Republic Bank

Overview / Commentary
601 West Market Street
Louisville, KY 40202

Republic Bank is headquartered in LOUISVILLE and is the 2nd largest bank in the state of Kentucky. It is also the 216th largest bank in the nation. It was established in 1982 and as of March of 2024, it had grown to 1,011 employees at 48 locations. Republic Bank's CD rates are 5X the national average, and it boasts an A+ health rating.

Reviews (6)

Cornerstone bank - Helping nonprofits succeed

My Boy Scout Troop started banking with Cornerstone Community Bank about 15 years ago. They were an absolutely wonderful bank and helped us so many times. They waived all of our fees because were a nonprofit entity and wanted to ensure that we got every penny that our boys fund raised for. Customer service at the branches was always impeccable. They knew my name every time I walked in my little bucket of singles and change from our fundrasiers. They always had fresh cookies and coffee in the lobby for all their customers. Every time I needed a statement printed or an extra deposit slip, they would help without bating an eye. Back in 2015/2016 they ended up being taken over by Republic Bank. Unfortunately for us, Republic didn't have the same set of principles that Cornerstone had. Once they took over, they introduced these outlandish fees and made it impossible for us to stay with them. They weren't willing to work with us. It seemed all they cared about was the almighty dollar and not their community. We ended up closing our accounts and moving onto another bank. I really do miss Cornerstone and their awesome workers, they were like a little family

Not Sending My Money Back To IRS

Posted by: |

place is a joke you get my money from trump I should have received it by now no one to talk to haven't got my money like something needs to be done what you should have done was send it back to IRS like everyone else did and I would have gotten it by now because now you don't put it in my account but I got my taxes like this is crazy and the worse bank

Terrible Customer Service

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Overdrafted from fraud charges while out of town on a business trip. Investigation could take up to 10 days, offered no alternatives and told me to borrow money from someone.

No Longer A Local Community Bank: Poor Customer Svc And Slow/Inconsistent Underwriting

Republic Bank and Trust acquired my local community bank in Florida a little over a year ago, and customer service has continually declined ever since. There are no decision-makers on site in Florida - all underwriting and decision making is done by Headquarters in Kentucky. This results in delays and inconsistencies between what the staff (even at a very senior level) tells you at the branch, and what eventually comes down from Kentucky. It's no longer a community bank where you can get a straight answer on something and trust what the staff tells you.

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

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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 - YTD1.82%
Return on Equity - YTD13.83%
Annual Interest Income$130.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$6.87B$6.06B
LoansQ1 2024vs Q1 2023$5.22B$4.7B
DepositsQ1 2024vs Q1 2023$5.46B$4.84B
Equity CapitalQ1 2024vs Q1 2023$895.7MM$839.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$108.7MM$96.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$21.4MM$16.6MM
Real Estate OwnedQ1 2024vs Q1 2023$1.5MM$1.5MM
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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

0.35%$0-Advantage Savings
0.25%$0-Easy Savings

Republic Bank Money Market Rates

3.00%*$1.5m*-Commercial Money Market Max
OTHER TIERS: 1.00% $0 - $50k | 1.25% $50k - $100k | 2.00% $100k - $1.5m
0.45%*$500k*-Business Money Market Account
OTHER TIERS: 0.35% $0 - $100k | 0.40% $100k - $500k
0.35%$0-Money Market Account

Republic Bank Checking Account Rates

0.40%$0-Pinnacle Checking
0.10%$0-Flex Checking

Republic Bank CD Rates

4.50%$1k-11 Month CD
4.50%$1k-Business 11 Month CD
4.25%$1k$5m12 Month CD
4.25%$1k$5mBusiness 12 Month CD
4.00%$1k-60 Month CD
4.00%$1k-Business 60 Month CD
3.75%$1k-48 Month CD
3.75%$1k-Business 48 Month CD
3.50%$1k-36 Month CD
3.50%$1k-Business 36 Month CD
3.50%$1k$2m15 Month CD
3.50%$1k$2mBusiness 15 Month CD
2.75%$1k-24 Month CD
2.75%$1k-Business 24 Month CD
2.65%$1k-18 Month CD
2.65%$1k-Business 18 Month CD
2.00%$1k-6 Month CD
2.00%$1k-Business 6 Month CD

Republic Bank IRA Rates

4.50%$1k-11 Month IRA
4.00%$1k-60 Month IRA
3.75%$1k-48 Month IRA
3.50%$1k-36 Month IRA
3.50%$1k$5m15 Month IRA
2.75%$1k-24 Month IRA
2.65%$1k-18 Month IRA
2.00%$1k-6 Month IRA
1.25%$1k-12 Month IRA


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