Republic Bancorp completes CBank acquisition for ~$51M cash

REPUBLIC BANCORP INC /KY/

Combined assets would have been ~$6.1B as of Dec 31, 2022.
Acquisition expected to be accretive to diluted EPS within first 12 months post-merger.
Republic now has 7 Cincinnati banking centers, 44 total across 5 states.
Also acquired CIF, expanding equipment financing and leasing with national footprint.
Cash consideration of approximately $51 million.

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