ANN ARBOR, Mich., June 18 /PRNewswire-FirstCall/ -- Republic Bancorp Inc.
(Nasdaq: RBNC) today announced that its Board of Directors declared an $.11
per share cash dividend to shareholders of record as of September 10, 2004 and
payable October 4, 2004. This represents a 16% increase from the most recent
cash dividend of $.095 per share that will be paid on July 6, 2004.
"This is the 12th consecutive year that we have increased our cash
dividend," commented Dana M. Cluckey, President and Chief Executive Officer.
"Republic's history of cash and stock dividends reflects our steadfast
commitment to increasing shareholder value," added Mr. Cluckey.
Republic Bancorp Inc., with $5.6 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 94 retail, commercial and
mortgage banking offices and 89 ATMs. The Company is the #1 Small Business
Administration bank lender based in Michigan for the 10th consecutive year and
one of the Midwest's top ten retail mortgage lenders. Republic was named as
the 5th Best Company to Work For by FORTUNE magazine (marking the fourth 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" three years 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, tmenacher@republicbancorp.com , or Kristine D. Brenner,
Director of Investor Relations, kbrenner@republicbancorp.com, of
Republic Bancorp Inc., +1-989-725-7337
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