Community Trust Bancorp, Inc. Announces the Completion of Its Acquisition of the Deposits, Loans, and Fixed Assets of the Bank of Mount Vernon.Business Editors PIKEVILLE, Ky.--(BUSINESS WIRE)--Jan. 26, 2001 Jean R. Hale, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Community Trust Bancorp, Inc. (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 :CTBI CTBI Churches Together in Britain and Ireland ) announced today the completion of its acquisition of the deposits, loans, and fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → of The Bank of Mount Vernon. The purchase included $110 million in deposits, $92 million in loans, and $1.6 million in fixed assets held by The Bank of Mount Vernon's offices in Mount Vernon, Somerset, Richmond, and Berea, Kentucky. Mrs. Hale stated, "We are pleased to expand our banking operations in these communities, and look forward to providing outstanding financial products and services to the residents of these communities." Community Trust Bancorp, Inc., with assets of $2.4 billion, is headquartered in Pikeville, Kentucky, and has 59 banking locations across eastern and central Kentucky, and 6 banking locations in West Virginia. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion