Kentucky

Republic Bancorp in Louisville, Ky., plans to enter warehouse lending by the second quarter after hiring a top executive from National City Corp.

The $1.9 billion-asset company said in a Monday press release that Richard Northern, a corporate lawyer in the Louisville office of Wyatt, Tarrant & Combs, will join the board on Jan. 18.

More companies are shuttering branches obtained in Federal Deposit Insurance Corp.-backed deals. In most cases, buyers took on branches in markets beyond their geographical scope, or came to a later realization that it would cost too much to maintain and compete for greater market share in single-branch markets.

Bank of Kentucky Financial Corp. in Crestview Hills has raised $28.1 million of capital that will go toward repaying the Treasury Department.

Community Trust Bancorp Inc. in Pikeville, Ky., completed its purchase of LaFollette National Corp. in LaFollette, Tenn., the companies announced.

The $1.5 billion-asset company said in a Tuesday filing with the SEC that it expects to raise up to $26.1 million by selling 1.5 million shares of common stock at $17 a share.

Porter Bancorp Inc. in Louisville, Ky., said that an institutional investor had purchased another $745,016 of stock, completing its $5 million investment in the company.

Porter Bancorp Inc. of Louisville, Ky., said Thursday that its shareholders approved several changes related to a stock conversion that will help complete two private placements totaling $31.3 million in capital.

First Security Inc. in Owensboro, Ky., decided on the latter last week when it decided to call off a deal to buy three Indiana branches and a pool of loans from the struggling, $3 billion-asset Integra Bank Corp.

Republic Bancorp Inc. reported a 22% jump in second-quarter net income compared with a year earlier, and growth in its tax-refund business generated more than half its earnings, the company announced Thursday.

Integra Bank Corp. has sold two Kentucky branches and more than $40 million in loans to Cecilian Bank as part of a plan to boost capital and reduce nonperforming assets.

FNB Bank Inc. of Mayfield, Ky., has agreed to buy three Kentucky bank branches and a pool of loans from Integra Bank of Evansville, Ind.

S.Y. Bancorp Inc. in Louisville announced revised fourth-quarter and full-year results after discovering a fraud-related problem loan.<

The struggling Integra Bank Corp. in Evansville, Ind., has announced its third branch-sale deal of the year.

Cecilian Bank in Cecilia, Ky., has agreed to purchase two branches and a pool of commercial loans from the struggling Integra Bank of Evansville, Ind., the companies announced Wednesday.

Porter Bancorp Inc. of Louisville, Ky., moved ahead Friday with plans to buy Citizens First Corp. directly from shareholders, after getting snubbed by the board.

If at first you don't succeed, go hostile? That's Porter Bancorp Inc.'s strategy as the $1.7 billion-asset company pursues the $339 million-asset Citizens First Corp. in Bowling Green, Ky.

The failures of $2.7 billion-asset Irwin Union Bank and Trust Co. and $493 million-asset Irwin Union Bank were estimated to cost the Deposit Insurance Fund a total of $850 million.

The failures of $2.7 billion-asset Irwin Union Bank and Trust Co., of Columbus, Ind., and $493 million-asset Irwin Union Bank, of Louisville, Ken., were estimated to cost the Deposit Insurance Fund a total of $850 million.