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Stock impact report

Republic Bank & Trust Company Announces an Agreement to Sell its Owensboro, Elizabethtown and Frankfort Banking Centers to Limestone Bank

Republic Bancorp, Inc. - Class A (RBCAA) 
Last republic bancorp, inc. - class a earnings: 10/20 08:05 am Check Earnings Report
US:NASDAQ Investor Relations: investors.myrepublicbank.com
Company Research Source: Business Wire
LOUISVILLE, Ky.--(BUSINESS WIRE)--Republic Bank & Trust Company (“Republic Bank”), a subsidiary of Republic Bancorp, Inc. (NASDAQ: RBCAA) (“Republic”), has entered into a definitive agreement to sell its four banking centers located in the Kentucky cities of Owensboro, Elizabethtown and Frankfort to Limestone Bank (“Limestone”), a subsidiary of Limestone Bancorp, Inc. (NASDAQ: LMST).The agreement provides that Limestone will acquire loans, including credit cards, with balances of approximately $112 million as of June 30, 2019, and assume deposits with balances of approximately $153 million as of the same date, associated with the four banking centers. In addition, Limestone will acquire substantially all the fixed assets of these locations, which have a book value of $1.3 million as of June 30, 2019. Based on the current deposits, the all-in blended premium for the transaction is expected to be near 6% of the total deposits transferred. The final calculated premium will be primari Show less Read more
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