LIBERTY TAX SERVICE SIGNS THREE YEAR AGREEMENT WITH REPUBLIC BANK

 

Contacts:
Investors: Mark F. Baumgartner
V. P. and Chief Financial Officer
(757) 493-8855
mark.baumgartner@libtax.com

 


Media: Martha O’Gorman

V.P. and Chief Marketing Officer
(757) 493-8855
martha.ogorman@libtax.com

LIBERTY TAX SERVICE SIGNS THREE YEAR AGREEMENT WITH REPUBLIC BANK

ANNOUNCES REPUBLIC BANK AS PRIMARY ORIGINATOR OF TAX REFUND FINANCIAL PRODUCTS

VIRGINIA BEACH, VA (December 30, 2009) - Liberty Tax Service (Liberty) today announced that they have signed a three year agreement with Republic Bank (Republic) (NASDAQ:RBCAA) to have Republic provide tax refund products for over 90% of Liberty’s locations.

“I am pleased to announce we have strengthened our relationship with Republic by entering into a three year agreement that makes Republic the primary originator of tax refund products for our offices,” said John T. Hewitt, Chairman and CEO of Liberty Tax Service. “This agreement ensures Liberty offices will be able to facilitate Refund Anticipation Loans and Electronic Refund Checks for the upcoming season for those customers who want a tax refund product.”

Liberty Tax Service is the fastest growing retail tax preparation company in the industry’s history.  Founded in 1997 by CEO John T. Hewitt, a pioneer in the tax industry, Liberty Tax Service has prepared over 7,000,000 individual income tax returns.  With 41 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation business, having also founded Jackson Hewitt Tax Service (NYSE:JTX).

Liberty Tax Service provides computerized income tax preparation, electronic filing, refund loans, and online filing through eSmart Tax.  Each office offers customers audit assistance, a money back guarantee, and free tax return checking. The Liberty Tax Service franchise opportunity is #9 on the fastest growing franchises list of the 2010 Entrepreneur “Franchise 500.”