Bailout Bank Bio: Bank of Kentucky

Aug 5, 2009 | 2 min read | Print Article

The Bank of Kentucky Financial Corporation operates as the bank holding company for The Bank of Kentucky, Inc., which provides various consumer and commercial financial services in northern Kentucky. It primarily engages in generating deposits and originating loans. The company’s deposit products include regular passbook savings, negotiable order of withdrawal, money market deposit, term certificate, and individual retirement accounts. Its lending portfolio comprises origination of loans secured by first mortgages on nonresidential real estate; loans secured by first mortgages on one-to four-family residences; commercial loans secured by various assets of the borrower; unsecured consumer loans and consumer loans secured by automobiles, boats, and recreational vehicles; and construction and land development loans secured by mortgages on the underlying property, as well as offers credit cards. As of December 31, 2007, The Bank of Kentucky Financial Corporation operated 28 branches in Boone, Kenton, Campbell, Gallatin, and Grant Counties. The company was founded in 1990 and is based in Crestview Hills, Kentucky.

The Bank of Kentucky accepted $34 Million in exchange for preferred stock with warrants on February 13, 2009, as part of the Capital Purchase Program.

Federal Equity Investment	$34 Million
Total Revenue	$83,450 (2008)
Net Income	$11,341 (2008)
Number of Employees	264
Corporate Headquarters	Crestview Hills, KY
Business Sector	Banking
Officers and Directors	Mr. Robert W. Zapp Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Bank of Kentucky Inc Other Officers and Directors
Corporate Website	http://www.bankofkyhb.com
Executive Compensation	Bank of Kentucky Financial