Republic Bank Launching $3 Million Community Loan Fund, Hires Veteran Banker Pedro Bryant to Lead Effort
July 13 2020 - 11:52AM
Business Wire
Republic Bank & Trust Company (“Republic” or the “Bank”)
announces the addition of Pedro Bryant as EVP, Managing Director of
Community Lending. In the newly created role, Bryant will help
economically challenged communities and small businesses grow
through new programs, including a $3 million Community Loan Fund to
support small businesses and promote business development and job
creation in low-to-moderate income communities.
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Pedro Bryant, now EVP and Managing
Director of Community Lending for Republic Bank & Trust Company
(Photo: Business Wire)
The Community Loan Fund is designed to serve a diverse group of
businesses and focus on the operating needs in all industry
segments. It will initially be focused in the Louisville
metropolitan statistical area (“MSA”) and rolled out to all
communities served by Republic. In order to increase the number of
loans deployed, the Community Loan Fund will be available just to
businesses seeking loans up to $50,000.
“We’re stepping forward to help meet the needs of members of our
community who have struggled because of inequity and inadequate
access to financial capital,” said Steve Trager, Chairman and CEO.
“We’re excited to have Pedro lead initiatives that support small
businesses owned and operated by the members of these communities.
He adds deep banking leadership experience in community-focused
services to our already strong executive team.”
As previous CEO and President of Metro Bank in Louisville, Mr.
Bryant is recognized as an exceptional leader in the community. He
has also served in leadership roles at other banks throughout the
South. “Since 1982, Republic Bank has played a leading role in the
growth of this community,” said Mr. Bryant. “I want to contribute
to this tradition of putting customers first to ensure it continues
for years to come.”
In addition to forming the new Community Loan Fund, Mr. Bryant
will be providing executive oversight of Republic’s Small Business
Administration (“SBA”) Lending Division, managed by Republic’s Vice
President Kathy Pleasant. The Bank’s participation in the SBA’s
Paycheck Protection Program (“PPP”) has already provided over $520
million in total support to over 3,700 small businesses in the
communities it serves. Louisville Business First recently reported
that, "data shows Republic Bank helped retain over 26,461 jobs in
Kentucky, the most of any of the banks participating in Kentucky’s
PPP rollout.” *
Republic provides traditional and non-traditional consumer and
commercial banking products and services using numerous delivery
channels. Products include checking, savings and money market
accounts, certificates of deposit, residential mortgage and home
equity loans, as well as various commercial loan products, and
other personalized banking services. The Bank offers many ways for
clients to access their accounts in addition to banking centers,
including mobile and online banking and interactive teller
machines, or ITMs, and a full-service contact center. The Bank also
operates in the tax refund processing and prepaid card
businesses.
About Republic Bank
Republic Bancorp, Inc. (the “Company”) is the parent company of
Republic Bank & Trust Company (the “Bank”). The Bank currently
has 42 full-service banking centers and two loan production offices
throughout five states: 28 banking centers in 8 Kentucky
communities – Covington, Crestview Hills, Florence, Georgetown,
Lexington, Louisville, Shelbyville, and Shepherdsville; three
banking centers in southern Indiana – Floyds Knobs, Jeffersonville,
and New Albany; seven banking centers in six Florida communities
(Tampa MSA) – Largo, New Port Richey, St. Petersburg, Seminole,
Tampa, and Temple Terrace, and one loan production office in
Oldsmar; two banking centers in two Tennessee communities
(Nashville MSA) – Cool Springs and Green Hills, and one loan
production office in Brentwood; and two banking centers in two Ohio
communities (Cincinnati MSA) – Norwood and West Chester. The Bank
offers internet banking at www.republicbank.com. The Bank also
offers separately branded, nation-wide digital banking at
www.mymemorybank.com. The Company has approximately $6.0 billion in
assets and is headquartered in Louisville, Kentucky. The Company’s
Class A Common Stock is listed under the symbol “RBCAA” on the
NASDAQ Global Select Market.
Republic Bank. It’s just easier here ®
*https://www.bizjournals.com/louisville/news/2020/07/07/these-louisville-area-companies-received-5m-or-mo.html
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Jim Ensign, Senior Vice President & Chief Brand Officer
(502) 588-1437
Republic Bancorp (NASDAQ:RBCAA)
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