Community Trust Bancorp, Inc. ("CTBI") is a bank holding company
registered with the Board of Governors of the Federal Reserve System pursuant
to Section 5(a) of the Bank Holding Company Act of 1956, as amended. CTBI was
incorporated August 12, 1980, under the laws of the Commonwealth of Kentucky
for the purpose of becoming a bank holding company. Currently, CTBI owns all
the capital stock of one commercial bank and one trust company, serving small
and mid-sized communities in eastern, northeastern, central, and south central
Kentucky, southern West Virginia, and northeastern Tennessee. The commercial
bank is Community Trust Bank, Inc., Pikeville, Kentucky ("CTB") and
the trust company is Community Trust and Investment Company, Lexington, Kentucky.
Through its subsidiaries, CTBI engages in a wide range of commercial and personal
banking and trust and wealth management activities, which include accepting
time and demand deposits; making secured and unsecured loans to corporations,
individuals and others; providing cash management services to corporate and
individual customers; issuing letters of credit; renting safe deposit boxes;
and providing funds transfer services. The lending activities of CTB include
making commercial, construction, mortgage, and personal loans. Lease-financing,
lines of credit, revolving lines of credit, term loans, and other specialized
loans, including asset-based financing, are also available. Our corporate subsidiaries
act as trustees of personal trusts, as executors of estates, as trustees for
employee benefit trusts, as paying agents for bond and stock issues, as investment
agent, as depositories for securities, and as providers of full service brokerage
and insurance services.
We, as a registered bank holding company, are restricted to those activities
permissible under the Bank Holding Company Act of 1956, as amended, and are
subject to actions of the Board of Governors of the Federal Reserve System thereunder.
We are required to file an annual report with the Federal Reserve Board and
are subject to an annual examination by the Board.
Community Trust Bank, Inc. is a state-chartered bank subject to state and federal
banking laws and regulations and periodic examination by the Kentucky Department
of Financial Institutions and the restrictions, including dividend restrictions,
thereunder. CTB is also a member of the Federal Reserve System and is subject
to certain restrictions imposed by and to examination and supervision under
the Federal Reserve Act. Community Trust and Investment Company is also regulated
by the Kentucky Department of Financial Institutions and the Federal Reserve.
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