Question 1

What is First National Bank of Brooksville?

Accepted Answer

First National Bank of Brooksville is a community-focused national bank serving Bracken County and surrounding areas in northern Kentucky. With total assets of approximately $71 million as of 2022, the bank operates two offices in Brooksville, providing traditional banking services with a strong emphasis on personalized, local customer service.

The bank has maintained its commitment to serving the agricultural community, local businesses, and residents of the region for over a century. As an independent, locally-owned institution, it focuses on reinvesting deposits directly back into the Bracken County community.

Question 2

When was First National Bank of Brooksville founded?

Accepted Answer

First National Bank of Brooksville was founded in 1907. On July 8, 1907, a meeting of stockholders was held for the purpose of organization, with W. P. Haley elected as the first president.

The bank officially received its charter from the United States Government and began serving the people of Brooksville and Bracken County on October 3, 1907. On April 18, 1914, the bank became a member of the Federal Reserve System, strengthening its position as a stable financial institution.

The bank was established to provide a safe place for customer deposits and a source of credit for business ventures, home purchases, farm financing, and both necessities and luxuries for the growing community.

Question 3

Where is First National Bank of Brooksville headquartered?

Accepted Answer

First National Bank of Brooksville is headquartered in Brooksville, Kentucky, located in Bracken County. The main office is situated at 105 Locust Street, Brooksville, KY 41004.

The bank has occupied its current building since early 1930. In May 1929, then-President H. L. Corlis appointed a building committee to receive plans and bids for a new bank building. A beautiful structure was built along ultra-modern lines, exclusively for banking purposes with ample room for expansion.

Question 4

Where does First National Bank of Brooksville operate?

Accepted Answer

First National Bank of Brooksville operates exclusively in Brooksville, Kentucky, within Bracken County. The bank maintains two banking offices in the town.

The main office is located at 105 Locust Street in downtown Brooksville. In addition, the bank opened a drive-through branch bank on February 27, 1995, located at 107 E. Miami Street in Brooksville, which enhanced customer convenience and accessibility.

While the bank's physical presence is limited to Brooksville, it serves customers throughout Bracken County and adjoining counties in northern Kentucky. The bank is part of the Cincinnati, OH-KY-IN metropolitan statistical area.

Question 5

What services does First National Bank of Brooksville offer?

Accepted Answer

First National Bank of Brooksville offers a comprehensive range of traditional banking services tailored to personal and business customers. Personal banking services include checking accounts with free online banking, bill pay, electronic statements, and Visa debit cards with enhanced security features and a $1,000 daily spending limit.

The bank provides savings products including Individual Retirement Accounts (both Traditional and Roth IRAs) and Certificates of Deposit with varying rates and terms. Personal loan services encompass home mortgages, auto loans, and other consumer lending products.

Digital banking services include online banking, mobile banking with mobile deposit capabilities (introduced in December 2021), 24-hour toll-free telephone banking, and ATM access. The bank also offers business banking solutions and has historically supported agricultural lending, including participation in the 2005 tobacco buyout program to assist local farmers.

Question 6

What makes First National Bank of Brooksville unique?

Accepted Answer

First National Bank of Brooksville distinguishes itself through its unwavering commitment to local ownership and community reinvestment. As a locally-owned and operated institution, every dollar deposited is reinvested directly back into the Bracken County community rather than distant markets, making the bank a true partner in local economic development.

The bank has demonstrated remarkable leadership stability over its 115-plus year history, with only a handful of presidents guiding the institution. This includes the 63-year tenure of H. L. Corlis (1922-1971) and Henry Moorhead's 22-year leadership (1971-1993). Current leadership includes CEO Haley Clark (since 2019) and President Steve Hamilton.

The bank has supported the community through wars and peace, selling Government Bonds and financially supporting local churches, schools, agricultural initiatives, and community organizations. This deep community connection, combined with modern conveniences like mobile deposit and enhanced debit card security, allows First National Bank of Brooksville to blend traditional community banking values with contemporary digital banking capabilities.

Question 7

What type of financial institution is First National Bank of Brooksville?

Accepted Answer

First National Bank of Brooksville is a National Bank, operating under a charter issued by the United States Government and regulated by the Office of the Comptroller of the Currency (OCC). As a national bank, it carries the designation "National" in its legal name and is subject to federal banking regulations.

The bank functions as a community bank, focusing on relationship-based banking for individuals, families, farms, and small businesses within its local market. It became a member of the Federal Reserve System in 1914 and joined the Federal Home Loan Bank in 1993, providing additional stability and resources to serve its community.

As an FDIC-insured institution (CERT #2682), deposits are protected up to applicable limits, backed by the full faith and credit of the U.S. Government. The bank maintains strong financial performance with a return on assets (ROA) of approximately 1.00% and return on equity (ROE) of 9.81%, reflecting sound management and profitability.

First National Bank of Brooksville

in the United States 🇺🇸

Crypto-Friendliness

All done!

About First National Bank of Brooksville in the United States