secwatch.observer — SEC 8-K summary
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Issuer:     REPUBLIC BANCORP INC /KY/ (RBCAA)
CIK:        0000921557
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001104659-25-123801
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Republic Bancorp sells $80M RBF loan portfolio to CAN Capital; expects $6M gain
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- Asset purchase agreement with CAN Capital Merchant Services for substantially all RBF assets: ~$80M loans/leases and ~$3M liabilities.
- Bank expects to record a gain, net of broker commissions, of approximately $6 million.
- Transaction includes a fixed premium above net book value; CAN assumes all ongoing RBF operations.
- Closing expected in Q1 2026, subject to customary conditions and CAN obtaining financing.
- RBF is a small-ticket finance division acquired in March 2023 CBank deal; based in St. Louis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921557/000110465925123801/0001104659-25-123801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921557/000110465925123801/rbcaa-20251219x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-123801

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