ANN ARBOR, Mich., Nov. 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 December 10, 2004 and
payable January 4, 2005. Combined with the 10% stock dividend announced in
October 2004 and the 16% increase in the cash dividend announced in June 2004,
the Company's cash dividend has increased 26%.
Republic Bancorp Inc., with $5.8 billion in assets, is the third largest
bank holding company headquartered in Michigan and the 79th 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. Republic has been the #1 Small Business
Administration bank lender based in Michigan for 10 years 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" 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 , or
Kristine D. Brenner, Director of Investor Relations,
+1-989-725-7337, kbrenner@republicbancorp.com , both of Republic
Bancorp Inc.
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