PIKEVILLE, Ky.--(BUSINESS WIRE)--
Community Trust Bancorp, Inc. (NASDAQ:CTBI) is pleased to announce that
in recognition of the contribution of the Company’s employees to the
ongoing success of Community Trust Bancorp, Inc. and the positive impact
the changes in tax laws will have on the Company, a special bonus for
employees. All full time employees will receive a special bonus of
$1,000 and employees classified as part time will receive a $500 bonus.
Executive Management will not participate in this special bonus. The
bonus will be paid to employees as soon as the new tax tables are
released in 2018 so that employees may receive the full benefit of the
reduction in tax rates.
Management and the Boards of Directors continue to believe that our most
valuable assets are our employees and are pleased that changes in the
tax laws facilitate our ability to recognize their hard work and
dedication to the success of CTBI.
Community Trust Bank, Inc. is the wholly owned subsidiary of Community
Trust Bancorp, Inc., which has assets of $4.1 billion and is
headquartered in Pikeville, Kentucky. Community Trust Bancorp, Inc. has
70 banking locations across eastern, northeastern, central and south
central Kentucky, six banking locations in southern West Virginia, four
banking locations in Tennessee and four trust offices across Kentucky
and one trust office in Tennessee.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171222005520/en/
Community Trust Bancorp, Inc.
Jean R. Hale, 606-437-3294
Chairman,
President & CEO
Source: Community Trust Bancorp, Inc.