Republic Bancorp Increases its Common Stock Cash Dividend for the 11th Consecutive Year (RBCAA)

Republic Bancorp, Inc. RBCAA, parent company of Republic Bank & Trust Company and Republic Bank, today announced an 8% increase in the Company's second quarter cash dividends. The cash dividend of $0.154 per share of Class A Common Stock and $0.14 per share on Class B Common Stock will be payable July 15, 2011 to shareholders of record as of June 17, 2011. “I am pleased to announce the 11th consecutive annual increase in our quarterly cash dividend. During these times of continued economic uncertainty, it is a pleasure to reward our loyal shareholders for their trust and confidence in Republic as a valued investment. Our business model, which focuses on the long-term horizon, continues to perform favorably as we recently - * announced record net income for the first quarter of 2011, exceeding our net income figure for all of 2010; * were named the #4 bank holding company in the United States by the ABA Banking Journal based on highest Returns on Average Equity for those institutions with total assets of $3 billion or more; * furthered our commitment to the philanthropic community with our second $5 million contribution to the Republic Bank Foundation.