75 Years for Central Bank

Celebrating 75 Years of Central Bank

In 1938, J.D. Purcell and Harry W. Moores organized The Central Exchange Bank at the corner of Short Street and Upper Street in downtown Lexington. Later, in 1945, Garvice D. Kincaid purchased the Bank from the estate of Mr. Purcell and shortened the name to Central Bank. By April 1946, Central Bank opened for business.

Mr. Kincaid founded Central Bank on the idea that banks can and should be pillars of their communities – in good times and in bad. As a result of his dedication to this core tenet, Central Bank has grown significantly from its humble beginnings at the corner of Short and Upper streets. Today, the Bank is proud to be community fixtures in eight counties, serving the cities of Berea, Crestview Hills, Florence, Ft. Mitchell, Georgetown, Lexington, Louisville, Nicholasville, Richmond, Union and Winchester.

“We are now and have always been a community bank,” said Luther Deaton, Jr., Chairman, President & CEO. “Yet, being a bit smaller than other banks has not kept us from introducing an impressive list of financial innovations – all designed to make our customers’ financial lives easier.”

Central Bank was the first bank in Central Kentucky to install a vault (1951), offer Saturday morning hours (1956), and provide drive-through banking facilities (1962) and online ATMs (1978). Today, they remain committed to offering the latest digital conveniences to our customers through our online, mobile and phone banking services.

“While we pride ourselves on offering a robust suite of products and services, we are most proud of our reputation for excellent customer service and dedication to personal, relationship banking,” added Deaton. “In the words of our founder, and our owner Joan Kincaid’s father, ‘No one person is responsible for our success. It has been a team effort.’

“Joan and I echo Mr. Kincaid’s sentiments as we thank our loyal customers and dedicated employees without which the last 75 years would not have been possible. As we celebrate Central Bank’s 75th anniversary throughout 2021, we hope you will share in our excitement and pride.” Old Central Bank Building (Lexington Building)

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The KBPAC supports legislators and others who have supported the banking industry. That helps the banking industry stay strong.

Some of the changes that have been made in the last decade have attempted to push banking into formula-type services, without regard to the needs of individuals in various communities. Formula-type services reduces the need for bankers and allows reliance on automation to the detriment of employees. By supporting like-minded individuals, KBPAC helps us keep some of the best jobs in the country! KBPAC is less interested in party affiliation than it is with industry support. KBPAC does not limit its contributions to one political party. KBPAC contributions are public. KBPAC contributions do not guarantee that a candidate will vote our way. That is against the law. It does mean we are doing all we can to help legislators who understand our issues stay in office.

Contributions to Kentucky Bankers PAC and Kentucky Bankers Committee for State Government (each referred to as KBPAC in this disclosure) will be used in connection with state and federal elections, respectively. Contributions to KBPAC are voluntary and may not be deducted as charitable contributions. KBPAC may not accept corporate contributions. Contributions will be reported to the Kentucky Registry of Election Finance and the Federal Election Commission, as required. You may decline to contribute without fear of reprisal. You may contribute more or less than the amounts suggested and you will not benefit or be disadvantaged because of the amount contributed or decision to participate at all.

Mathews & Muir Retire After a Combined 94 Years

Wilson & Muir Bank congratulates Senior VP, Sharron Mathews and CSR, Susan Muir, as they begin their retirement after an astounding tenure of 45 years and 49 years respectively. “If the Board of Directors is the head and the employees the body of the institution, Susan and Sharron are the key parts of the heart and soul,” said Frank B. Wilson, President and CEO of Wilson & Muir.

Sharron Mathews began her career with WMB in 1975 holding positions in New Accounts; Loan Administration and Operations; Mortgage Lending; and Branch Management. Sharron has played a key role throughout her tenure including her position as Secretary to the Board since 2006. She remains passionate about her community with involvement in local charities.

Banking has been a family affair for Susan Muir who began her career working after school at the bank in 1971 at the Muir Wilson & Muir Bank in Bloomfield where her father, Nat J. “Sonny” Muir, Jr. was Vice President. Following that bank’s merger with Wilson & Muir Bank & Trust Co. in 1983, Susan moved to the Main office in Bardstown where she would become a Client Service Representative. “There is no way to replace either of them because each brings such a unique enthusiasm and energy to the workplace,” said Wilson. “They have clearly left their indelible mark on me and there are dozens, perhaps, hundreds in the WMB bloodline that feel the same. I am eternally grateful they have blessed us with their talents, their work ethic, their positive and rosy attitude and mostly their dear friendship. We may not be the same without them, but we are better because of them.”

Sharron Mathews Susan Muir