Checking Account meets Bank On National Account Standards, with more than 25 features for safe, easy and affordable consumer transaction accounts

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Republic Bank & Trust Company (“Republic Bank,” “Republic,” or the “Bank”) announced today its new Simple Access checking account was officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2021 – 2022). The national safe account Standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders, and other financial institutions, designate core and strongly recommended features that ensure low cost, high functionality, and consumer safety.

“The Cities for Financial Empowerment Fund is delighted to award its national Bank On account certification to Republic Bank’s Simple Access Account,” said Jonathan Mintz, President and Chief Executive Officer of the Cities for Financial Empowerment Fund. “Republic Bank’s offering of this terrific account brings them into the forefront of national banking access efforts, and we thank them.”

The Simple Access account features no minimum balance, no overdraft or nonsufficient fund fees, and a Mastercard™ debit card and access to more than 90,000 fee-free ATMs. Customers can apply for the account at any Republic banking center, online or on mobile in as little as 10 minutes. Through the Bank’s free mobile and online banking platforms clients can view their account balance and monthly statements, pay bills, make mobile check deposits, and find the nearest fee-free ATM. In addition, Simple Access clients may be able to access funds from their direct deposits up to two business days sooner with Early Direct Deposit (ACH) Access.

“We appreciate the work the CFE Fund is doing and their certification of our new Simple Access checking account as meeting Bank On standards,” said Logan Pichel, President and CEO of Republic Bank. “Through its past leadership in Bank On programs Republic Bank has always been focused on providing our communities increased access to the financial resources and the support they need to thrive.”

Customers can find more details about the new Simple Access checking account at www.RepublicBank.com/simple.

About Republic Bank Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 42 full-service banking centers throughout five

states: 28 banking centers in 8 Kentucky communities – Covington, Crestview Hills, Florence, Georgetown, Lexington, Louisville, Shelbyville, and Shepherdsville; three banking centers in southern Indiana – Floyds Knobs, Jeffersonville, and New Albany; seven banking centers in six Florida communities (Tampa MSA) – Largo, New Port Richey, St. Petersburg, Seminole, Tampa, and Temple Terrace; two banking centers in two Tennessee communities (Nashville MSA) – Cool Springs and Green Hills; and two banking centers in two Ohio communities (Cincinnati MSA) – Norwood and West Chester. The Bank offers internet banking at www.republicbank.com. The Company has approximately $6.3 billion in assets and is headquartered in Louisville, Kentucky. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.

About the Cities for Financial Empowerment Fund (CFE Fund)

The CFE Fund supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting edge experience with large scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify, develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. The CFE Fund is currently working in over 100 cities and counties, and has disbursed over $59 million to local governments and their partners to support these efforts. For more information, please visit www.cfefund.org or follow us on Twitter at @CFEFund.

About Bank On

Bank On coalitions are locally-led partnerships between local public officials; city, state, and federal government agencies; financial institutions; and community organizations that work together to help improve the financial stability of unbanked and underbanked individuals and families in their communities. The Bank On national initiative builds on a grassroots movement of over 90 coalitions in cities across the country, offering national account standards, capacity grant support, pilot funding, and a learning community. In addition to connecting unbanked individuals to accounts, Bank On programs raise public awareness, target outreach to the unbanked, and expand access to financial education. Visit www.cfefund.org/bankon for more information, or follow the conversation on Twitter @CFEFund #BankOn.