Item 8.01. Other Events
As previously disclosed, on May 13, 2021, Republic Bank & Trust Company (the
"Bank"), a subsidiary of Republic Bancorp, Inc. (the "Company"), entered into an
Asset Purchase Agreement (the "Purchase Agreement") with Green Dot Corporation
("Green Dot") pursuant to which, upon the terms and subject to the conditions
set forth therein, Green Dot will purchase substantially all of the assets and
operations of the Bank's Tax Refund Solutions business (the "Sale Transaction").
The Sale Transaction is conditioned on, among other things, the expiration or
termination of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended (the "HSR Act"). On July 21, 2021, the
Company and Green Dot received early termination of the waiting period under the
The Company and Green Dot expect to complete the Sale Transaction within the
next 30 days, subject to the satisfaction or waiver of the remaining customary
conditions set forth in the Purchase Agreement.
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