Republic Bancorp Sells Republic Bank Finance Assets to CAN Capital Merchant Services
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Republic Bank & Trust Company, a subsidiary of Republic Bancorp Inc., is selling its Republic Bank Finance assets to CAN Capital Merchant Services. The deal includes $80 million in loans and leases and $3 million in liabilities. CAN Capital will take over operations, with the transaction expected to close in Q1 2026, resulting in a $6 million net gain for Republic Bank. The purchase price is based on net book value plus a fixed premium.
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