Community Trust Bancorp
| Community Trust Bank | |
| Company type | Public |
| Template:NASDAQ | |
| Industry | Financial services |
| Founded | 1903 (originally Pikeville National Bank) |
| Headquarters | , |
Number of locations | 81 |
Area served | Eastern, northeastern, central, and south-central Kentucky, southern West Virginia, northeastern Tennessee |
Key people | Mark A. Gooch (CEO) |
| Products | Banking services, investments |
 $78.0 million (2023) $81.8 million (2022) | |
| Total assets |  $5.5 billion (2023) $5.4 billion (2022) |
| Total equity | US$702 million (2023) US$628 million (2022) |
Number of employees | 967 (2023) |
| Website | www |
Community Trust Bancorp is a regional bank holding company in the United States, established in 1903 under the name Pikeville National Bank. Its main office is situated in Pikeville, Kentucky, and it operates through Community Trust Bank along with Community Trust and Investment Company based in Lexington, Kentucky.
The bank manages more than 80 branches predominantly located across eastern, northeastern, central, and south-central Kentucky. As of 2023, it held deposits totaling approximately US$4 billion and commanded a market share of 3.53%. It ranks as the second-largest banking institution headquartered in Kentucky, following Stock Yards Bank of Louisville.
History
The institution was founded on November 27, 1903, as Pikeville National Bank during a period of economic expansion fueled by coal mining and energy sector development. J. E. Yost was the inaugural president, serving until 1912.
In response to the financial challenges of the 1930s Great Depression, the bank grew by acquiring the troubled National Bank of Hellier, Kentucky and Day and Night National Bank located in Pikeville.
Branch expansion commenced in 1969 with the establishment of a location in Phelps, Kentucky. The bank also pioneered several advancements including the introduction of VISA credit cards, implementation of computerized transaction systems, and the formation of new operational units such as Audit and Credit departments.
In 1981, the headquarters relocated from downtown Pikeville to North Mayo Trail. That same year marked the creation of a holding company structure to facilitate further expansion; at that time, the bank employed approximately 160 individuals across 17 departments.
The entity adopted the name Community Trust Bancorp, Inc. in 1997.
Services
Community Trust Bank offers a full range of personal and commercial banking solutions, whereas Community Trust and Investment Company focuses on trust administration and investment management services.
Further reading
Much of the historical information is sourced from the 1981 publication Pikeville National Bank: The First 79 Years, available via the Pike County Historical Society.
External links
- Official website
- Financial information on Community Trust Bancorp (CTBI): Reuters, Bloomberg, SEC filings, Yahoo Finance, Google Finance