a fourth-quarter operating loss of $20 million, and slashed 340 jobs from its mortgage banking units, reducing its loan origination staff by 54%. The parent company of Republic Bank here said last week it will take a $7.5 million charge in the fourth quarter for employee severance and other costs "associated with discontinued facilities." It has scrapped telemarketing and direct mail solicitations, and closed its out-of-state loan production offices. Republic will continue to make loans in its 60 Florida branches. The company had estimated the operating loss at $10 million to $13 million.

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