ANN ARBOR, Mich., April 27 /PRNewswire-FirstCall/ -- Republic Bancorp Inc.
(Nasdaq: RBNC), today announced that shareholders of the Company approved the
election of all nominees for directors as follows: Jerry D. Campbell,
Chairman of the Board, George J. Butvilas, Vice Chairman of the Board, Dana M.
Cluckey, Richard J. Cramer, Sr., Barry J. Eckhold, Gary Hurand, Dennis J.
Ibold, Stanley A. Jacobson, John J. Lennon, Kelly E. Miller, Randolph P.
Piper, Dr. Isaac J. Powell, William C. Rands III, Dr. Jeoffrey K. Stross, and
Steven E. Zack.
Shareholders also approved the amendment to Article III of the articles of
incorporation to increase the total authorized common stock of Republic from
75,000,000 shares to 100,000,000 shares.
Also, the Board of Directors declared an $.11 per share cash dividend to
shareholders of record as of June 10, 2005 and payable July 5, 2005.
Republic Bancorp Inc., with $5.9 billion in assets, is the third largest
bank holding company headquartered in Michigan and the 81st largest bank
holding company in the country. Its subsidiary, Republic Bank, serves
customers in Michigan, Ohio and Indiana with 95 retail, commercial and
mortgage banking offices and 90 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 3rd Best
Company to Work For by FORTUNE magazine (marking the fifth year on FORTUNE's
"100 Best Companies to Work For") and named to Working Mother magazine's list
of "100 Best Companies for Working Mothers" for the fourth year in a row.
Information about Republic Bancorp Inc.'s financial results and its
products and services, including on-line mortgage applications and its
Internet banking system, ExpressNet, can be accessed at
http://www.republicbancorp.com .
SOURCE Republic Bancorp Inc.
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Related links:
http://www.republicbancorp.com
CONTACT:
Thomas F. Menacher, Executive V.P., Treasurer
& CFO, +1-989-725-7337, tmenacher@republicbancorp.com , Kristine
D. Brenner, Director of Investor Relations, +1-989-725-7337,
kbrenner@republicbancorp.com , both of Republic Bancorp Inc.
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