Bank / Credit Union

Republic Bank hires Pedro Bryant to lead $3M community loan fund

image provided by Republic Bank

July 14, 2020

Pedro Bryant has been hired by Republic Bank & Trust to serve as executive vice president, managing director of community lending, according to a press release.

In the newly created role, Bryant will help economically challenged communities and small businesses grow through new banking programs, including a $3 million community loan fund that will support small businesses, promote business development and create jobs in low-to-moderate income communities.

The community loan fund is available to businesses seeking loans up to $50,000, and is designed to serve a diverse group of businesses. The fund will initially be focused in the Louisville, KY metropolitan area before being rolled out to all communities served by Republic Bank.

"We're stepping forward to help meet the needs of members of our community who have struggled because of inequity and inadequate access to financial capital," Steve Trager, chairman and CEO, said in the release. "We're excited to have Pedro lead initiatives that support small businesses owned and operated by the members of these communities. He adds deep banking leadership experience in community-focused services to our already strong executive team."