Republic Bancorp Sells Republic Bank Finance Assets to CAN Capital Merchant Services

Reuters

Dec 23, 2025

<a href="https://laohu8.com/S/RBCAA">Republic Bancorp</a> Sells Republic Bank Finance Assets to CAN Capital Merchant Services

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Republic Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-123801), on December 22, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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 &amp; Trust Company and is anticipated to close in the first quarter of 2026, pending customary closing conditions and financing by CAN.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: 0001104659-25-123801), on December 22, 2025, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RBCAA","symbol_name":"Republic Bancorp","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251222:nNDL2qRn0R:1","article_id":"2593453412","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593453412","pubTimestamp":1766440857,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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. 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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.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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