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June 8, 2007

Central Bank to Celebrate Grand Opening of New Ft. Mitchell Location

Company’s expansion into Ft. Mitchell driven by growth potential and signals commitment to the Northern Kentucky market

Bank to use unique coffee promotion as part of grand opening festivities

Ft. Mitchell, KY. – Ft. Mitchell consumers and businesses can enjoy both community bank service combined with a wide range of products and expert advice, now that Central Bank has opened its doors on Dixie Highway. The banking center features Central Bank’s new banking center design that offers customers exceptional service and convenience.

“We are very excited about our new facility in Ft. Mitchell, “said Mer Grayson, Market President of Central Bank in Northern Kentucky. “The Company’s growth into Ft. Mitchell acknowledges our commitment to continue the expansion of services, markets and resources in an effort to become the Commonwealth’s leading financial services company.”

The banking center facility is located at 2075 Dixie Highway which is at the intersection of Dixie Highway and I-75 South. The banking center, with more than 2,800 square feet, follows the design standard for all new Central Bank banking centers including designated areas for Central Bank financial professionals to meet privately with customers. The facility includes drive-up serve and has a drive-up ATM with a night depository for convenient and secure 24-hour access. The location I-75 provides easy access to all services.

As part of the official grand opening, scheduled for the week of June 11 - 16, the bank will be partnering with local coffee companies, Reality Tuesday Café and Brewberry Coffee Co., to give away free cups of coffee at both partners’ locations, while supplies last. “A partnership with Brewberry Coffee Co. and Reality Tuesday Café is a natural fit for us,” said Grayson. “Both companies are locally owned and operated, and their product perfectly supports our message of Central Bank’s blend of financial services.” Partnering with local organizations is not a new trend for Central Bank. By working with Kentucky businesses we are reinvesting dollars to help build vibrant and healthy communities,” added Grayson. “Through efforts like these partnerships we are able to make meaningful contributions to the communities in which we live and work.”

About Central Bank & Trust Co.
Central Bank & Trust Co. is a wholly owned subsidiary of Central Bancshares, Inc. Central Bancshares, Inc., located in Lexington, KY, is one of the largest financial institutions in the state of Kentucky. The Company offers the personal service of a community bank combined with the broad range of financial products and expert advice you might only expect from a regional bank. With more than 100,000 customers, Central Bancshares, Inc. serves individual consumers and small to middle market business with services that include full-service banking, investments, mortgages, insurance and wealth management. The Company offers convenience with its 27 banking offices and 30 ATMs in Boone, Clark, Fayette, Jefferson, Jessamine, Madison, Scott and Bath counties, combined with providing customers 24/7 access to their accounts through internet banking (CentralNET) and telephone banking (Central Connection). Central Bancshares is the holding company of Central Bank & Trust Co., Central Bank, FSB, Central Bank of Jefferson County, Salt Lick Deposit Bank, Central Bank Insurance Agency Inc. and Central Investment Center, Inc. As of December 31, 2006, Central Bancshares had a total of $1.804 billion in assets. Central Bank was recently recognized as one of the Best Places to Work in Kentucky for the second year in a row (2006 & 2007).

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