Question 1

What is First United Bank and Trust (Kentucky)?

Accepted Answer

First United Bank and Trust (Kentucky) is a community bank headquartered in western Kentucky, with approximately $590 million in total assets and 7 branch offices. The bank provides comprehensive personal and commercial banking services with a strong emphasis on traditional relationship banking and community involvement. First United operates as an independent community bank focused on supporting local economies and maintaining personalized service that distinguishes it from larger regional institutions.

Question 2

When was First United Bank and Trust (Kentucky) founded?

Accepted Answer

First United Bank and Trust Company was founded in 1996 to address a specific need in the Madisonville, Kentucky area for traditional, personal banking services. The bank was established by local business leaders and community members who recognized a gap in the market for genuine community banking.

Since its founding nearly 30 years ago, the institution has experienced steady growth while maintaining its community banking roots and commitment to personalized service. The bank was formed with the explicit mission to provide an alternative to impersonal banking and to serve as a committed partner in the communities it serves.

Question 3

Where is First United Bank and Trust (Kentucky) headquartered?

Accepted Answer

First United Bank and Trust (Kentucky) is headquartered in Madisonville, Kentucky. Madisonville is the county seat of Hopkins County, located in western Kentucky.

Question 4

Where does First United Bank and Trust (Kentucky) operate?

Accepted Answer

First United Bank and Trust (Kentucky) operates across western Kentucky, serving communities including Madisonville, Beaver Dam, Owensboro, Marion, and Earlington. The bank's locations span multiple counties in the region, providing banking services to both urban and rural communities throughout western Kentucky.

The bank's geographic footprint is concentrated in Hopkins County and surrounding areas, allowing it to maintain deep community connections while serving a diverse customer base across its market area.

Question 5

What services does First United Bank and Trust (Kentucky) offer?

Accepted Answer

First United Bank and Trust (Kentucky) offers a complete range of banking services including personal checking and savings accounts, certificates of deposit, consumer loans, mortgage lending, business checking and savings, and commercial lending. The bank provides treasury management solutions for business customers, including cash flow management, reporting services, and payables processing.

Digital banking services are available through www.efirstunitedbank.com, featuring online banking, mobile banking with mobile deposit, and 24/7 account access. The bank emphasizes staying current with technology while maintaining the personal relationships that define community banking.

First United also offers specialized programs such as the First Kids Club Savings account designed to teach financial literacy to young customers. The bank provides wealth management and investment services to help customers plan for their financial futures.

Question 6

What makes First United Bank and Trust (Kentucky) unique?

Accepted Answer

First United Bank and Trust (Kentucky) distinguishes itself through exceptional employee culture and workplace recognition. The bank has been recognized among the top 15 Best Places to Work in Kentucky and earned a spot on American Banker's 2024 Best Banks to Work For list for the third consecutive year, ranking #2 among banks in Kentucky.

The institution emphasizes that employees are the heart of everything they do, fostering a supportive, family-like atmosphere where team members feel valued. This employee-focused culture translates directly into superior customer service and community engagement.

First United demonstrates strong financial performance with a Return on Assets (ROA) of 1.13% and an impressive Return on Equity (ROE) of 23.17%. The bank offers an employee stock ownership plan (ESOP), aligning employee interests with the institution's success and creating shared ownership in the bank's future.

The bank's leadership actively participates in community events and volunteerism, reflecting a genuine commitment to improving quality of life in the areas they serve beyond just providing financial services.

Question 7

What type of financial institution is First United Bank and Trust (Kentucky)?

Accepted Answer

First United Bank and Trust (Kentucky) is a state-chartered commercial bank that operates as a true community bank. Community banks are characterized by local ownership, local decision-making authority, and a focus on relationship banking rather than transactional services.

As a community bank, First United maintains independence from larger bank holding companies, allowing it to make lending decisions locally and respond quickly to customer needs. The bank is FDIC-insured and regulated by the Kentucky Department of Financial Institutions, providing customers with federal deposit insurance protection while operating under state banking supervision. This structure enables the institution to combine regulatory oversight with the flexibility to serve local markets effectively and maintain its community-focused mission.

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