Whitaker Bank Inc. will acquire Kentucky Trust Company of Danville, allowing Whitaker Bank to off er trust services to customers in all of its banking offices across central and eastern Kentucky.
As of January 1, Whitaker Bank will provide services including financial planning, investment management, account administration for individual investors, trust management and estate administration.
“We are continuously looking for opportunities to add value to our customer relationships,” says Tom Hinkebein, president of Whitaker Bank. “The acquisition of Kentucky Trust will allow us to provide trust services for wealth management and growth.”
The acquisition will result in additional resources and services to employees, clients and customers of both Kentucky Trust and Whitaker Bank, a bank spokesman said
“Whitaker Bank is excited to add another strong and experienced company, Kentucky Trust, to the Whitaker Family of financial services,” says Elmer K. Whitaker, chief executive officer of Whitaker Bank. “We continue our commitment to off er a balanced mix of financial services that meet the needs of our fellow Kentuckians!”