Kentucky Bancshares Inc
Business Description
Kentucky Bancshares, Inc. is a bank holding company headquartered in Paris,
Kentucky. The Company was organized in 1981 and is registered under the Bank
Holding Company Act of 1956, as amended (“BHCA”).
The Company conducts its business in the Commonwealth of Kentucky through one
banking subsidiary, Kentucky Bank, and one non-bank subsidiary KBI Insurance
Company.
Kentucky Bank is a commercial bank and trust company organized under the laws
of Kentucky. Kentucky Bank has its main office in Paris (Bourbon County), with
additional offices in Paris, Cynthiana (Harrison County), Georgetown (Scott
County), Lexington (Fayette), Morehead (Rowan County), Nicholasville (Jessamine
County), Richmond (Madison County), Sandy Hook (Elliott County), Versailles
(Woodford County), Wilmore (Jessamine County) and Winchester (Clark County).
The deposits of Kentucky Bank are insured up to prescribed limits by the Deposit
Insurance Fund (“DIF”) of the Federal Deposit Insurance Corporation
(“FDIC”). KBI Insurance Company is a captive insurance subsidiary
and was incorporated in 2014.
The Company’s current business strategy is to operate a well-capitalized,
profitable and independent community bank with a significant presence in Central
and Eastern Kentucky. Management believes the optimum way to grow the Company
is by attracting new loan and deposit customers within its existing markets
through its product offerings and premier customer service. Management continues
to consider opportunities for branch expansion and will also consider acquisition
opportunities that help advance its strategic objectives.
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