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
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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
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News
- Republic Bancorp, Inc. Declares Common Stock DividendsBusiness Wire
- Republic Bancorp, Inc. (NASDAQ: RBCAA) was downgraded by analysts at Hovde Group from an "outperform" rating to a "market perform" rating. They now have a $80.00 price target on the stock, up previously from $78.00.MarketBeat
- Republic Bancorp, Inc. (NASDAQ: RBCAA) had its price target raised by analysts at Hovde Group from $68.00 to $78.00. They now have an "outperform" rating on the stock.MarketBeat
- Republic Bancorp GAAP EPS of $1.37 beats by $0.15, revenue of $65.7M [Seeking Alpha]Seeking Alpha
- Republic Bancorp, Inc. Reports Third Quarter 2024 Net Income of $26.5 Million, a 23% Increase Over the Third Quarter of 2023Business Wire
RBCAA
Sec Filings
- 11/20/24 - Form 8-K
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- RBCAA's page on the SEC website