LOUISVILLE, Ky. — Republic Bank was honored by the American Bankers Association as the recipient of its 2024 Diversity, Equity and Inclusion Award in the Innovative Incentive category for the Bank’s creative initiatives to enable transformation within the company.“We are honored to be recognized and receive this award from the ABA,” said Ashley Duncan, VP, Director of Inclusion & Diversity at Republic Bank. “Republic Bank’s Inclusion & Diversity (I&D) program uses a people-first approach to create an inclusive organization where all our associates can thrive. We strive to create a workplace where everyone feels valued and supported, regardless of sexual orientation, gender identity, race, age, religion or physical ability.”
Headquartered in Louisville with $6.6 billion in assets, Republic Bank & Trust Co. has 47 banking centers in five metropolitan statistical areas across five states: 22 banking centers located within the Louisville MSA; six in the Lexington MSA; eight in the Cincinnati MSA; seven in the Tampa MSA; and four in the Nashville MSA. Republic Bank Finance has one loan production office in St. Louis, Mo. The Bank offers internet banking at www.republicbank.com. The Company is headquartered in Louisville, Kentucky, and as of June 30, 2024, had approximately $6.6 billion in assets.
Republic was recognized on Sept. 12 during the virtual 2024 ABA DEI Summit, cohosted with Virginia Bankers Association and Maryland Bankers Association.
“These financial institutions and individuals have worked to create a more inclusive and equitable environment for their employees, customers and communities every day,” said Cathy Nestrick, ABA’s VP of Women’s Leadership & Diversity, Equity and Inclusion.
Led by Duncan, the Republic Bank I&D program enhances the wellbeing of associates, clients and the community through various measures, including developing engaging educational resources and learning opportunities, and actively creating spaces that empower everyone to be their authentic selves.
Republic’s I&D program leverages data and increases Business Resource Group (BRG) engagement opportunities. The Bank’s BRGs are associate-led, voluntary groups that foster networking, attract diverse talent and contribute ideas and solutions. These groups bring together associates who share common interests, experiences or backgrounds, along with allies who support them.
To gauge success of the program, Duncan and her team developed the I&D Snapshot Dashboard, an innovative tool that was implemented to bring multiple datapoints together to tell the story of progress, success and accountability. When paired with leadership development opportunities, the tool can enhance a bank leader’s expertise and model behavior to other executive leaders, as well as identify areas of possible implicit bias within the organization.
The ABA DEI Awards honor achievement in three categories: the Outstanding Overall DEI Program Award, DEI Outstanding Leader Award and Innovation Incentive Award. Winners and honorable mentions were selected for each category. Learn more about the winners of this year’s ABA DEI Awards.
More Kentucky business news here.
