History of PBK Bank (1906 - Current)

On April 21, 1906 , Peoples Bank of Hustonville was incorporated by J.W. Hoskins, George D. Weatherford, D.M. Lipps, W.R. King, James Frye, John Dinwiddie, J.C. Burks, W.C. Greening, Joseph H. Coffey, E.P. Carpenter, S.M. Helm, G.W. Cunningham, W.M. Myers, T.F. Murphy, and J.C. Coulter. Capital Stock was $25,000 to be divided into two hundred fifty shares. There were 77 shareholders. On May 19, 1906 , the first shareholders elected as Directors were W.M. Myers, S.M. Helm, J.C. Barker, J.J. McKinney, T.F. Murphy, Emmit McCormick, S.M. Owens, Joseph Coffey, W.A. Spragens, J.C. Coulter, and E.P. Carpenter. W.M. Myers was elected President serving until 1919.

A building lot was purchased from Weatherford Hotel Co. for $150.00. The contract for building the bank was given to Fayette Brick and Supply for $3500.00. The actual cost was $3835.46. National Exchange Bank of Lexington furnished the safe and office fixtures for the sum of $1550.00. The bank opened for business on September 3, 1906 . On December 28, 1907 Roscoe Murphy was appointed Assistant Cashier at a salary of $25.00 per month.

In 1919, Mr. W.O. Sneed was elected President and served until 1925 when J.W. Hoskins took over the reins. Hoskins served until 1932. On January 12, 1932 , Edgar Murphy was elected President of the bank, serving 51 years until January 1983. Floyd  Peyton was then named President serving until his death on January 31, 1999 . At the time, Jack D. Johnson became President and still assumes the office. And on January 8, 1929 , a loan committee was formed to approve all loans exceeding $500 or more.

In January 1972, the Board of Directors accepted a bid to build an addition to the office in Hustonville. this facility served until the present Hustonville site was built in 1989. In September 1977, the Board voted to file for a full-service branch in Stanford. The office opened for business in a temporary structure on Hwy 27 South on March 12, 1979 . the present building was completed and opened on July 30, 1979 . Peoples Bank of Hustonville then employed 17 personnel.

To provide more space for our growing customer base, a third location of Peoples Bank of Hustonville was opened in September 1993 at 120 Frontier Boulevard in Wilderness Estates. With this expansion, all bookkeeping functions moved to Stanford. In September 1996, the Board of Directors voted to change the name from Peoples Bank of Hustonville to Peoples Bank of Kentucky in order to better represent our area of service.

Our fourth branch was opened in Junction City on February 14, 1997 . It was located in a mobile unit until an office was erected. Our new building was completed in September 1997 at 54 Henry Street just off Hwy 127. We opened a fifth branch in Danville in October of 1998 in a mobile unit in Southland Plaza . We moved into our new office on August 29, 1999 . This branch was a new approach to area banking. Our Danville office was the first in the State of Kentucky to have the RTS (remote teller system). This innovative technology allows tellers to be secured in a separate area with monitors and telephones in the lobby for customers. We also employed greeters to meet customers, explain new services, and serve popcorn and soft drinks from our refreshment bar. Customer Service Specialist are always available in the lobby.

A loan production office opened in Richmond in May of 1999 before becoming a full-service location in January 2000. After the Richmond expansion in 1999, our name was shortened to PBK Bank because a Peoples Bank already operated in Madison County .

The 2001 Board of Directors including Robert W. Folger, E. Stanley Burris, John Elliott, Jr., Doris Peyton, Rufus Shooopman, William Peyton, Dr. John Price, Bryan Cooper, Gary Johnson, Dickie Cooper, E.C. Lay, and President and Chairman of the Board Jack D. Johnson. Robert W. Folger was Chief Executive Officer, serving since January 1982.

In 2001, PBK consisted of six full-service offices and employed a work force of eighty-two full- and part-time employees plus seven greeters. The Richmond Office closed in September 2002 to better focus on local markets. On April 10, 2002 , Bruce Edgington was named CEO and the retirement of Robert Folger was announced. In 2002, Jamie Gay and Dr. Chuck Keiser were elected to the Board of Directors. Dr. Keiser later resigned on July 12, 2005 . As f March 1, 2005 , assets of PBK Bank totaled 97 million.

November 6, 2006 PBK Bank opened its sixth branch with a full service branch in Mount Vernon. Open house to celebrate the opening of the Mount Vernon branch was held December 10th, 2006.

The Board of Directors, Management, and Staff at PBK Bank sincerely thank our friends and customers for their loyalty over the past 100 years. We look forward to serving our community for many years to come.