PIKEVILLE, Ky.--(BUSINESS WIRE)--Community Trust Bancorp, Inc. (NASDAQ:CTBI) is pleased to announce that in recognition of the contribution of the Company’s employees to the ongoing success of Community Trust Bancorp, Inc. and the positive impact the changes in tax laws will have on the Company, a special bonus for employees. All full time employees will receive a special bonus of $1,000 and employees classified as part time will receive a $500 bonus. Executive Management will not participate in this special bonus. The bonus will be paid to employees as soon as the new tax tables are released in 2018 so that employees may receive the full benefit of the reduction in tax rates.
Management and the Boards of Directors continue to believe that our most valuable assets are our employees and are pleased that changes in the tax laws facilitate our ability to recognize their hard work and dedication to the success of CTBI.
Community Trust Bank, Inc. is the wholly owned subsidiary of Community Trust Bancorp, Inc., which has assets of $4.1 billion and is headquartered in Pikeville, Kentucky. Community Trust Bancorp, Inc. has 70 banking locations across eastern, northeastern, central and south central Kentucky, six banking locations in southern West Virginia, four banking locations in Tennessee and four trust offices across Kentucky and one trust office in Tennessee.