.
                                                                               .
                                                                               .

                      SUBSIDIARIES OF THE COMPANY                     EXHIBIT 21



                                                                                        STATE OF
                                                                     PERCENTAGE OF   INCORPORATION OR
       PARENT                         SUBSIDIARY                       OWNERSHIP       ORGANIZATION
- ---------------------  --------------------------------------------  -------------   ----------------
                                                                            
Republic Bancorp Inc.  Republic Bank                                   100%            Michigan

Republic Bancorp Inc.  Republic Capital Trust I                        100%            Delaware

Republic Bank          Quincy Investment Services, Inc., A Licensed    100%            Delaware
                       Insurance Agency

Republic Bank          Republic Management Company, Inc.               100%            Michigan

Republic Bank          Republic Bank Real Estate Finance, LLC           99% (1)        Michigan


- ----------
(1) Republic Management Company, Inc. owns 1% of Republic Bank Real Estate
Finance, LLC.