President's Letter

 

January 14, 2013

I would like to personally welcome you to our website and to Bank of Lexington.

In 2005, a group of investors made the decision to enter the banking marketplace in Lexington, Kentucky. These organizers believed that with their support and a management team of local experienced bankers, they could successfully compete with more established local banks and large out of state banks. They were able to put together an officer team which averaged 18 years of experience in the Lexington and Bluegrass area. They felt this local “team” could separate itself from its competitors by creating a “neighbor to neighbor” community bank atmosphere.

I am proud to report to you, since our February 2006 opening, Bank of Lexington has grown to over $191 million in assets and $154 million in loans. Our total number of deposit accounts now exceed 3,500 leading to a deposit base of $157 million. Our third location, opened on December 31st on Tates Creek Road and Malabu Drive, and will enable us to better serve our customers and reach out to new clients searching for a local community bank.

Our strength of knowing our community and dealing one-on-one with our clients while structuring products to meet their needs enabled us to exceed our short-term goals. For those of you who are banking with us, we thank you. For those of you who are seeking a new bank which offers unique as well as traditional products, we look forward to meeting you. Our board of directors, officers and entire staff, would like to serve your banking needs..

Craig Dunn

President