Bank of Kentucky Inc. has executed a purchase and assumption agreement June 30 with the United Kentucky Bank of Pendleton County Inc. Under the terms of the agreement, Bank of Kentucky will assume approximately $26 million of deposit liabilities, as well as other liabilities, and purchase certain assets including United Kentucky Bank?s Falmouth, Ky. office and ATM and $14 million in selected loans from United Kentucky Bank. The transaction is expected to close during the fourth quarter of...Source: http://feeds.bizjournals.com/~r/bizj_cincinnati/~3/stfXkjRPewk/bank-of-kentucky-assuming-united.html
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