The McCreary County Record

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March 12, 2014

Better Together

Bank of McCreary County and First Trust and Savings Bank Announce Merger, New Name

WHITLEY CITY — The Board of Directors of McCreary Bancshares, Inc. announced today that plans are progressing to complete a merger of Bank of McCreary County of Whitley City, KY and First Trust and Savings Bank of Oneida, TN.

    Combined, the banks have served the Cumberland region for almost 200 years. Bank of McCreary County was founded in 1906, and First Trust and Savings Bank was founded in 1923. The newly merged bank will be called United Cumberland Bank and will have total assets in excess of $280 million.

    "This merger has been in the planning stages for months, and we are excited to see it come to fruition," said Gordon Kidd, President and Chief Executive Officer of Bank of McCreary County. "It is a privilege to have served the communities of the Cumberlands for generations, and this merger allows us to continue to do that on a larger scale, responding to the growth of the region and serving our customers at the highest level."

    Jim Johnson, President and Chief Executive Officer of First Trust and Savings Bank, continued, "United Cumberland Bank's new tagline is 'Generations of Trust. Neighbors You Know.' and this really sums up our philosophy of service to this community. We live, work, and play here, just like our customers. We think that's what makes this bank so special.”

    The merger is expected to be completed on April 14.

    United Cumberland Bank will have 7 branches in Whitley City and Pine Knot, Kentucky, and Oneida, Huntsville, and Jacksboro, Tennessee. All branches will remain, and most all employees will continue to serve in their current positions. Customers will be able to continue their banking at all branches as usual.

    A new logo, new branch signage, new website and advertising are completed or underway. The new website will be available to Bank of McCreary County customers on April 2 and will be available to First Trust & Savings Bank customers on April 14. An FAQ on the merger is located at: http://www.bomconline.com/home/abo/ucb and http://www. ftsbonline.com/home/abo/ucb Logo artwork and high resolution photographs are available for publication.

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Hatfield Lane 22 marijuana plants

The McCreary County Sheriff’s Office seized a total of 22 marijuana plants Saturday evening from a residence on Hatfield Lane in Whitley City. That case will be presented to the grand jury, but three individuals encountered during the investigation were arrested on unrelated charges.

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