# EDGAR Filing Document

**Accession Number:** 0000921557
**File Stem:** 0001157523-23-000441
**Filing Date:** 2023-3
**Character Count:** 13056
**Document Hash:** 287a760d16ce5ce276a6b46d8d1bfd7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001157523-23-000441.hdr.sgml**: 20230315

**ACCESSION NUMBER**: 0001157523-23-000441

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230315

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230315

**DATE AS OF CHANGE**: 20230315

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REPUBLIC BANCORP INC /KY/
- **CENTRAL INDEX KEY:** 0000921557
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 610862051
- **STATE OF INCORPORATION:** KY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-24649
- **FILM NUMBER:** 23736173

**BUSINESS ADDRESS:**
- **STREET 1:** REPUBLIC CORPORATE CENTER
- **STREET 2:** 601 WEST MARKET ST
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40202
- **BUSINESS PHONE:** 5025843600

**MAIL ADDRESS:**
- **STREET 1:** 601 W MARKET ST
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40202

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): <u>March 15, 2023</u>

### REPUBLIC BANCORP, INC.
(Exact name of registrant as specified in its charter)

<u>Kentucky</u> <br> <u>0-24649</u> <u>61-0862051</u> <br>(State or other jurisdiction (Commission File Number) (I.R.S. Employer Identification No.) <br> of incorporation)

<u>601 West Market Street, Louisville, Kentucky</u> <u>40202</u> <br>(Address of principal executive offices) (zip code)

Registrant's telephone number, including area code: <u>(502) 584-3600</u>

<u>NOT APPLICABLE</u>

(Former Name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

<u> Title of each class </u> <u> Trading Symbol </u> <u> Name of each exchange on which registered </u> <br> <u> Class A Common </u> <u> RBCAA </u> <u> The Nasdaq Stock Market </u>

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 7.01. &nbsp;&nbsp;&nbsp;&nbsp; REGULATION FD DISCLOSURE**

On March 15, 2023, Republic Bancorp, Inc. reported that its previously announced acquisition of CBank ("CBank"), an Ohio Banking Corporation, headquartered in Cincinnati, Ohio, was complete. A public announcement was made by means of a news release, the text of which is set forth in Exhibit 99.1 hereto.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FINANCIAL STATEMENTS AND EXHIBITS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d) Exhibits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Exhibit No.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99.1 Republic Bancorp, Inc. Press Release dated March 15, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104 Cover Page Interactive Data File (formatted as Inline XBRL).

#### Forward-Looking Statements
*Exhibit 99.1 contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations and assumptions regarding our business, the acquired business of CBank and its affiliates, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you, therefore, against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the ability to retain and grow CBank loan and deposit balances post-merger, unanticipated post-merger loan losses for Republic on CBank-originated loans, the ability of Republic to integrate acquired operations including obtaining synergies, integration objectives and anticipated timelines, the ability of Republic to integrate, manage and keep secure our information systems, and other factors set forth as "Risk Factors" at Part I, Item 1A. in the Company's Annual Report on Form 10-K for the period ended December 31, 2022, which has been filed with the Securities and Exchange Commission and is available on Republic's website (www.republicbank.com) and on the Securities and Exchange Commission's website (www.sec.gov).*

*Any forward-looking statement made by us in Exhibit 99.1 speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.*

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  |  | <u>Republic Bancorp, Inc.</u> |
|  |  | (Registrant) |
| Date: March 15, 2023 | By: | <u>/s/ Kevin Sipes</u> |
|  |  | Kevin Sipes |
|  |  | Executive Vice President, Chief Financial<br> Officer & Chief Accounting Officer |

---

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EXHIBIT INDEX

<u>Exhibit No</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description of Exhibit</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

[99.1](a53362686ex99_1.htm)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Press Release dated March 15, 2023.](a53362686ex99_1.htm)

## Exhibit 99.1

**Exhibit 99.1**<br>

**** 

<br> # **Republic Bank Completes Acquisition of CBank** 
LOUISVILLE, Ky.--(BUSINESS WIRE)--March 15, 2023--Republic Bancorp, Inc. (NASDAQ: RBCAA) ("Republic" or the "Company"), the parent company of Republic Bank & Trust Company ("Republic Bank" or the "Bank"), is pleased to announce the Bank has completed its previously announced merger with CBank and CBank's wholly owned subsidiary, Commercial Industrial Finance, Inc. ("CIF"), for approximately $51 million in cash.

"We are excited about our further expansion into the Cincinnati area and the long-term value the CBank merger presents to our shareholders. Combining CBank's strength in commercial lending and private banking with Republic's capital and resources is a gain for the combined organization's clients and associates," said Logan Pichel, Republic Bank President & CEO. "In addition, the acquisition of CIF greatly expands our existing equipment financing and leasing operations and provides a national footprint for these services."

"The CBank team is so pleased to join forces with Republic Bank — one of the most reputable financial institutions in this region — to expand offerings and enhance the banking experience for our combined current and prospective customers," said CBank's CEO, Dean Meiszer.

Republic Bank's Cincinnati/Northern Kentucky Market President, Tom Saelinger, believes this new business combination will benefit not only customers but also the entire community. "Republic Bank's commitment and success in the region is a source of pride for lifelong natives, like me. I'm confident that working with CBank's experienced team of bankers will further the momentum we've developed in the Greater Cincinnati area and allow us to make even more of an economic impact."

As of December 31, 2022, the combined assets of CBank and Republic would have been approximately $6.1 billion. The merger is expected to be accretive to Republic's Diluted Earnings per Class A Common share during the first twelve months, post-merger. With the completion of the merger, Republic Bank now has seven banking centers in the Cincinnati metropolitan area and 44 banking centers throughout Republic's entire network in five states.

 **About Republic Bank**

Republic Bancorp, Inc. (the "Company") is the parent company of Republic Bank & Trust Company (the "Bank"). The Bank currently has 44 full-service banking centers throughout five states: 29 banking centers in nine Kentucky communities – Bellevue, Covington, Crestview Hills, Florence, Georgetown, Lexington, Louisville, Shelbyville, and Shepherdsville; three banking centers in southern Indiana – Floyds Knobs, Jeffersonville, and New Albany; seven banking centers in six Florida communities (Tampa MSA) – Largo, New Port Richey, St. Petersburg, Seminole, Tampa, and Temple Terrace; two banking centers in two Tennessee communities (Nashville MSA) – Cool Springs and Green Hills; and three banking centers in three Ohio communities (Cincinnati MSA) – Kenwood, Norwood and West Chester. The Bank offers internet banking at www.republicbank.com. The Company is headquartered in Louisville, Kentucky and, as of December 31, 2022, had approximately $5.8 billion in total assets. The Company's Class A Common Stock is listed under the symbol "RBCAA" on the NASDAQ Global Select Market.

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 ***Forward-Looking Statements***

 *This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in the preceding paragraphs are based on our current expectations and assumptions regarding our business, the acquired business of CBank and its affiliates, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you, therefore, against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the ability to retain and grow CBank loan and deposit balances post-merger, unanticipated post-merger loan losses for Republic on CBank-originated loans, the ability of Republic to integrate acquired operations including obtaining synergies, integration objectives and anticipated timelines, the ability of Republic to integrate, manage and keep secure our information systems, and other factors set forth as "Risk Factors" at Part II, Item 1A in the Company's Form 10-K for the period ended December 31, 2022, which has been filed with the Securities and Exchange Commission and is available on Republic's website (www.republicbank.com) and on the Securities and Exchange Commission's website (www.sec.gov).*

 *Any forward-looking statement made by us in this Press Release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.*

 **Republic Bank. It's just easier here.®**

## Contacts
Jim Ensign, Senior Vice President & Chief Brand Officer <br> (502) 584-3600