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TRANS FINANCIAL BANCORP EXPANDS FURTHER IN KENTUCKY

 BOWLING GREEN and PIKEVILLE, Ky., March 25 /PRNewswire/ -- Trans Financial Bancorp, Inc. (NASDAQ: TRFI) and Trans Kentucky Bancorp (AMEX: TKB), today announced that they entered into a definitive agreement providing for the acquisition of Trans Kentucky Bancorp in an all-cash transaction.
 Trans Kentucky, headquartered in Pikeville, Kentucky is the $190 million one-bank holding company for Citizens Bank, Pikeville (Pike County).
 Under the terms of the agreement, Trans Kentucky Bancorp shareholders will receive approximately $18,500,000 in exchange for all 191,000 shares of outstanding common stock of Trans Kentucky Bancorp.
 Douglas M. Lester, chairman and chief executive officer of Trans Financial stated, "Citizens is an outstanding opportunity to affiliate a quality staff and bank into our network. We think this will be a strong base on which to build in the region."
 Trans Kentucky Bancorp Chief Executive Officer Daniel P. Stratton, said, "The benefits of affiliation with Trans Financial are many and varied. The full range of Trans Financial products and services will contribute significantly to our product lines and enable us to participate more fully in the economic development of Pike County and the surrounding region."
 The acquisition is subject to the approval of the shareholders of Trans Kentucky Bancorp and the appropriate regulatory authorities. It is anticipated the transaction will be concluded by early third quarter.
 Trans Financial serves Kentucky and Tennessee through 30 offices. Its stock is traded in the NASDAQ National Market System under the symbol TRFI.
 TRANS FINANCIAL BANCORP, INC.
 AND TRANS KENTUCKY BANCORP
 Dec. 31, 1992
 (In thousands of dollars)
 Trans Financial Trans Kentucky
 Bancorp, Inc. Bancorp
 End of Period Balance Sheets
 Loans, net $545,758 $103,109
 Loans held for sale 24,238 0
 Loan loss reserve 5,537 1,966
 Earning assets 889,124 173,825
 Assets 978,481 186,772
 Deposits 860,338 161,412
 Common equity 69,532 17,411
 Total equity 69,532 17,411
 Book value 9.42 91.30
 Intangibles 5,909 0
 Outstanding shares 7,378 191
 No. of full-service offices 30 7
 Nonaccrual loans 2,750 963
 Restructured loans 655 --
 90 days past due 2,643 26
 OREO 7,410 1,275
 Total nonperforming 13,458 2,264
 Nonperforming loans/loans 1.11 pct. 0.96 pct.
 Nonperforming assets/assets 1.38 pct. 1.21 pct.
 Income statements:
 Interest income (FTE) 63,741 14,875
 Interest expense 32,011 6,102
 Net int. income (FTE) 31,730 8,773
 Loan loss provision 1,216 500
 Non-Int. income 11,064 838
 Non-Int. expense 27,498 7,077
 Pretax income (FTE) 14,080 2,034
 Income taxes 5,020 354
 Net income 9,060 1,680
 Primary EPS 1.30 8.81
 Fully diluted EPS 1.30 8.81
 Net charge-offs 887 460
 Return on average assets 1.09 pct. 0.89 pct.
 Return on average common equity 14.02 pct. 10.04 pct.
 Return on average equity 14.02 pct. 10.04 pct.
 Tax-equiv. adjustment 343 --
 Net interest margin (FTE) 4.32 pct. 4.76 pct.
 Efficiency ratio 68.12 pct. 73.63 pct.
 Average outstanding shares 6,906 191
 -0- 3/25/93
 /CONTACT: Douglas M. Lester, 502-745-7550 or Barry D. Bray, 502-745-7530, both of Trans Financial Bancorp or Daniel E. Stratton of Trans Kentucky, 606-437-2736,
 (TRFI TKB)


CO: Trans Financial Bancorp, Inc.; Trans Kentucky Bancorp ST: Kentucky IN: FIN SU: TNM

KD-WB -- NY084 -- 9827 03/25/93 17:38 EST
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Date:Mar 25, 1993
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