Brief: Republic Bank Expands Its Cincinnati Footprint With The Acquisition Of Cbank

Republic Bancorp

27/10/2022 11:14

Oct 27 (Reuters) - Republic Bancorp Inc  RBCAA.O :
    * REPUBLIC BANK EXPANDS ITS CINCINNATI FOOTPRINT WITH THE
ACQUISITION OF CBANK
    * REPUBLIC BANCORP INC -  CO WILL ACQUIRE ALL OF CBANK’S
OUTSTANDING COMMON STOCK IN AN ALL-CASH DIRECT MERGER OF CBANK
WITH REPUBLIC BANK
    * REPUBLIC BANCORP INC - PROPOSED DEAL FOR TOTAL CASH
PAYMENT OF
APPROXIMATELY $51 MILLION TO CBANK’S EXISTING SHAREHOLDERS
    * REPUBLIC BANCORP INC -  REPUBLIC EXPECTS TO FUND THE CASH
PAYMENT WITH EXISTING RESOURCES ON HAND AT REPUBLIC BANK

Source text for Eikon: [ID:https://bit.ly/3TVIvA8]
Further company coverage:  RBCAA.O 
 ((Reuters.Briefs@thomsonreuters.com;))