| Business Summary | | Republic
Bancorp,
Inc.
is
a
bank
holding
company
that
provides
retail,
commercial
and
mortgage
banking
products
and
services
through
its
wholly
owned
banking
subsidiary,
Republic
Bank,
a
state-chartered
banking
corporation.
The
Company
has
two
primary
lines
of
business,
commercial
and
retail
banking
and
mortgage
banking.
Financial
products
are
offered
to
consumers
and
businesses
through
the
90
retail
bank
branches
of
its
bank
subsidiary
located
in
Michigan,
Ohio
and
Indiana.
The
Company
also
maintains
a
nationwide
mortgage
banking
network
of
56
offices
located
in
16
states.
In
addition,
the
Company
performs
residential
mortgage
loan
servicing
for
the
benefit
of
others
with
responsibilities
ranging
from
collecting
and
remitting
loan
payments
to
supervising
foreclosure
proceedings. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Republic
Bancorp,
offers
retail,
commercial
and
mortgage
banking
services
through
Republic
Bank
and
D&N
Bank.
For
the
six
months
ended
6/30/01,
interest
income
rose
6%
to
$177.5
million.
Net
interest
income
after
loan
loss
prov.
rose
5%
to
$67.3
million.
Net
income
applicable
to
Common
fell
6%
to
$22.1
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
a
higher
loss
provision.
Net
income
reflects
the
inclusion
of
a
$19
million
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Jerry Campbell, 60 Chairman | $105K | $404K | Dana Cluckey, 41 Pres,
CEO, Director | 733K | -- | George Butvilas, 55 Vice
Chairman | -- | -- | Thomas Menacher, 44 CFO,
Exec. VP, Treasurer, Sec. | 389K | -- | Barry Eckhold, 54 Sr.
VP and CCO | 815K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|