CBT Corp., Paducah, Ky., has elected David M. Paxton, a director since 1991, as chairman.

Mr. Paxton is vice president and chief financial officer of Paxton Media Group Inc., which publishes about 15 daily newspapers and several weeklies.

At $1 billion-asset CBT he succeeded William J. Jones, who was acting chairman and remains president and chief executive officer. Mr. Jones had inherited all three top posts from the retired Patrick J. Cvengros, who remains a director.

CBT owns Citizens Bank and Trust Co. and Fidelity Credit Corp., both in Paducah; Pennyrile Citizens Bank and Trust Co., Hopkinsville; Bank of Marshall County, Benton; Graves County Bank, Mayfield; and United Commonwealth Bank, Murray.

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