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601 West Market Street
Louisville, KY 40202

Republic Bank is headquartered in Louisville and is the largest bank in the state of Kentucky. It is also the 218th largest bank in the nation. It was established in 1982 and as of March of 2017, it had grown to 973 employees at 46 locations. Republic Bank's CD rates are 11% higher than the national average, and it boasts an A+ health rating.

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Reviews (2)

Beware Of This Bank's CD Practices

In April 2011, after shopping for a good national rate on a 3-year CD, we opened a jumbo CD with a bank in Tennessee. The APY was 2.15%.

Approximately 8 months later, Republic Bank acquired the Tennessee bank and changed the rate from a nationally competitive 2.15% to an abysmal .05% (for a 3-year CD). They claim to have sent out a notice of the rate change but all we received was a letter in June 2012, which five months after the acquisition, informing us of the change in the account no.

In February 2013, we received a notice from Republic stating that "we have attempted to reach you and provide you with important information regarding you deposit account(s); however, we haven't heard from you." The notice did not provide the important information and only instructed usto sign and return the form before 7/27/13 to certify the account. I did so on 2/27/13 via a scanned copy as an attachment to an email, requesting information about the account. We received an email reply later that day that simply said: "We have received your request. It has been sent for processing." Again, there was no information about any change in the APY.

Upon maturity, the bank not only made it cumbersome to close the account and get our proceeds but also and far more importantly only provided the proceeds at the abysmal rate, which was a difference of thousands of dollars.

When we contacted the bank, the general counsel informed us that all the bank had to do was send out a general notice, not to exhibit due diligence that we received it. As for the communications about the "important information," he again disclaimed any responsibility.

If he's correct that this practice is legally allowed, it is nevertheless obvious that the bank exploited the situation to make significant financial gains at the expense of its clients.

We advise you to avoid opening a CD or otherwise trusting this bank to exhibit client-friendly practices.

Republic Bank No Common Sense

Posted by: RK | May 7, 2013

I thought it was common knowledge that Becky was short for Rebecca, however Republic Bank rejected a mobile deposit of $41.00 because a check was made out to Becky Doe and Rebecca Doe was the name on the account. If someone was going to steal a check would they deposit it into their account? The same thing I asked when they rejected another check because the endorser of the check had corrected and initial the correction on a check......  When they backed it out they backed it out of the wrong account and charged me service and over draft fees. After I called it to their attention, they did correct this.When I go into the bank they call me Becky. When I called about the mobile deposit they said they recommend that I keep a check for 30 days after using mobile deposit. I feel that should be mentioned HIGHLITED and IN BOLD LETTERS in their ad and policy disclaimer for mobile deposit However thiis does void the convenience of mobile deposit, not to mention most of the people who write me a check do not want me to have their account info. for 30 days. I really don't want to be responsible to keep their banking information this long. I am sticking with Kentucky Bank. The hassel is not worth the convenience of banking in Lexington.


Health Grade Components

FDIC Certificate #23627
Year Established1982
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.7%
Return on Equity - YTD14.59%
Annual Interest Income$60.8MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$4.66B$4.24B
LoansQ1 2017vs Q1 2016$3.68B$3.33B
DepositsQ1 2017vs Q1 2016$3.44B$2.87B
Equity CapitalQ1 2017vs Q1 2016$558.4MM$494.1MM
Loan Loss AllowanceQ1 2017vs Q1 2016$42.4MM$31.5MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$17.0MM$19.9MM
Real Estate OwnedQ1 2017vs Q1 2016$1.4MM$1.3MM
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Always verify rates and promotions with the bank or credit union. We are not Republic Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Republic Bank Savings Account Rates

0.08%*$5k*-Advantage Savings
OTHER TIERS: 0.05% Up to $5k
0.02%--Young Savers
0.02%$100-Easy Savings

Republic Bank Money Market Rates

0.08%--Business Money Market Select
0.05%*$50k*-Money Market Account
OTHER TIERS: 0.02% Up to $50k
0.05%*$50k*-Business Money Market Account
OTHER TIERS: 0.02% Up to $50k

Republic Bank Checking Account Rates

0.08%*$15k*-Pinnacle Checking
OTHER TIERS: 0.05% Up to $15k
0.05%--Premier Checking
0.05%--Advantage Checking

Republic Bank CD Rates

2.10%$1k-60 Month CD
2.10%$1k$1mBusiness 60 Month CD
2.00%$1k-36 Month CD
2.00%$1k-Business 36 Month CD
1.00%$1k-12 Month CD
1.00%$1k$1mBusiness 12 Month CD

Republic Bank IRA Rates

2.10%$1k-60 Month IRA
2.00%$1k-36 Month IRA
1.00%$1k-12 Month IRA

Republic Bank has 45 locations. Click to view all Republic Bank locations.