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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MngNZ1hL7sCV/OJJ9TIMQfYCudDhx3UAEacbGzjzjPiV/AbU7D8xMlyZk4D/7ZxP
 drb8ilv2vMaHDUQxWG9yJA==

<SEC-DOCUMENT>0000940397-04-000020.txt : 20040123
<SEC-HEADER>0000940397-04-000020.hdr.sgml : 20040123
<ACCEPTANCE-DATETIME>20040123151810
ACCESSION NUMBER:		0000940397-04-000020
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040121
FILED AS OF DATE:		20040123

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REPUBLIC BANCORP INC /KY/
		CENTRAL INDEX KEY:			0000921557
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				610862051
		STATE OF INCORPORATION:			KY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		REPUBLIC CORPORATE CENTER
		STREET 2:		601 WEST MARKET ST
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40202
		BUSINESS PHONE:		5025843600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TRAGER SCOTT
		CENTRAL INDEX KEY:			0001078588

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24649
		FILM NUMBER:		04540537

	BUSINESS ADDRESS:	
		STREET 1:		601 WEST MARKET STREET
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40202
		BUSINESS PHONE:		5025608628
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>repscott12104f4_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2004-01-21</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000921557</issuerCik>
        <issuerName>REPUBLIC BANCORP INC /KY/</issuerName>
        <issuerTradingSymbol>RBCAA</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001078588</rptOwnerCik>
            <rptOwnerName>TRAGER SCOTT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>601 WEST MARKET STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LOUISVILLE</rptOwnerCity>
            <rptOwnerState>KY</rptOwnerState>
            <rptOwnerZipCode>40202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Vice Chairman</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Class B Common Stock</value>
      </securityTitle>
      <conversionOrExercisePrice>
            <footnoteId id="F4"/>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2004-01-21</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>7.779</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>19.95</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
            <footnoteId id="F5"/>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F6"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>7.779</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>342.648</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>By Jaytee Properties Limited Partnership</value>
            <footnoteId id="F1"/>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeHolding>
      <securityTitle>
         <value>Class B Common Stock</value>
      </securityTitle>
      <conversionOrExercisePrice>
            <footnoteId id="F4"/>
      </conversionOrExercisePrice>
      <exerciseDate>
            <footnoteId id="F5"/>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F6"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>0</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>24262</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeHolding>
   <derivativeHolding>
      <securityTitle>
         <value>Class B Common Stock</value>
      </securityTitle>
      <conversionOrExercisePrice>
            <footnoteId id="F4"/>
      </conversionOrExercisePrice>
      <exerciseDate>
            <footnoteId id="F5"/>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F6"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>0</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>980</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>By 401(k) Plan</value>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeHolding>
   <derivativeHolding>
      <securityTitle>
         <value>Class B Common Stock</value>
      </securityTitle>
      <conversionOrExercisePrice>
            <footnoteId id="F4"/>
      </conversionOrExercisePrice>
      <exerciseDate>
            <footnoteId id="F5"/>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F6"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>0</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>3380</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>By Trager Family Irrevocable Trust</value>
            <footnoteId id="F2"/>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeHolding>
   <derivativeHolding>
      <securityTitle>
         <value>Class B Common Stock</value>
      </securityTitle>
      <conversionOrExercisePrice>
            <footnoteId id="F4"/>
      </conversionOrExercisePrice>
      <exerciseDate>
            <footnoteId id="F5"/>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F6"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>0</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>1948.54</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>By Teebank Family Limited Partnership</value>
            <footnoteId id="F3"/>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeHolding>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> Jaytee Properties Limited Partnership is a family limited partnership of which the reporting person is a limited partner.</footnote>

      <footnote id="F2"> Trager Family Irrevocable Trust is a family trust of which the reporting person is a co-trustee and a beneficiary.</footnote>

      <footnote id="F3"> Teebank Family Limited Partnership is a family limited partnership of which the reporting person is a limited partner.</footnote>

      <footnote id="F4"> Conversion is on a share for share basis.</footnote>

      <footnote id="F5"> Immediate.</footnote>

      <footnote id="F6"> None.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ Scott Trager</signatureName>
      <signatureDate>2004-01-23</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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