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Get filing alertsRepublic Processing Group President resigns to join RPG customer; 22-year veteran named interim
Filed July 20, 2026 · Period ending July 16, 2026 · ~1 min read
Key Changes
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William R. Nelson resigned as President of Republic Processing Group to accept an executive role with an RPG customer in the tax space, remaining through August 28, 2026 to transition duties.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Brent Shuman, a 22-year RPG veteran and most recently Senior Vice President and Director of Product Operations, appointed Interim President of RPG.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Republic Bancorp disclosed the resignation of William R. Nelson as President of Republic Processing Group, effective August 28, 2026. Nelson is leaving to take an executive leadership position with an RPG customer in the tax industry.
The departure represents a loss of institutional knowledge at the division responsible for the company's nationwide consumer loan and deposit products, though the extended transition period through late August provides time for knowledge transfer. The company filled the role internally by promoting Brent Shuman to Interim President.
Shuman's 22-year tenure at RPG and recent role as Senior Vice President and Director of Product Operations suggest operational continuity during the search for a permanent successor. The move to a customer raises questions about competitive dynamics in RPG's tax-related business lines, though no non-compete or business impact details were disclosed. Retail holders should watch for any announcement of a permanent RPG President and whether the departure affects RPG's customer relationships or product roadmap.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
President of Republic Processing Group resigns to join RPG customer; interim successor appointed from internal ranks.
Added in current filing · verify on EDGAR →
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.
William R. Nelson, President of Republic Processing Group, resigned to take an executive role with an RPG customer in the tax industry. He will remain through August 28, 2026 to transition his responsibilities. RPG is a division providing nationwide consumer loan and deposit products.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify