Farmers Capital Bank Corp. in Frankfort, Ky., has yet another deal for a Kentucky bank company named "Citizens."
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The multibank holding company bought the $184 million-asset Citizens Bancorp in Newport last year and the $80 million-asset Citizens Bank in Georgetown the year before. On Wednesday the $1.7 billion-asset Farmers said it has a deal to buy Citizens National Bancshares Inc. in Nicholasville for $30 million in cash and stock.
Citizens is the $153 million-asset parent of the 10-year-old Citizens National Bank of Jessamine County. The four-branch bank would continue to operate under that name.
The deal is expected to close in the third quarter.
