Community Trust Bancorp Inc. (CTBI)

Overview

Community Trust Bancorp, Inc., established in 1903 and based in Pikeville, Kentucky, stands as a pivotal banking entity through its main subsidiary, Community Trust Bank, Inc. It extends its banking and financial management services across various regions, including eastern, northeastern, central, and south-central Kentucky, alongside southern West Virginia, and northeastern Tennessee. The company, by catering mainly to small and mid-sized communities, emphasizes a comprehensive approach towards commercial and personal banking, trust, and wealth management services, reflecting a broad and inclusive support system for its clientele.

Products and Services

• Banking Services

  Community Trust Bancorp offers a wide range of personal and commercial banking services. This includes accepting various deposits such as time and demand deposits, checking accounts, savings accounts, and savings certificates. They also provide individual retirement accounts (IRAs) and Keogh plans, catering to the retirement planning needs of their customers. Their banking solutions are designed to accommodate the financial management and savings requirements of both personal and commercial clients.

• Loan Portfolio

  The company's loan offerings are diverse, covering commercial, construction, and mortgage loans alongside personal loans. They provide lease-financing, lines of credit, and revolving lines of credit, enabling businesses to sustain and expand operations. Furthermore, the portfolio includes specialized loans such as asset-based financing and caters to residential and commercial real estate markets. For individuals, they offer consumer loans, addressing personal financial needs.

• Trust and Wealth Management

  Community Trust Bancorp provides a wealth of trust and wealth management services, acting as a trustee of personal trusts, executor of estates, and as a trustee for employee benefit trusts. They also function as a paying agent for bond and stock issues and offer investment agent services for securities, embodying a holistic approach to asset and estate management for their clients.

• Additional Financial Services

  Beyond traditional banking and loans, the company offers a suite of financial services, including cash management, safe deposit box rentals, and funds transfer services. They issue letters of credit to facilitate trade and provide securities brokerage services, thereby broadening their client's investment options. Their financial products also comprise debit cards, annuity, and life insurance products, offering a comprehensive financial management toolkit for their clients.

• Electronic Banking

  Embracing modern banking needs, Community Trust Bancorp delivers extensive electronic banking solutions. This includes mobile and internet banking, ensuring banking services are easily accessible for all clients. Additionally, they offer e-statement services, aligning with the growing preference for digital financial management and communication.