June 2, 2003

Central Bank Mortgage Moves To A New Location

Lexington, KY. -- Chairman, president & CEO Luther Deaton, Jr. is announcing the move of Central Bank Mortgage to 2350 Regency Road. The new office is just around the corner from the former location at 200 West Lowry Lane.

The office will house four mortgage originators and seven support staff members. Customers will notice the benefits of the move immediately with expanded customer parking and a reception area.

Mr. Deaton, commenting on the move, noted, "this space will provide a more comfortable atmosphere and greater convenience for customers. Given this historic low interest rate environment and the significant increase in mortgage financing, we wanted to provide a facility where customers would feel comfortable when making this important step in their lives. Ed Workman and his staff look forward to meet their needs at this new location."

Despite the address change, the phone number, 253-6001, will remain the same. The mortgage originators can also be contacted through centralbank.com.

Central Bank Mortgage is a subsidiary of Central Bancshares, Inc. and provides secondary market mortgage lending in Clark, Fayette, Jessamine, Scott and Bath counties. Central Bancshares operates a total of 19 full service banking centers, 26 ATMs, and insurance agency in Clark, Fayettte, Jessamine, Scott and Bath counties. As of March 31, 2003, Central Bancshares' total assets were 1.127 billion.

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