Question 1

What is Hart County Bank?

Accepted Answer

Hart County Bank is a community-focused commercial bank serving Hart County, Kentucky, and the surrounding region. Operating under the legal name Hart County Bank and Trust Company, the bank is a state-chartered, FDIC-insured financial institution with FDIC Certificate #10145.

As a true community bank with approximately $24 million in total assets, Hart County Bank operates as a subsidiary of Hart Bancshares, Inc. The bank maintains a single branch location at 331 Main Street in Munfordville, the county seat of Hart County. Known for personalized service and deep local roots, Hart County Bank emphasizes building long-term relationships with customers while contributing to the economic wellbeing of the community it serves.

Question 2

When was Hart County Bank founded?

Accepted Answer

Hart County Bank was established on February 20, 1890, originally under the name Hart County Deposit Bank. The bank was founded to serve the banking needs of Hart County residents and businesses during a period of significant economic development in rural Kentucky.

On April 2, 1979, the bank expanded its operations to include full trust powers, reflecting its growing role in wealth management and estate planning services. Two weeks later, on April 16, 1979, the institution officially changed its name to Hart County Bank and Trust Company to reflect these enhanced capabilities. The bank relocated its main office to its current location at 331 Main Street, Munfordville, on February 27, 2008, where it continues to serve the community after more than 134 years of operation.

Question 3

Where is Hart County Bank headquartered?

Accepted Answer

Hart County Bank is headquartered in Munfordville, Kentucky, the county seat of Hart County. The bank's main office is located at 331 Main Street, Munfordville, KY 42765.

Munfordville is situated in south-central Kentucky, positioned along Interstate 65 at Exit 65, approximately halfway between Louisville and Nashville. The town sits on the banks of the Green River, one of the most biologically diverse rivers in the world. The area has rich Civil War history, including the Battle of Munfordville fought in September 1862, with earthen fortifications still visible today.

Question 4

Where does Hart County Bank operate?

Accepted Answer

Hart County Bank operates exclusively in Hart County, Kentucky, with a single branch location at its headquarters in Munfordville. The bank does not maintain offices outside of Hart County, focusing its resources and expertise on serving the local community.

As the 142nd largest bank in Kentucky, Hart County Bank concentrates on providing personalized banking services to residents, farms, and small businesses throughout Hart County. The bank's operating hours typically run Monday through Friday from 8:00 AM to 8:00 PM, providing extended evening hours to accommodate customers' schedules. The bank is closed on weekends.

Question 5

What services does Hart County Bank offer?

Accepted Answer

Hart County Bank provides a comprehensive range of commercial and retail banking services tailored to community needs. Core services include:

Deposit Accounts: Checking accounts, savings accounts, and certificates of deposit (CDs) for individuals and businesses. The bank holds approximately $16.3 million in domestic deposits.

Lending Services: Commercial loans, agricultural financing, consumer loans, and real estate mortgages serving local businesses, farms, and homeowners.

Trust Services: Full trust powers including estate planning, wealth management, trust administration, and fiduciary services added in 1979.

The bank maintains traditional in-person banking through its Munfordville branch, with extended lobby hours to serve working customers. The bank's routing number for ACH transfers, wire transactions, and direct deposits is 083905656. While the bank does not currently maintain a public-facing website, it provides telephone banking and personal service through its single location.

Question 6

What makes Hart County Bank unique?

Accepted Answer

Hart County Bank stands out as one of Kentucky's oldest continuously operating community banks, with over 134 years of service to the same community since 1890. This exceptional longevity demonstrates remarkable stability and deep institutional knowledge of Hart County's economic landscape.

The bank's defining characteristic is its unwavering commitment to local community banking. With a single branch and approximately $24 million in assets, Hart County Bank exemplifies the small community bank model—maintaining direct, personal relationships with customers rather than pursuing expansion or consolidation.

Hart County Bank earned recognition as a Community Development Financial Institution (CDFI) awardee in 2013, receiving $15,000 through the Bank Enterprise Award (BEA) program. This designation recognizes the bank's commitment to serving underserved communities and supporting local economic development initiatives.

The bank's extended lobby hours—open until 8:00 PM on weekdays—demonstrate unusual flexibility for a small community bank, providing accessibility to customers who work traditional business hours.

Question 7

What type of financial institution is Hart County Bank?

Accepted Answer

Hart County Bank is classified as a commercial bank with state charter and Federal Reserve non-member status, supervised by the FDIC. This classification indicates that the bank holds a state banking charter issued by Kentucky banking regulators rather than a federal charter, and has elected not to become a member of the Federal Reserve System.

As a commercial bank, the institution offers the full range of banking services including deposits, loans, and trust services. The state charter provides flexibility in operations while maintaining FDIC insurance protection for depositors up to the maximum limits.

Operating as a subsidiary of Hart Bancshares, Inc. (RSSD ID: 1118836), the bank functions as a closely-held community bank with local ownership and decision-making authority. This structure allows the bank to maintain its community focus while benefiting from the support and capital stability provided by its holding company parent.

Question 8

How financially sound is Hart County Bank?

Accepted Answer

Hart County Bank demonstrates strong profitability metrics for a small community bank. The bank's Return on Assets (ROA) stands at approximately 2.06%, significantly above the industry average for community banks, indicating efficient use of assets to generate earnings.

The bank's Return on Equity (ROE) of 6.81% reflects solid returns to shareholders. With net income of approximately $382,000 and total assets of $24 million, the bank maintains healthy profitability while serving its local market. These financial metrics suggest prudent management and a sustainable business model focused on relationship banking rather than aggressive growth.

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About Hart County Bank in the United States