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Republic Bank to Open Loan Office in Clarksville, Indiana.



LOUISVILLE, Ky.--(BUSINESS WIRE)--March 30, 1999--Republic Bank & Trust Company (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: RBCAA) is pleased to announce that we will open a loan production office at 610 Eastern Blvd. in Clarksville, Indiana Clarksville is a town in Clark County, Indiana, along the Ohio River. The population was 21,400 at the 2000 United States Census. Geography
Clarksville is located at  (38.311885, -85.767265)GR1.
 during the summer of 1999, pending regulatory approval.

The office will employ a full complement of senior loan officers, who will be originating a wide range of home mortgage loan products as well as home equity, debt consolidation and other consumer loans. In addition, we will be offering our full line of commercial loan products including lines of credit, commercial real estate loans, accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying  and inventory financing Inventory financing

Used in the context of factoring and general finance to refer to loans to consumer product producers that use inventory as collateral. See also: Inventory loan.
, equipment loans and leasing.

"We are excited about opening our first operation in the state of Indiana. We look forward to serving our many southern Indiana clients and making many new friends and clients in this area," commented president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Steve Trager.

Republic Bank & Trust Company has 19 banking centers in 7 Kentucky communities: Bowling Green, Elizabethtown, Frankfort, Lexington, Louisville, Owensboro and Shelbyville. Kentucky Owned Republic Bank is headquartered in Louisville and has approximately $1.2 billion in assets. Republic Bancorp, Inc., Republic Bank's parent company, is traded on the NASDAQ (RBCAA).
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Publication:Business Wire
Geographic Code:1U3IN
Date:Mar 30, 1999
Words:192
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