Republic Bancorp (RBCCA) of Louisville, Ky., announced Monday the merger of two of its subsidiaries: Republic Bank, a federally chartered savings association, and Republic Bank & Trust Co., a state-chartered commercial bank.

Republic said in a news release Monday that the merger, which took place on May 9, will improve overall efficiency while expand access to services and branch operations for its customers across the Southeast and Midwest. The $3.5 billion-asset-combined bank will operate 42 offices across Kentucky, Indiana, Tennessee, Florida and Ohio.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.