CBT Corporation announces SAIF one-time charge.PADUCAH, Ky.--(BUSINESS WIRE)--Oct. 8, 1996--CBT Corporation will take a third quarter pre-tax charge of $560,000 or $.05 a share, related to the recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. of the Savings Association Insurance Fund Savings Association Insurance Fund (SAIF) A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions. . The one-time assessment mandated by Congress applies to approximately $100 million in deposits. For the third quarter of 1995, CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. Corporation earned $2.9 million, or $.37 per share. CBT Corporation is a $940 million, five bank holding company headquartered in Paducah. CBT affiliates include: Citizens Bank & Trust Company in Paducah; Pennyrile Citizens Bank & Trust Company in Hopkinsville, Ky.; The Bank of Marshall County Marshall County is the name of twelve counties in the United States:
Murray, principal river of Australia, 1,609 mi (2,589 km) long, rising in the Australian Alps, SE New South Wales, and flowing westward to form the New South Wales–Victoria boundary. , Ky.; and Fidelity Credit Corporation also in Paducah. The company has 17 banking locations in Western Kentucky and 27 Fidelity Credit offices throughout the state. CONTACT: CBT Corporation, Paducah John E. Sircy, 502/575-5324 |
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