First Citizens' CEO Quits as Ky. Parent Prepares to Consolidate

The chief executive of First Citizens Bank in Elizabethtown, Ky., has quit.

Scott Conway's resignation from the $292 million-asset bank took effect Aug. 29, according to a regulatory filing issued on Thursday by the bank's holding company, Farmers Capital Bank Corp. in Frankfort, Ky.

Farmers Capital did not say why Conway resigned. On Aug. 11 Farmers Capital announced plans to consolidate its four bank subsidiaries into a single company to be called United Bank & Capital Trust. Conway had been slated to be the new company's western region president.

Farmers Capital promoted Marilyn Ford to succeed Conway. Ford had been First Citizens Bank's president and chief operating officer and has worked for the bank since 1982.