The Sacramento Deposit Bank was given a first authorization on October 14, 1895 by and between J.T. Morehead, Wilson & Gabbert, Coffman Brazzell Company, J.R. Vickers, G. Quisenberry, Gish and Igleheart, Wm. Jagoe Sr, T.W. Whitmer, A.J. Milan, J.A. Shutt, G.W. Martin, all of McLean County, Kentucky, and F.P. Stumm, J.T. Smith Jr, J.D. Cooper, Ike C. Adair, and W.L. Graves, all of Ohio County, Kentucky. The business of the company was to be discounting and negotiating notes, drafts, bills of exchanges, and other evidences of debt, and purchasing bonds, receiving deposits and allowing interest on same; buying and selling exchange coin and bullion, and lending money on personal and real security.
The company started with $15,000.00 in capital stock divided into shares of $100.00 each and transferable only on the books of the company. The company commenced business on the February 17, 1896 with total deposits of $3,172.62.
On February 20, 1896 the bank purchased a stove for $9.60 and a safe for $9.00. On February 28, 1896 the bank purchased $1.00 in stamps, a coal bucket and shovel for $0.60, a broom for $0.10, a towel for $0.15, and a bucket and dipper for $0.15.
Past officers of the bank include H.W. Gatton, A.P. Stroud, John T. Bibb, W.R. Jagoe, H.A. Moorman, S.E. Barrett, W.H. Moore, C.T. Shank, H.L. Stumm, and E. Barnett.
In 2016, Sacramento Deposit Bank entered into an agreement to purchase The Bank of Caneyville in Caneyville, Kentucky, bringing its services to the people of Grayson County and increasing its assets to nearly $120 million.
The present directors are Charles Gatton Jr. (Chairman), Bernie Crumbaker, Bill Quisenberry, Brent Gatton, Kenneth Lee, Kathy Gish, and Michael Hunt.
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