Republic Bank & Trust Company, a wholly-owned subsidiary of Republic Bancorp Inc., has entered into an agreement to sell substantially all of the assets of its Republic Bank Finance division to CAN Capital Merchant Services, Inc. The transaction includes approximately $80 million in loans and leases, along with about $3 million in related liabilities. CAN Capital will also assume all ongoing operations of Republic Bank Finance upon closing. The purchase price will be based on the net book value of the assets and liabilities at closing, plus a fixed premium. The deal is expected to result in a net gain of about $6 million for Republic Bank & Trust Company and is anticipated to close in the first quarter of 2026, pending customary closing conditions and financing by CAN.

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