Republic Bancorp closes $51m acquisition of CBank and Commercial Industrial Finance

Republic Bancorp closes $51m acquisition of CBank and Commercial Industrial Finance

Republic Bancorp, the parent company of Republic Bank & Trust Company, has wrapped up the previously announced $51 million acquisition of CBank and its fully-owned subsidiary Commercial Industrial Finance (CIF), based in St. Louis, Missouri. The all-cash deal was announced in October 2022. Commercial Industrial Finance has now rebranded as Republic Bank Finance and has […]

Republic Bancorp to acquire Commercial Industrial Finance owner CBank

Republic Bancorp to acquire Commercial Industrial Finance owner CBank

US-based Republic Bancorp, the holding company of Republic Bank & Trust (Republic Bank), has agreed to acquire CBank and its fully-owned subsidiary Commercial Industrial Finance (CIF) in an all-cash direct merger deal valued at approximately $51 million. Headquartered in St. Louis, Missouri, Commercial Industrial Finance offers equipment leasing and financing to businesses across the US. […]