Limestone Bancorp Inc (LMST)

Overview

Limestone Bancorp, Inc. serves as the parent company of Limestone Bank, Inc., specializing in an extensive range of banking solutions tailored for both individual and corporate clients. The bank is deeply rooted in the communities it serves, focusing on the financial needs of small to medium-sized businesses, their owners and employees, as well as other professionals and executives. Established in 1902 and based in Louisville, Kentucky, Limestone Bancorp transitioned from its former name, Porter Bancorp, Inc., to its current name in May 2018. The bank operates 20 branches across 14 counties in Kentucky, aiming to provide accessible and convenient banking options for its clientele.

Products and Services

• Deposit Solutions:

  Limestone Bank offers a variety of deposit products, including savings accounts, interest-bearing checking accounts, and money market accounts. Fixed-rate certificates of deposit (CDs) with various maturity terms are also available, allowing customers to choose options that suit their financial planning needs.

• Commercial Loans:

  For businesses, Limestone Bank provides an array of commercial lending products designed to support operational needs. This includes financing for equipment purchases, working capital, and other business expenses, as well as commercial real estate financing for owner-occupied, tenant-leased properties, and construction projects.

• Consumer Loans:

  Individuals can access a broad selection of residential real estate loans and consumer loans, which can help finance home purchases or support personal financial needs.

• Agricultural Loans:

  Supporting the agricultural community, Limestone Bank offers loans secured by livestock, crops, or farm equipment, tailored to meet the unique financial requirements of farmers and agribusinesses.

• Specialized Financing:

  The bank provides niche financing options such as loans to local governments, stock-secured loans, and overdraft facilities to meet specific client needs.

• Convenience Services:

  Limestone Bank enhances customer experience through various convenience services, including drive-through facilities, ATMs, personalized checks, and credit and debit cards.

• Electronic Fund Transfers:

  Clients can easily manage their funds through electronic fund transfers (EFT) via ACH, domestic and international wire transfers, and loan and deposit sweep accounts.

• Modern Banking Services:

  In keeping with contemporary banking trends, Limestone Bank offers curbside banking, night deposit facilities, internet and mobile banking, treasury and cash management, remote deposit capabilities, and vault services.