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REPUBLIC BANCORP DECLARES PREFERRED AND COMMON STOCK DIVIDENDS

 REPUBLIC BANCORP DECLARES PREFERRED AND COMMON STOCK DIVIDENDS
 ANN ARBOR, Mich., May 22 /PRNewswire/ -- PREFERRED STOCK DIVIDEND -- The board of directors of Republic Bancorp Inc. (NASDAQ-NMS: RBNC), at its regular monthly board meeting in May, declared a quarterly cash dividend of $.57 per share on Series A, B, and C Preferred Stock payable on July 15, 1992, to shareholders of record June 22, 1992.
 COMMON STOCK DIVIDEND -- Additionally, the directors declared a quarterly cash dividend of $.05 per share on Common Stock payable on July 10, 1992, to shareholders of record June 5, 1992.
 Republic Bancorp Inc. is a $549 million registered bank holding company with headquarters in Ann Arbor. The company owns seven subsidiaries: Republic Bank with offices in Flint Township, Grand Blanc and Owosso; Republic Bank Ann Arbor; Republic Bank - Central with six offices in the Lansing area; Republic Bank - North with five offices in the Traverse City area; Republic Bank S.E. in Bloomfield Hills, Grosse Pointe Farms and Mount Clemens; Premier Bancorporation, Inc., with eight offices in the Jackson area and one office in Kalamazoo; and Republic Bancorp Mortgage Inc. of Farmington Hills. Republic Bancorp Mortgage Inc. has six offices in Michigan and one each in West Des Moines, Iowa, Westlake, Ohio and Mount Laurel, N.J.
 Republic Bancorp Inc. common stock is traded in the over-the-counter market and quoted on the NASDAQ National Market System under the symbol RBNC.
 -0- 5/22/92
 /CONTACT: Dana M. Cluckey of Republic Bancorp, 517-725-7337/
 (RBNC) CO: Republic Bancorp Inc. ST: Michigan IN: FIN SU: DIV


SB -- DE017 -- 3339 05/22/92 13:19 EDT
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Publication:PR Newswire
Date:May 22, 1992
Words:266
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