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Republic Bank & Trust Co. forms aircraft lending division

Louisville, Ky.-based Republic Bank & Trust Co. now offers personal aircraft loans in amounts from $55,000 to $500,000, with terms up to 20 years, for purchasing or refinancing of aircraft, or for engine overhauls and avionic upgrades, as part of its newly launched aircraft lending division.

The program is open to all states except Alaska and Hawaii.

The bank is a unit of Republic Bancorp Inc.