January 17, 2005

Central Bank supports Tubby's Clubhouse with cash and computers

At a press conference held January 17, Central Bank Chairman, President & CEO Luther Deaton Jr. announced the bank’s commitment to donate $10,000 per year and to provide computers to benefit Tubby’s Clubhouses in Lexington, Kentucky.

Tubby’s Clubhouses is an after-school program whose mission is to close the technology gap and provide life skills education to low-income middle school students through local community centers. Launched in January 2004, Tubby’s Clubhouses is a first-ever public/private partnership developed by the Tubby and Donna Smith Foundation.

"We are pleased to support the outstanding work being done by deserving students in Tubby’s Clubhouses," said Deaton. "Coach Smith and Donna have established an excellent tradition of service to the community and their leadership has inspired us to lend our support to their efforts," he added.

Each year, Central Bank will donate $10,000 and a quantity of refurbished computers and printers to Tubby’s Clubhouses. "We applaud the involvement of Dell and Lexmark with Coach Smith and are pleased to join them," said Deaton. "Tubby has served on our Board for five years. His stature as a nationally recognized coach, his integrity and his involvement in charitable and civic affairs in Central Kentucky has made him an outstanding addition to our organization. We are thrilled that he and Donna have shared their vision of a better education for children who will become tomorrow’s citizens. We are pleased to join the Tubby Smith Foundation, Dell and Lexmark in supporting that effort," said Deaton.

Central Bank also announced it intends to use Dell computers and Lexmark printers throughout its offices, beginning in 2005.

Central Bancshares is the holding company for Central Bank & Trust Co. in Lexington and Winchester, Central Bank, FSB in Nicholasville and Georgetown and Salt Lick Deposit Bank, in Salt Lick and Owingsville. Central is the second largest financial institution in central Kentucky, with total assets of $1.3 billion on September 30, 2004. It operates 19 full service, banking offices, 25 ATMs, a mortgage office, an investment brokerage subsidiary and an insurance subsidiary. On December 27, 2004, Central announced a definitive agreement to purchase First Bank in Louisville, Kentucky. First Bank operates three offices with total assets of approximately $190 million.

< Back