approximately $6.2 billion in assets, as mentioned in the press release.

When was Republic Bank awarded the Best Bank in Kentucky title?

The award was reported in a recent press release but was based on assessments from earlier in the year.

What is the stock symbol for Republic Bank?

The stock symbol for Republic Bank is RBCAA, listed on the NASDAQ Global Select Market.

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United States of America
LOUISVILLE