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Republic Bank & Trust Company Announces CEO Transition and Director Appointment
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Republic Bank & Trust Company (“Republic” or the “Bank”) announced today that as part of a planned succession, Logan
About this update from Republic Bancorp, Inc.
[{"type":"text","content":" LOUISVILLE, Ky.--(BUSINESS WIRE)--\nRepublic Bank & Trust Company (“Republic” or the “Bank”) announced today that as part of a planned succession, Logan Pichel, currently President of Republic, will add the role of Chief Executive Officer of the Bank to his responsibilities on October 1, 2021. In addition, Pichel was elected to the Bank’s board, as well as the board of the Bank’s parent company, Republic Bancorp, Inc. (the “Company”), as a director on September 15, 2021.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210915005096/en/Logan Pichel, CEO and President, Republic Bank & Trust Company (Photo: Business Wire)\nSteve Trager will transition from the role of Bank Chair and Chief Executive Officer to the position of Executive Chair of both the Bank and the Company and will retain the position of Chief Executive Officer for the Company, continuing to lead both boards and work closely with Pichel and the senior management team. Scott Trager continues as Vice Chair of the Bank and Vice Chair and President of the Company. These changes are designed to ensure a smooth transition—continuity of leadership for associates, a focus on delivering high-quality service to bank customers, strong financial performance for shareholders, and a continued commitment to the communities Republic serves.\n\n“Logan's leadership and influence has enhanced every aspect of the Bank’s culture and operations since joining the Republic team as President 15 months ago,\" said Steve Trager. \"I am excited for the next phase in the growth of Republic as I continue to work closely with him in his new role, and with senior management, as we enable our associates, our clients, and the communities we serve to thrive.”\n\nRepublic has grown from its roots as a small bank in Shelbyville, KY to become the largest bank based in the Commonwealth. Pichel's appointment to CEO comes at a time when Republic’s performance is extremely strong, as the Company’s 2021 second quarter net income was up 51% over the second quarter of 2020, while the Company’s Core Bank credit metrics continue to place it among the most safe and sound financial institutions in the country.\n\n\"What Steve and Scott Trager have done for the Bank, and what the Trager family has done for our communities, are models for anyone who want...