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502-584-3600
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 211th largest bank in the nation. It was established in 1982 and as of June of 2017, it had grown to 976 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 (3)

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

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
A+

Health Grade Components

Overall
FDIC Certificate #23627
Year Established1982
Employees976
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.25%
Return on Equity - YTD10.83%
Annual Interest Income$108.6MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$4.95B$4.64B
LoansQ2 2017vs Q2 2016$3.89B$3.76B
DepositsQ2 2017vs Q2 2016$3.23B$2.96B
Equity CapitalQ2 2017vs Q2 2016$563.9MM$533.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$37.9MM$29.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$15.8MM$20.0MM
Real Estate OwnedQ2 2017vs Q2 2016$300.00K$1.5MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%*$5k*-Advantage Savings
OTHER TIERS: 0.05% Up to $5k
0.02%--Easy Savings

Republic Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

Republic Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$1k-60 Month IRA
2.00%$1k-36 Month IRA
1.00%$1k-12 Month IRA
Locations

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