Luther Deaton Jr. has been promoted to president and chief operating officer of Central Bank and Trust Co., Lexington, Ky.

Mr. Deaton will continue to be responsible for the bank's commercial and retail banking group, which includes commercial, mortgage, and consumer lending; correspondent banking; retail banking centers; private banking; special assets; loan administration, and loan review.

Mr. Deaton now has additional administrative responsibilities for long- range planning, relationship development, and day-to-day operation of the bank.

He has been with the bank since 1978.

Wayne L. Smith continues as chairman and chief Executive.

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