A Message from the President
Republic Bank continued its trend in profitability and capital strength in 2010. Despite a troubling time for banking and the US economy, the bank grew total assets by nearly 10%, and expanded its footprint on both the North and South sides of the Chicagoland area. During the year, Republic Bank acquired Citizens Bank and Trust located at 5700 N. Central in Chicago and opened a new banking center at 8420 W. 171 st Street in Tinley Park. The addition of these 2 banking centers increased the total branch network to 16 with a downtown Chicago banking center on the drawing board for 2011. Republic's Capital strength, which is especially important in this current economic environment, is $136 million. Today, the bank has a Capital to Asset ratio of over 11% placing it among those banks that are considered "Well Capitalized" by the Federal Deposit Insurance Corporation.
Our vision and mission statement clearly defines who we are:
- We are committed to providing creative financial solutions that enhance and inspire our customer's business and personal lifestyle.
- We help our customers achieve their success by employing enthusiastic professionals and empowering them to deliver the "ultimate customer experience."
- We define this as "The Republic Way."
We know you have many banking choices. That's why we work hard to provide convenient, quality products, services and locations to make your life easier.
Thanks for the continued opportunity to serve you. Come in and experience "The Republic Way" today!
William H. Sperling