Republic Bancorp (NASDAQ: RBCAA) processing unit president to depart, interim leader in place

Q: What executive change did Republic Bancorp (RBCAA) disclose regarding the Republic Processing Group?

Republic Bancorp reported that William R. Nelson will resign as President of the Republic Processing Group to join an RPG customer in the tax space. He is expected to remain with the company until August 28, 2026 to help transition his responsibilities.

Q: Who will lead the Republic Processing Group at Republic Bancorp (RBCAA) after Nelson’s resignation?

Brent Shuman has assumed the role of Interim President of the Republic Processing Group. Shuman has been with RPG for 22 years , most recently serving as Senior Vice President and Director of Product Operations, providing continuity in leadership.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Republic Bancorp, Inc. announced that William R. Nelson has decided to resign as President of the Republic Processing Group (RPG) to accept an executive leadership role with an RPG customer in the tax space. He notified the company on July 16, 2026 and is expected to remain through August 28, 2026 to transition his duties.

With Nelson’s planned departure, Brent Shuman has assumed the role of Interim President of RPG. Shuman has served at RPG for 22 years, most recently as Senior Vice President and Director of Product Operations. RPG is a division of Republic Bank & Trust Company and provides nationwide consumer loan and deposit products.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Resignation notice date: July 16, 2026 Expected departure date: August 28, 2026 Interim leader tenure at RPG: 22 years

3 metrics

Resignation notice date July 16, 2026 Date William R. Nelson notified the company of his decision to resign as President of RPG

Expected departure date August 28, 2026 Date through which Nelson is expected to remain while transitioning duties

Interim leader tenure at RPG 22 years Length of time Brent Shuman has served at Republic Processing Group

Key Terms

Emerging growth company, Republic Processing Group, wholly owned subsidiary, consumer loan and deposit products

4 terms

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Republic Processing Group financial

"President of the Republic Processing Group (“RPG”)"

wholly owned subsidiary financial

"RPG is a division of the Company’s wholly owned subsidiary"

A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.

consumer loan and deposit products financial

"RPG ... provides nationwide consumer loan and deposit products"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/20/2026 - 05:00 PM Accepted by SEC EDGAR 07/20/2026 - 05:00 PM

FAQ

What executive change did Republic Bancorp (RBCAA) disclose regarding the Republic Processing Group?

Republic Bancorp reported that William R. Nelson will resign as President of the Republic Processing Group to join an RPG customer in the tax space. He is expected to remain with the company until August 28, 2026 to help transition his responsibilities.

When is William R. Nelson expected to leave Republic Bancorp (RBCAA)?

William R. Nelson is currently expected to remain with Republic Bancorp until August 28, 2026. He notified the company of his resignation on July 16, 2026 and will assist with transitioning his duties during this period.

Who will lead the Republic Processing Group at Republic Bancorp (RBCAA) after Nelson’s resignation?

Brent Shuman has assumed the role of Interim President of the Republic Processing Group. Shuman has been with RPG for 22 years, most recently serving as Senior Vice President and Director of Product Operations, providing continuity in leadership.

What is the Republic Processing Group within Republic Bancorp (RBCAA)?

The Republic Processing Group (RPG) is a division of Republic Bancorp’s wholly owned subsidiary, Republic Bank & Trust Company. RPG provides nationwide consumer loan and deposit products, making it an important operating unit within the company’s banking franchise.

Why is William R. Nelson leaving Republic Bancorp (RBCAA)?

William R. Nelson is resigning as President of RPG to accept an executive leadership opportunity with an RPG customer in the tax space. The company indicates he will stay through late August 2026 to support a smooth transition.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 16, 2026

REPUBLIC BANCORP, INC.

(Exact name of registrant as specified in its charter)


Kentucky	0-24649	61-0862051
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer Identification No.)
of incorporation)


601 West Market Street, Louisville, Kentucky	40202
(Address of principal executive offices)	(zip code)

Registrant’s telephone number, including area code: (502) 584-3600

NOT APPLICABLE
(Former Name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:



Title of each class	Trading Symbol	Name of each exchange on which registered
Class A Common	RBCAA	The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) Resignation of Executive Officer

On July 16, 2026, William R. Nelson notified Republic Bancorp, Inc. (the “Company”) of his decision to resign from his position as President of the Republic Processing Group (“RPG”) in order to accept an executive leadership opportunity with an RPG customer in the tax space. Mr. Nelson is currently expected to remain with the Company until August 28, 2026, as he transitions his duties.

With Mr. Nelson’s departure, Brent Shuman has assumed the role of Interim President of RPG. Mr. Shuman has served at RPG for 22 years, most recently serving as its Senior Vice President and Director of Product Operations.

RPG is a division of the Company’s wholly owned subsidiary, Republic Bank & Trust Company, and provides nationwide consumer loan and deposit products.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		Republic Bancorp, Inc.
		(Registrant)


Date: July 20, 2026	By:	/s/ Kevin Sipes
		Executive Vice President, Chief Financial Officer & Chief Accounting Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents