Republic Bank Completes Merger With Commercial Industrial Finance, Rebrands Division as Republic Bank Finance
05 Julho 2023 - 11:40AM
Business Wire
St. Louis-based Commercial Industrial Finance, Inc. (“CIF”)
became Republic Bank Finance effective July 1, 2023, coinciding
with the final merger of the two companies. CIF was acquired by
Republic Bank & Trust Company (“Republic Bank” or the “Bank”)
and its parent company Republic Bancorp, Inc. (NASDAQ: RBCAA)
(“Republic”), on March 15, 2023, as part of the acquisition of
CIF’s former parent company, CBank.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230705453740/en/
Commercial Industrial Finance (CIF) has
been rebranded Republic Bank Finance
Republic Bank Finance is now a division of Republic Bank &
Trust Company and will build on CIF’s history as a direct provider
of equipment finance and leasing solutions to companies of all
sizes and in various industries nationwide.
Services offered by Republic Bank Finance include customized
vendor solutions for manufacturers and dealers for acquisition of
equipment by their customers; consulting with manufacturers and
dealers to develop new solutions and service to increase sales
profitably; and specialty services in energy, manufacturing,
healthcare and transportation industries.
Scott Hawkins will serve as President of Republic Bank Finance,
continuing his leadership of the St. Louis-based division.
“When you combine the 30 years of experience that Scott and his
team of veteran finance professionals bring with Republic Bank’s
more than 40 years of providing exceptional financial customer
service, you create a truly powerful resource for companies seeking
sustainable growth,” said Andy Powell, Republic Bank Chief Lending
Officer.
At the time of the merger all CIF employees became Republic Bank
Finance employees.
“This merger expands our capital and resources allowing us to
better serve current and future customers,” said Scott Hawkins.
“Republic Bank’s culture is completely aligned with our focus on
exceptional customer service and creating new opportunities for our
customers and employees to grow.”
Scott Hawkins will be part of Republic’s multi-faceted
commercial and corporate lending programs, reporting to Powell.
About Republic Bank
Republic Bancorp, Inc. (the “Company”) is the parent company of
Republic Bank & Trust Company (the “Bank”). The Bank currently
has 45 banking centers in communities in four metropolitan
statistical areas (“MSAs”) across five states: 22 banking centers
located in the Louisville MSA in Louisville, Prospect, Shelbyville,
and Shepherdsville in Kentucky, and Floyds Knobs, Jeffersonville,
and New Albany in Indiana; six centers in the Lexington MSA in
Georgetown and Lexington in Kentucky; eight banking centers in the
Cincinnati MSA in Kenwood, Norwood and West Chester in Ohio, and
Bellevue, Covington, Crestview Hills, and Florence in Kentucky;
seven centers in the Tampa MSA in Largo, New Port Richey, St.
Petersburg, Seminole, Tampa, and Temple Terrace in Florida; and two
banking centers in the Nashville MSA in Cool Springs and Green
Hills, Tennessee. In addition, the Bank has one loan production
office located in St. Louis, Missouri. The Bank offers internet
banking at www.republicbank.com. The Company has approximately $6.1
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: https://www.businesswire.com/news/home/20230705453740/en/
Jim Ensign, Senior Vice President & Chief Brand Officer
(502) 584-3600
Republic Bancorp (NASDAQ:RBCAA)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Republic Bancorp (NASDAQ:RBCAA)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024