Republic Bancorp dismisses Crowe, appoints FORVIS as auditor; discloses prior material weaknesses

REPUBLIC BANCORP INC /KY/

Dismissed Crowe LLP effective March 14, 2024, upon completion of FY2023 audit and 10-K filing.
Appointed FORVIS as new independent auditor for FY2024, effective immediately.
Disclosed three material weaknesses in internal control related to Republic Credit Solutions, reconciliation, and yield analysis; previously reported.
Management concluded internal control over financial reporting effective as of Dec 31, 2023 after remediation.
No disagreements with Crowe on accounting principles; Crowe's report unqualified for FY2023 and 2022.

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