CBT Corporation announces signing definitive agreement to acquire Hopkins Bancorp, Inc.PADUCAH, Ky.--(BUSINESS WIRE)--June 11, 1996--CBT Corporation (National NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CBTC CBTC Communications-Based Train Control ) announced today the signing of a definitive agreement to acquire Hopkins Bancorp, Inc., Wickliffe, Kentucky Wickliffe is a city in Ballard County, Kentucky, United States. The population was 794 at the 2000 census. It is the county seat of Ballard CountyGR6. Geography Wickliffe is located at (36. , for cash. Hopkins Bancorp, Inc. is the parent of the $50 million asset Citizens State Bank of Wickliffe. CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. President and Chief Executive Officer William J. Jones commented, "This acquisition fits nicely with our other Western Kentucky bank holdings and is a natural extension into familiar markets contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file. to McCracken County. We look forward to working with the staff and serving the customers of Citizens State Bank as we bring them into the CBT family." Lynn N. Hopkins, President and Chief Executive Officer of Hopkins Bancorp, Inc., remarked, "I am excited about the additional financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. we will be offering our customers as a part of CBT Corporation. We are impressed with CBT's consumer and commercial banking expertise, as well as their ability in the areas of trust and brokerage services. I think this will also create some excellent opportunities for our staff to grow and develop. The banking philosophy of our company and CBT is very compatible and should result in a `win' for our customers and CBT shareholders." Jones added, "The addition of the three Citizens State Bank offices in neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. Ballard County helps us continue to fill out our Western Kentucky service area." He commented that "CBT Corporation and its officers and staff are committed to fulfilling the financial needs of the families and businesses in Western Kentucky. We believe the addition of Citizens State Bank's customers and staff will help us achieve this goal." CBT Corporation currently has five banks in the holding company and the addition of Citizens State Bank would increase the total assets to $960 million. The CBT bank affiliates include: Citizens Bank & Trust Company in Paducah; Pennyrile Citizens Bank & Trust in Hopkinsville, Ky.; The Bank of Marshall County Marshall County is the name of twelve counties in the United States:
CBT Corporation also has an affiliate company, Fidelity Credit Corporation, with 25 offices located throughout the state of Kentucky. The acquisition is subject to regulatory approval and is expected to close prior to year-end. CONTACT: CBT Corporation William J. Jones, 502/575-5139 or Hopkins Bancorp, Inc. Lynn N. Hopkins, 502/335-3457 |
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