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Five Kentucky banks commit funds to start USD 125m infrastructure fund.

BANKING AND CREDIT NEWS-February 11, 2019-Five Kentucky banks commit funds to start USD 125m infrastructure fund

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Five Kentucky-based banks have announced they have launched the USD 125 million Western Kentucky Infrastructure Fund (WKIF)investment fund to support public-private partnership (P3) projects throughout Kentucky, the companies said.

The institutions are among the largest community banks in the state, including:

-Field & Main Bank, Inc.

-The Paducah Bank & Trust Co.

-Security Bank & Trust Co.

-Stock Yards Bank & Trust Co.

-Traditional Bank Inc.

WKIF will provide debt financing to both the public and private sector for public-private partnerships (P3). Additionally, it will fund infrastructure projects in Western Kentucky where many of these may be direct with the municipality or with a private developer.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:1U6KY
Date:Feb 11, 2019
Words:138
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