FEDERAL DEPOSIT INSURANCE CORPORATION
Republic Bank & Trust Company, Louisville, Kentucky (“Bank”), having been advised of its right to a
NOTICE OF CHARGES AND OF HEARING detailing the unsafe or unsound banking practices and violations
of law or regulation alleged to have been committed by the Bank, and of its right to a hearing on the charges
under section 8(b) of the Federal Deposit Insurance Act (“Act”), 12 U.S.C. § 1818(b), and having waived those
rights, entered into a STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER TO CEASE
AND DESIST (“CONSENT AGREEMENT”) with counsel for the Federal Deposit Insurance Corporation
(“FDIC”), dated February 20, 2009, whereby, solely for the purpose of this proceeding and without admitting or
denying the charges of unsafe or unsound banking practices and violations of law or regulation, the Bank
consented to the issuance of an ORDER TO CEASE AND DESIST (“ORDER”) by the FDIC.
The FDIC considered the matter and determined that it had reason to believe that the Bank had engaged
in unsafe or unsound banking practices and had violated laws or regulations. The FDIC, therefore, accepted the
CONSENT AGREEMENT and issued the following:
ORDER TO CEASE AND DESIST
IT IS HEREBY ORDERED, that the Bank, its institution-affiliated parties, as that term is defined in
section 3(u) of the Act, 12 U.S.C. § 1813(u), successors, and assigns, cease and desist from the following unsafe
or unsound banking practices and violations of law or regulations:
A. Operating with management whose policies and practices in the area of consumer compliance
are detrimental to the Bank.
B. Operating with inadequate supervision over, and direction to, the active management of the
Bank in the area of consumer compliance.
C. Operating with an ineffective compliance management system given the magnitude and
complexity of the Bank’s third party relationships.