Republic Bancorp Is Stalling Out
Oct. 9, 2013, 7:56 AM
- H&R Block (HRB) tumbles 5.6% premarket after Republic Bank (RBCAA) says it's withdrawing its application to the OCC for conversion to a national banking association - a necessary condition of its agreement to purchase certain parts of HRB Bank.
- "We remain committed to our twin goals of ceasing to be regulated as a savings and loan holding company and finding the right bank partner to help us to continue to grow our financial services business."
- A conference call is set for 9 ET.
Republic Bancorp, Inc. is a bank holding company, which engages in Personal, Small Business and Commercial banking. The company operates through the following segments: Traditional Banking, Mortgage Banking and Republic Processing Group. The Traditional Banking segments provides consumer... More
Industry: Regional - Southeast Banks
Country: United States
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