Porter Bancorp (PBIB) of Louisville, Ky., did not have to look far to find the new leader for its struggling bank.

In the latest of several management shifts, Porter announced Thursday that John T. Taylor, who had been the president and chief executive officer at the $381 million-asset American Founders Bancorp in nearby Lexington, Ky., has been named president and chief executive of PBI Bank. Taylor also took on the president title at Porter, PBI's holding company.

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