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Community Trust Bankcorp
Community Trust Bankcorp

-4.0%

Financial services / Banking and Financial Services

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Community Trust Bankcorp is a regional financial services company headquartered in Pikeville, Kentucky. The company was founded in 1903 and has grown to become one of the largest banking institutions in Kentucky, with over 80 banking locations serving communities throughout the state.
The company offers a range of financial products and services, including personal and business banking, investment services, and mortgage lending. It also provides online and mobile banking options for its customers.
As a community-focused bank, Community Trust Bankcorp is committed to supporting the growth and development of the communities it serves. It has a long history of involvement in various charitable and community programs, and its employees are encouraged to volunteer and make a positive impact in the areas they live and work.
Community Trust Bankcorp is dedicated to providing personalized and high-quality customer service, and prides itself on its strong relationships with its customers. It continues to expand its reach and offerings, while staying true to its motto of "We want to be your bank for life."
What is special about the company?
There are a few noteworthy things that make Community Trust Bankcorp stand out as a company:
1. Community-focused: As the name suggests, Community Trust Bankcorp has a strong focus on serving the local communities where its branches are located. The company strives to develop relationships with its customers and actively supports community initiatives and organizations.
2. Long-standing history: The company has a long history, dating back to 1903 when it was originally founded as the People's Bank of Pikeville. Over the years, it has grown and expanded its services, but it still maintains a strong connection to its roots and values.
3. Employee-owned: Community Trust Bankcorp is an employee-owned company, meaning that its employees have a stake in the business and are rewarded for their contributions. This ownership structure can foster a strong sense of commitment and dedication among employees.
4. Financial stability: The company has a solid financial track record and has consistently been profitable over the years. It has also received strong credit ratings from major rating agencies, demonstrating its financial strength and stability.
5. Diverse range of financial services: Community Trust Bankcorp offers a diverse range of financial services to meet the needs of its customers, including personal and business banking, loans, investment services, insurance, and more.
6. Commitment to innovation: Despite its long history, Community Trust Bankcorp has also embraced technology and innovation in its operations. It offers online and mobile banking services and has invested in new technologies to improve the customer experience.
All of these factors contribute to making Community Trust Bankcorp a unique and reputable company in the banking industry.
What the company's business model?
The Community Trust Bankcorp company's business model is primarily focused on providing banking and financial services to individuals and businesses in the communities it serves. This includes deposit accounts, loans, investments, and other financial products and services. The company's strategy is to establish strong relationships with its customers, offer personalized and competitive products, and maintain a solid financial standing to help contribute to the growth and development of the communities it serves. Community involvement and support is also a key aspect of the company's business model.
Interesting facts about the company
1. Community Trust Bankcorp was founded in 1903 by a group of local businessmen in Pikeville, Kentucky.
2. The company remained locally owned and operated for over 100 years before being acquired by Community Trust Bancorp, Inc. in 2009.
3. Community Trust Bancorp, Inc. was founded by its current chairman, James Booth, in 1962 with just one bank in Pikeville, Kentucky.
4. Today, Community Trust Bancorp, Inc. has over $4 billion in assets and is one of the largest banking institutions in Kentucky.
5. In addition to banking services, Community Trust Bancorp, Inc. also offers trust and wealth management, insurance, and investment services through its subsidiary, Community Trust and Investment Company.
6. Community Trust Bancorp, Inc. is dedicated to giving back to the communities it serves, with a focus on education, healthcare, and economic development.
7. The company has received numerous awards and recognition for its commitment to its communities and its customers, including being named one of America’s 100 Most Trustworthy Companies by Forbes in 2015 and 2016.
8. Community Trust Bancorp, Inc. has expanded beyond its home state of Kentucky and now has locations in four states: Kentucky, West Virginia, Tennessee, and Ohio.
9. In addition to traditional banking services, Community Trust Bankcorp also offers innovative products such as MyCT, a personalized, online banking tool.
10. Community Trust Bancorp, Inc. has continually been recognized as a top-performing bank, earning a five-star rating from BauerFinancial, Inc. for 25 consecutive years.
11. Community Trust Bankcorp has a long history of supporting local businesses and entrepreneurs, providing small business loans and other financial services to help promote economic growth in the communities it serves.
12. The company is committed to sustainability and has implemented various environmentally-friendly initiatives, such as energy-efficient buildings and paperless banking services.
13. Community Trust Bankcorp takes pride in its strong relationships with customers, many of whom have been with the company for generations, creating a true sense of community banking.

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