M&A Deal Summary

Republic Bank Acquires CBank

On October 27, 2022, Republic Bank acquired financial services company CBank for 51M USD

Acquisition Highlights
  • This is Republic Bank’s 2nd transaction in the Financial Services sector.
  • This is Republic Bank’s largest (disclosed) transaction.
  • This is Republic Bank’s 2nd transaction in the United States.
  • This is Republic Bank’s 1st transaction in Ohio.

M&A Deal Summary
Date 2022-10-27
Target CBank
Sector Financial Services
Buyer(s) Republic Bank
Deal Type Add-on Acquisition
Deal Value 51M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Dinsmore & Shohl (Legal)

Target

CBank

Cincinnati, Ohio, United States
CBank is a provider of an equipment leasing and financing to businesses. CBank is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Republic Bank

Louisville, Kentucky, United States
Category Company
Founded 1974
Sector Financial Services
Employees999
Revenue 354M USD (2023)
DESCRIPTION

Republic Bank is the parent company of Republic Bank & Trust Company provides financial services. Republic Bank was founded in 1974 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-17 Cornerstone Bancorp

Saint Petersburg, Florida, United States

Cornerstone Bancorp, Inc. is a provider of financial services.

Buy $32M
Mergr

Product

Company

Legal