Description

Community Trust Bancorp, Inc. operates as the holding company of Community Trust Bank, Inc. that provides commercial and personal banking services to small and mid-sized communities. It offers time and demand deposits, checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and individual retirement accounts and Keogh plans, as well as savings certificates. The company also provides loan products, such as residential and commercial real estate loans; consumer, commercial, construction, mortgage, and personal loans; and lease-financing, lines of credit, revolving lines of credit, and term loans, as well as other specialized loans, including asset-based financing. In addition, it offers full service securities brokerage services; annuity and life insurance products; debit cards; cash management services to corporate and individual customers; letters of credit; safe deposit boxes rental; trust and wealth management services; repurchase agreements; and funds transfer services. Further, the company acts as a trustee of personal trusts, executor of estates, trustee for employee benefit trusts, and paying agent for bond and stock issues; and as an investment agent and depositor for securities. It operates through 80 banking locations in eastern, northeastern, central, and south central Kentucky, as well as in southern West Virginia and northeastern Tennessee; 4 trust offices across Kentucky; and 1 trust office in northeastern Tennessee. The company was founded in 1903 and is headquartered in Pikeville, Kentucky.