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 if earliest event reported): June 16, 2005
REPUBLIC
BANCORP INC.
(Exact
name of registrant as specified in its charter)
Michigan
(State
or other jurisdiction of incorporation)
|
0-15734
(Commission
File No.)
|
38-2604669
(IRS
Employer Identification No.)
|
1070 East
Main Street, Owosso, Michigan 48867
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (989)
725-7337
(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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
7.01 Regulation
FD Disclosure
On June
16, 2005, the Company announced that its Board of Directors approved a 2005
Stock Repurchase Program authorizing the repurchase of up to 2,000,000 shares of
the Company’s common stock, or approximately 3% of the shares outstanding. The
program will commence at the conclusion of the 2003 Stock Repurchase Program.
Repurchases will be made from time to time as market and business conditions
warrant, in the open market, negotiated, or block transactions, and will be
funded from available working capital and cash flow from operations. Repurchased
shares will be used for employee benefit plans, stock dividends and other
general business purposes, including potential acquisitions.
In a
press release, Dana M. Cluckey, President and Chief Executive Officer commented,
“With our strong capital levels, we believe that continuing to repurchase our
stock is a prudent use of capital and builds value for our shareholders. Our
stock repurchase programs, along with Republic’s history of cash and stock
dividends, continue to reflect our steadfast commitment to increasing
shareholder value.”
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.
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REPUBLIC
BANCORP INC. |
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Date: June
16, 2005 |
By:
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/s/
Thomas F. Menacher |
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Name:
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Thomas
F. Menacher |
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Its: |
Executive
Vice President, Treasurer and |
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Chief
Financial Officer |