Question 1

What is Paducah Bank and Trust?

Accepted Answer

Paducah Bank and Trust is a locally-owned community bank headquartered in Paducah, Kentucky. With approximately $1 billion in assets, the bank specializes in commercial and retail banking services, serving both individuals and businesses across western Kentucky. As the only locally-owned community bank in Paducah, it has established itself as the leading small business lender and top mortgage lender in its primary market.

The bank operates through Paducah Bank Shares, Inc., its holding company, and maintains a strong community focus while offering comprehensive financial services including trust and investment services.

Question 2

When was Paducah Bank and Trust founded?

Accepted Answer

Paducah Bank and Trust opened for business on January 24, 1948 at 522 Broadway in Paducah with initial assets of $100,000, becoming the third bank in Paducah at the time. The bank was established to serve the local community with accessible banking services in post-war Kentucky.

The institution experienced rapid growth, requiring relocation to a larger facility at 529 Broadway by mid-1955. In 1964, the bank expanded beyond its single location by opening its first branch, the Mid-City Banking Center at 2401 Broadway.

The official name was changed to The Paducah Bank and Trust Company to reflect the bank's decision to offer trust services to customers. In 1984, a newly formed holding company, Paducah Bank Shares, Inc., purchased controlling interest in the bank, enabling further strategic growth and development.

Question 3

Where is Paducah Bank and Trust headquartered?

Accepted Answer

Paducah Bank and Trust is headquartered at 555 Jefferson Street in Paducah, Kentucky. The bank moved to this location on February 14, 1981, after outgrowing its previous Broadway facilities.

The headquarters facility has been expanded over the years, with the bank acquiring property across the street to create an Operations Center in November 2006, housing deposit and loan operations, information technology, data processing, and the phone center.

Question 4

Where does Paducah Bank and Trust operate?

Accepted Answer

Paducah Bank and Trust operates primarily in western Kentucky, with its main presence in McCracken County and the Paducah metropolitan area. The bank maintains six banking centers throughout the region, including locations at:
• Main Office (555 Jefferson Street, Paducah)
• Strawberry Hill Branch (Pecan Drive, Paducah)
• Lone Oak Branch (2635 Lone Oak Road, Paducah)
• Mid-City Banking Center (2401 Broadway, Paducah)
• Reidland Branch (5542 Reidland Road, Paducah)
• Southside Branch (opened August 2011)

In September 2018, the bank expanded into Louisville, Kentucky with a loan production office at 9200 Shelbyville Road, marking its first location outside McCracken County in its 70-year history. The Louisville presence has contributed significantly to the bank's growth, adding substantial loan volume to the institution's portfolio.

Question 5

What services does Paducah Bank and Trust offer?

Accepted Answer

Paducah Bank and Trust provides comprehensive commercial and retail banking services designed for both individual consumers and business clients. Personal banking services include checking accounts, savings accounts, mortgage lending, consumer loans, and auto financing.

Business banking offerings encompass commercial lending, commercial real estate financing, construction and development loans, small business loans, and cash management services. The bank has particular strength in commercial real estate (31.53% of loan portfolio), commercial and industrial loans (16.27%), and residential mortgages (21.64%).

Trust and investment services are available through the bank's trust department and Paducah Financial Consultants, with both divisions generating over $1 million in annual revenues. The bank is recognized as the top small business lender and leading mortgage lender in McCracken County.

Digital banking services include online banking with 24/7 account access, mobile banking apps for both personal and business customers, bill pay functionality, eStatements, mobile check deposit, and account alerts. Customers also have access to over 55,000 surcharge-free ATMs nationwide through the Allpoint Network.

Question 6

What makes Paducah Bank and Trust unique?

Accepted Answer

Paducah Bank and Trust distinguishes itself as the only locally-owned community bank headquartered and chartered in Paducah, maintaining deep community roots since 1948. This local ownership structure allows for personalized decision-making and a genuine commitment to the community's economic development.

The bank has earned exceptional recognition for both financial stability and workplace culture. It has received a 5-star rating from BauerFinancial for 50 consecutive quarters, demonstrating consistent safety and soundness. In 2013, the Wall Street Journal recognized it as one of the nation's Top 15 Small Workplaces.

Additional accolades include being named Best Place to Work in Kentucky among medium-sized companies (2006), receiving the Governor's Service Award (2019), and earning the Governor's Award for the Arts in Business (2021). The bank's slogan, "WOW! Great place to bank. Great place to work!" reflects its commitment to exceptional service and employee satisfaction.

The bank has established market leadership in its region, ranking as the #1 mortgage lender and #1 small business lender in its primary market area, with a dominant market share in deposits exceeding $356 million in McCracken County.

Question 7

What type of financial institution is Paducah Bank and Trust?

Accepted Answer

Paducah Bank and Trust is a State-Chartered Commercial Bank operating as a community bank with trust powers. It is regulated by the Federal Reserve System (Fed ID: 8) and insured by the FDIC (Certificate #16664).

As a community bank, it emphasizes relationship-based banking with local decision-making authority, focusing on serving small businesses, commercial enterprises, and retail customers within its geographic footprint. The bank's Subchapter S Corporation status provides tax advantages while maintaining its independent, locally-owned structure through Paducah Bank Shares, Inc.

Unlike large regional or national banks, Paducah Bank and Trust maintains its headquarters in the community it serves, enabling responsive service and a deep understanding of local market conditions and customer needs.

Question 8

What is Paducah Bank and Trust's financial performance?

Accepted Answer

As of 2025, Paducah Bank and Trust maintains strong financial performance with approximately $1.03 billion in total assets, $790 million in deposits, and $735 million in net loans and leases. The bank operates with a healthy Return on Assets (ROA) of 1.76% and Return on Equity (ROE) of 16.54%, both substantially above industry averages.

The institution reported net income of approximately $13.2 million, demonstrating consistent profitability. The bank's strong capital position and conservative lending practices have enabled it to maintain superior regulatory ratings, including an IDC CAMEL score of 264 points out of a possible 300.

Asset growth has been remarkable over the bank's history, growing from $100,000 at founding in 1948 to surpassing $100 million in the mid-1980s, $400 million by 2005, and exceeding $1 billion in recent years. The Louisville expansion has been particularly successful, contributing $32 million in loan growth in 2019 alone.

Question 9

What employee benefits does Paducah Bank and Trust offer?

Accepted Answer

Paducah Bank and Trust demonstrates its commitment to employees through an exceptional Employee Stock Ownership Plan (ESOP) established in 1991. The bank's 401(k) and ESOP (KSOP) provides employees with ownership stakes in the institution and serves as a valuable retirement benefit.

The KSOP has grown to become one of the larger shareholders in the bank, aligning employee interests with the institution's long-term success. This employee-ownership structure contributes to the bank's recognition as a premier workplace, fostering a culture of engagement and shared success.

With approximately 144-155 employees across its locations, the bank maintains a reputation for investing in its workforce, resulting in its multiple workplace awards and the development of a strong sales and service culture focused on customer relationships and community impact.

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