Corporate Profile

Republic Bancorp Inc., one of the nation’s fastest growing regional bank holding companies specializing in personalized service and commercial, consumer and mortgage lending, is the 4th largest bank holding company based in Michigan and one of the top 100 banks in the country. Republic also ranks as one of the 20 top retail mortgage lenders nationally.

The Company provides commercial, home equity and other consumer loans, deposit products and retail banking services through 87 retail bank branches located in Michigan, Ohio and Indiana. Republic offers residential mortgage and construction loans to homebuyers through our nationwide mortgage origination network of 178 offices in 22 states. We also accept on-line mortgage applications at www.republicbancorp.com and www.buyersdirectmortgage.com.

Shareholder Highlights for 1999

• Operating earnings per share increased 15% to $99.
• Record net operating income of $45.1 million, increase of 16%.
• Return on average equity was 17.07%.
• Merged with D&N Financial Corporation in May, doubling our asset size.
• In December 1999, Republic Bancorp declared a 10% stock dividend for the 14th year in a row.
• Republic was named the 25th Best Place to Work in America by Fortune.
• Republic was named one of Michigan’s 10 Best Places to Work by Crain’s Detroit Business.
• Republic was named one of Michigan’s Top 10 Public Companies by Crain’s Detroit Business, Raymond James & Associates and WWJ Newsradio 950.
• Republic Bank was named the No. 1 Small Business Administration (SBA) lender in Michigan for the sixth consecutive year.