Republic Bancshares Inc., St. Petersburg, Fla., has completed a private offering of $228 million of securities backed by home equity and debt consolidation loans.Republic Bank Home Loan Owner Trust 1998-1 consisted of various classes with interest rates ranging from 6.61% to 8.87%, the company said. Republic chairman and chief executive officer John W. Sapanski said the company expects to package some of its home equity and debt consolidation loans on a quarterly basis. The website address for Republic Bank, a subsidiary of Republic Bancshares, is http://www.republicbankfl.com.
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