Community Trust Bancorp, Inc. Announces David E. Collins, Board Member, Retires

Rhea-AI Summary

Community Trust Bancorp, Inc. (NASDAQ:CTBI) announced the retirement of David E. Collins from its Board of Directors, effective October 26, 2021. Collins served on the Bank Board since 2005 and the Holding Company Board since April 2021, contributing significantly to the company’s growth from $2.7 billion to $5.4 billion in total assets. Jean Hale, Chairman, expressed gratitude for Collins' dedication and impact on the bank's expansion into new markets across Kentucky, West Virginia, and Tennessee.

Positive

• David E. Collins led CTBI's growth from $2.7 billion to $5.4 billion in total assets.
• His tenure included successful market expansion into new regions.

Negative

• Loss of experienced board member may impact continuity and strategic direction.

PIKEVILLE, Ky.--(BUSINESS WIRE)-- David E. Collins, a member of the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ-CTBI), and Community Trust Bank, Inc. retired effective October 26, 2021, after having served as a member of the Bank Board since 2005 and the Holding Company Board since April 2021. Mr. Collins provided exemplary service to CTBI having participated in the growth of CTBI from $2.7 billion in total assets to $5.4 billion, operating in Kentucky, West Virginia, and Tennessee. David has been a strong advocate for CTBI and has been tireless in his support as CTBI expanded into new markets.

“We greatly appreciate David’s dedication to Community Trust and will miss his service to CTBI,” said Jean Hale, Chairman. “We wish David continued good health and happiness in his retirement,” said Hale.

Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005185/en/

Jean R. Hale, Chairman and C.E.O., Community Trust Bancorp, Inc. At (606) 437-3294

 

Source: Community Trust Bancorp, Inc.

FAQ

What was the reason for David E. Collins' retirement from CTBI?

David E. Collins retired from his position on the Board of Directors effective October 26, 2021.

How long did David E. Collins serve on CTBI's Board of Directors?

David E. Collins served on the Board since 2005.

What impact did David E. Collins have on Community Trust Bancorp?

Collins significantly contributed to the company's growth, helping increase total assets from $2.7 billion to $5.4 billion.

Who is the current Chairman of Community Trust Bancorp?

Jean Hale is the current Chairman of Community Trust Bancorp.

What is the asset size of Community Trust Bancorp?

Community Trust Bancorp has total assets of $5.4 billion.