The Federal Reserve may be preparing to fine Community Trust Bancorp (CTBI) in Pikeville, Ky., for deceptive overdraft practices.

Fed staff has recommended that its consumer-affairs division cite the $3.6 billion-asset lender for unfair and deceptive methods of assessing overdraft fees, Community Trust disclosed Friday in a regulatory filing. Community Trust expects the Fed's action to result in a charge against earnings, but can't estimate the size of the charge, it said.

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