ANN ARBOR, Mich., March 16 /PRNewswire-FirstCall/ -- Republic Bancorp Inc.
(Nasdaq: RBNC) today announced that Republic Bank was recently named the
Preferred Lender of the Year by the Small Business Administration (SBA). The
recognition is awarded to the lender that approves the most PLP (Preferred
Lender Program) loans during the SBA fiscal year, which ended September 30,
2005.
"We are proud of our continued success as an SBA Preferred Lender and are
honored with this recognition. Our loan officers understand the benefits of
providing SBA loans to not only satisfy the borrowing needs of our customers,
but also to strengthen the communities in which they live and work," said
Richard D. Bailey, President of Commercial Banking.
Thomas G. Zernick, Republic Bank President of SBA Lending, commented that
"It's very exciting to be recognized as the number one SBA PLP lender in the
State of Michigan. As a Preferred Lender, Republic Bank enjoys delegated
underwriting authority from the SBA, which allows us to make credit decisions
on behalf of the Agency. This authority makes getting an SBA loan from
Republic Bank a streamlined and transparent experience for our borrowers."
Republic Bancorp Inc., with $6.1 billion in assets, is the third largest
bank holding company headquartered in Michigan and 79th largest bank holding
company in the country. Its subsidiary, Republic Bank, serves customers in
Michigan, Ohio and Indiana with 93 retail, commercial and mortgage banking
offices and 91 ATMs. Republic has consistently been the #1 Small Business
Administration bank lender based in Michigan and one of the Midwest's top
retail mortgage lenders. Republic was named as the 17th Best Company to Work
For by FORTUNE magazine (marking the sixth year on FORTUNE's "100 Best
Companies to Work For" list) and named to Working Mother magazine's list of
"100 Best Companies for Working Mothers" for the fifth year.
Information about Republic Bancorp Inc.'s financial results and its
products and services, including on-line banking and mortgage applications,
can be accessed at http://www.republicbancorp.com .
SOURCE Republic Bancorp Inc.
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Related links:
http://www.republicbancorp.com
CONTACT:
Richard D. Bailey, President, Commercial
Banking, +1-517-483-6754, ribailey@republicbk.com , Thomas G.
Zernick, President of SBA Lending, +1-517-483-6702,
tzernick@republicbk.com , or Kristine D. Brenner, Director of
Investor Relations, +1-989-725-7337, kbrenner@republicbancorp.com
, all of Republic Bancorp Inc.
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