2021 Priorities
Republic aims to be in the top 25% of banks for this metric, which generally measures how many cents of noninterest expense the bank incurs to make a dollar in revenue.
What is the efficiency ratio?
The Accounting Shield proudly displays this motto, which is also the status that a demand deposit account may be placed in when there are fraud concerns.
What is "Credits" Only?
One of the following is NOT a 5yr goal within the Company's Strategic Plan: Top 10% ROA; Top 5% Regulatory Capital; Top 15% Efficiency Ratio
What is Top 5% Regulatory Capital?
As of June 30, 2021, Republic Bank was ranked: 1st, 3rd, 7th, or 10th in Kentucky for deposit market share.
What is 7th?
You can find links to both client testimonials and Republic Bank Wear on this department's Sharepoint site.
What is the Marketing Department?
Republic is planning for our future work environment, which will likely include some, you know...WFH.
What is Work from Home?
In the "WHAT DO WE NEED AROUND US TO BE AT OUR BEST" section, the Accounting Shield states that we should cultivate these.
What are positive working relationships?
Republic launched this successful new loan product in October 2017 and plans to have approximately $165 million of these loans on its balance sheet by 2023.
What are aircraft loans?
Currently 146th in deposit market share in Tennessee with $71 million in deposits, Republic would need to reach $3 billion, $6 billion, or $10 billion in TN deposits for entry into the Top 10.
What is $3 billion?
This department helps the bank navigate decisions by providing regulatory guidance that supports the strategic growth of the Bank. Scott Nardi is its head.
What is the Compliance Department?
A top 2021 priority was not necessarily inter-departmental communication but this other kind.
What is intra or cross-departmental communication?
The shield makes good use of this literary technique that repeats consonant sounds. E.g., "We are Dedicated, Driven, and Dependable."
What is alliteration?
This group meets every month and actively monitors the Bank's progress to its five-year financial projections and Strategic Plan.
Who are the Board of Directors?
Commonwealth Bank recently announced that it will be acquired by the parent company for this local competitor of Republic Bank.
Who is Stock Yards Bank?
Jacob Bunnell and Robert Ball are not part of the Information Security Department, but this one with a somewhat similar name.
What is Security Administration or SecAdmin?
Republic's 2021 priorities align with and point to this document, which outlines "What we Will Measure in 2021"
What is the Purpose Architecture?
The "WHAT DO WE HAVE TO OFFER" section of the Accounting Shield mentions that we should use this resolution technique in a positive environment.
What is one-call resolution?
By the year 2023, Republic expects that this generally online business channel will generate almost 40% of its mortgage loans.
What is the Consumer Direct channel?
Republic Bank was ranked 1st, 4th, 7th, or 10th in mortgage origination market share within Kentucky during 2020.
What is 7th?
This department is dedicated to planning and maintaining the Bank's corporate office and retail banking centers and grounds.
What is the Facilities Department?
Don't get lost in translation. Remember the Company slogan, "Es mas facil aqui," which in English would be.
What is "It's Just Easier Here!"
The bottom of the shield contains this item that has been historically used to crown champions.
What is the laurel wreath?
The Strategic Plan includes ways the Bank can grow, not only organically but also through this less often used technique.
What are bank acquisitions?
S&P Capital names this Cincinnati-based bank as Republic's main competitor based on the number of competing branches within a mile of Republic Bank branches throughout our footprint.
Who is 5th/3rd Bank?
You will find Debbie Martin managing this department.
What is the Fraud Department?