Kentucky

Farmers Capital Bank in Frankfort, Ky., has announced a plan to restructure its balance sheet.

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.

Career development/training program: Employees receive a gold coin each time Independences adds another $100 million in assets. Accumulating 10 coins gets an employee a chance to go to Disney World for three days of training in customer service excellence.

Popular with employees: Once a month United Community hosts a potluck to celebrate employees' birthdays.

Activity to relieve stress/promote fun: Employees participated in a six-week cooking class hosted at one Kentucky Farmers Bank location that has a full kitchen. The cost was minimal for employees to participate, and the instructor showed attendees how to prepare dishes in a healthier way.

Popular with employees: Employees can get interest-free loans to buy computers and fitness equipment.

Farmers Capital Bank in Frankfort, Ky., will consolidate its four banks under a single charter.

PNC Financial Services Group has been named the official bank of the University of Kentucky, its 50th such partnership with a college or university.

Porter Bancorp in Louisville, Ky., used part of $5 million it raised in a private placement to become current on interest payments on some debt holdings.

Commerce Union Bancshares in Brentwood, Tenn., plans to close mortgage offices in Ohio, Illinois and Kentucky and to transfer the employees to Bridgeview Bank Group in Bridgeview, Ill.

Poage Bankshares in Ashland, Ky., has promoted Thomas Burnette to chairman of the boards of the company and its Town Square Bank subsidiary.

Farmers Capital Bank in Frankfort, Ky., plans to extinguish $15 million of subordinated debt. The $1.8 billion-asset company expects to record a $4.1 million pretax gain during the first quarter from the transaction.

The $933-million asset institution said in a press release Tuesday that the technology, provided by Louisville-based R.C. Giltner Services, will enable consumer and small-business customers to complete the loan application process in minutes.

First United Bancorp in Madisonville, Ky., has agreed to buy Town & Country Financial in Beaver Dam, Ky.

The $30.2 million-asset Citizens, in Hartford, Ky., agreed to pay a 1.77% premium for the branch's average daily balance of assumed deposits for the ten days prior to the closing date.

Old National said that by owning the branches instead of leasing them, it would have greater control of the properties, classify the branches as assets on its balance sheet and become more efficient.

Republic Bancorp in Louisville, Ky., has agreed to buy Cornerstone Bancorp in St. Petersburg, Fla.

First Cecilian Bancorp in Cecilia, Ky., has agreed to buy Farmers Bancshares in Hardinsburg, Ky.

Porter Bancorp in Louisville, Ky., has Edmond Seifried to its board. Seifried, 68, is executive director of the Sheshunoff Affiliation Program, which provides education and an idea exchange to community bankers.

Poage Bankshares in Ashland, Ky., has promoted its bank president to chief executive, following the resignation of Ralph "Gene" Coffman.