The Casey County Bank Inc, was granted a charter by the Kentucky Department of Banking December 19, 1939 and opened for business December 20, 1939, the bank was capitalized at $50,000.00 with a surplus of $10,000.00.
The first Board of Directors were: E.C. Moore, James P. Cowden, M.L. Sharp, W.A. Edrington, William Humphrey, J.H. Roberts, Dallas Rule, C.N. Shaw, and John W. Weddle. The first officers were: E.C. Moore, president; James P. Cowden, vice president; C.N. Shaw, cashier; M.J. Humphrey and Tule Kinser, assisant cashiers.
The bank grew from the first day of business as it was the only bank in Liberty, the county seat. The capital structure was increased to $100,000.00 by transferring $50,000.00 from the surplus to the capital fund.
The institution continued to grow and in August of 1973, at a called meeting of the stockholders, it was voted to increase the capital structure by $250,000.00 by declaring a stock dividend of one hundred percent and by the issuance of an additional 2,000 shares at $10.00 per share. At the same time a stock split of ten for one was declared by the stockholders.
The late Senator E.C. Moore continued as president of the institution from 1939 until his death in January 1970. Elmer C. Allen assistant cashier and cashier since 1946, was elected president and served until 1980, when he was elected as first chairman of the board. Robert T. Rousey, who had been with the bank since 1942 as clerk, teller, and assistant cashier, was named president.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154