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100 BEST COMPANIES TO WORK FOR
FORTUNE
Monday, Jan. 12, 2004
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RANK: 5
(Previous Rank: 17)
Republic Bancorp
Headquarters: Owosso, MI 2002 Revenues ($ millions):
340 U.S. sites: 101 Year founded: 1986
Website: http://www.republicbancorp.com
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COMPANY INFO
Industry: Commercial Banks
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| EMPLOYEES |
| U.S. Employees |
1,360 |
| Employees Outside U.S. |
0 |
| % Minorities |
11 |
| % Women |
76 |
| JOBS |
| New Jobs (1 year) |
20 |
% Voluntary Turnover |
12 |
| % Job Growth (1 Year) |
2 |
Applicants |
16,500 |
| Professional Training (hrs./yr.) |
50 |
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| SALARY |
| Most Common Job (Professional) |
Mortgage Loan Officer |
Salary |
$150,000 |
| Most Common Job (Hourly) |
Customer Service Representative (Teller) |
Salary |
$35,000 |
SUMMARY
Incentives galore for mortgage sellers: Last year 300 employees were awarded trips to Aruba, Cancun, or the Dominican Republic; all employees receive stock options. Since 1991 the company's stock has increased 1,700%.
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