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The Treasury Department has successfully sold off its shares in seven more community banks as part of its ongoing effort to wind down the four-year-old Troubled Asset Relief Program.
June 14 -
The Treasury Department announced Tuesday that it plans to sell off its shares in seven more community banks as part of its ongoing effort to wind down the Troubled Asset Relief Program.
June 5 -
Profits at Republic Bancorp (RBCAA) fell in the second quarter as the Louisville, Ky., company continues to suffer from the loss of its lucrative tax-refund anticipation loan program.
July 18
Citizens Bank of Northern Kentucky has named Stephen Brunson its president and chief executive.
Brunson replaces interim chief David Van Horn, who remains a director. Citizens' previous president and CEO, Richard Barto, resigned at the end of May. A spokeswoman for the bank declined to discuss Barto's reasons for stepping down.
Brunson previously worked at Republic Bank & Trust, a unit of Republic Bancorp (RBCAA) in Louisville. He served as vice president and director of business development there for more than 18 years, according to his LinkedIn page.
The $254 million-asset Citizens, in Newport, has eight branches in three Kentucky counties. It is a subsidiary of Farmers Capital Bank Corp. (FFKT) in Frankfort, Ky., which has $1.8 billion in assets.
Citizens had a Tier 1 leverage ratio of 9.7% and total risk-based capital of 14.3% at June 30. It reported earnings of $783,000 in the second quarter and $1.5 million in 2012.
