March 5, 2007

Central Bank Names Assistant Vice President and Retail Banking Officer

Lexington, KY. - Central Bank Chairman, President and CEO, Luther Deaton, Jr., has announced the promotion of Ryan Foster to Assistant Vice President of Palomar banking center and Linda Faulkner to Retail Banking Officer at the Versailles Road banking center.

Ryan Foster began his career at Central Bank in 2000 as a teller. He been promoted to a Personal Banker and then to Retail Manager. Mr. Foster's responsibilities include overseeing the Palomar Banking Center with its business development, consumer and commercial loans, staff management and community involvement.

A native of Lexington, Mr. Foster is a graduate of Tates Creek High School and the University of Kentucky receiving his Bachelor's Degree in Business Administration majoring in Finance. He currently lives in Lexington.

Linda Faulkner has been with Central Bank for three years. As a Retail Officer at the Versailles Road banking center, she will be responsible for retail operations including acquiring and managing new business relationships to meet specific goals.

Ms. Faulkner is a graduate of Rochester High School in Michigan. She received her Bachelor of Science - General Business from Eastern Kentucky University. Her specialized training includes obtaining a NASD Series 6 and NASD Series 63 license.

Central Bank is a subsidiary of Central Bancshares Inc., which currently operates a total of 26 full service banking centers, 28 ATMs, two mortgage offices, an insurance agency and an investment office in Bath, Boone, Clark, Fayette, Jefferson, Jessamine, Madison, and Scott counties. As of December 31, 2006, Central Bancshares' total assets were $1.804 billion.

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