Republic Bancorp Acquires CBank (and subsidiary Commercial Industrial Finance)
October 27, 2022
Republic Bancorp, Inc. agreed to acquire Cincinnati-based CBank and its wholly owned leasing subsidiary, Commercial Industrial Finance, Inc. (CIF), in an all-cash merger valued at approximately $51 million. The deal expands Republic Bank's Cincinnati footprint and significantly broadens its equipment leasing capabilities and national leasing footprint; the transaction closed after customary approvals and integration planning.
- Buyers
- Republic Bancorp, Inc. (Republic Bank & Trust Company)
- Targets
- CBank, Commercial Industrial Finance, Inc. (CIF)
- Sellers
- CBank's existing shareholders
- Industry
- Financial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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