Community Trust Bank N.A. Closed Its Purchase of Five PNC Bank Branches in Central Kentucky.PIKEVILLE, Ky.--(BUSINESS WIRE)--Sept. 21, 1998--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 ) and PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Bank Corp. (NYSE NYSE See: New York Stock Exchange :PNC) today announced that their banking subsidiaries, Community Trust Bank, N.A. and PNC Bank, N.A., closed Community Trust Bank's purchase of five branches from PNC with total deposits of approximately $195,000,000. These branches are located in Richmond, Winchester and Harrodsburg, all located in central Kentucky Central Kentucky is sometimes considered the Central and Southern part of the Bluegrass region, the Far Upper Western Eastern Mountain Coal Fields, and the Far Upper Eastern Pennyroyal regions. Its major cities include Lexington and Frankfort. . This acquisition along with the acquisition of seven Bank One branches in West Virginia on June 26, 1998, adds over $400,000,000 to CTBI's deposits increasing CTBI's assets to over $2,250,000,000. Community Trust Bancorp, Inc. is based in Pikeville, Kentucky, with seventy-one banking locations in Kentucky and West Virginia including the cities of Pikeville, Lexington, Winchester, Berea, Campbellsville, Ashland, Somerset, London, Williamsburg, Middlesboro, Whitesburg, Flemingsburg, Mt. Sterling and Versailles in Kentucky; Hamlin, West Hamlin, Alum Creek, Fort Gay, Summersville, and Williamson in West Virginia; and the locations listed above in central Kentucky. |
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