EXHIBIT 99.1
May 16, 2007
Contact: | Steve Trager |
| President and CEO |
| |
Release: | Immediately |
Republic Bancorp, Inc. Declares
Common Stock Dividends
LOUISVILLE, KY — Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company and Republic Bank, today announced a 17% increase in the Company’s second quarter cash dividend. The cash dividend of $0.11 per share of Class A Common Stock and $0.10 per share on Class B Common Stock will be payable July 20, 2007 to shareholders of record as of June 15, 2007.
“We are pleased that we are once again able to provide a greater cash return to our shareholders through an increased quarterly dividend. As a Company we remain unwavering in our commitment to finding new and innovative products and services which will allow us to continue to provide greater returns such as this to our shareholders,” commented Steve Trager, President & CEO for Republic.
Republic Bancorp, Inc. (Republic) has 38 banking centers and is the parent company of: Republic Bank & Trust Company with 34 banking centers in ten Kentucky communities — Bowling Green, Covington, Elizabethtown, Fort Wright, Frankfort, Georgetown, Lexington, Louisville, Owensboro, and Shelbyville and two banking centers in Jeffersonville and New Albany, Indiana. Republic Bank has two banking centers in Port Richey and New Port Richey, Florida. Republic Bank & Trust Company operates two Republic Finance offices in Louisville, as well as Tax Refund Solutions, a nationwide tax refund loan and check provider. Republic Bank offers internet banking at www.republicbank.com. Republic has $3.0 billion in assets and $1 billion in trust assets under custody and management. Republic is headquartered in Louisville, Kentucky, and Republic Class A Common Stock is listed under the symbol ‘RBCAA’ on the NASDAQ Global Select Market.
