June 27, 2007

Central Bank Promotes Greg Stacy and Cathy Combs to Senior Vice President

Lexington, KY. – Central Bank Chairman, President and CEO, Luther Deaton, Jr., has announced the promotion of Gregory Stacy to Senior Vice President, Funds Management and Cathy Combs to Senior Vice President, Director of Client Services.

His new responsibilities include net interest margin management, forecasting, interest rate risk management, liquidity planning, asset/liability management and pricing.

Mr. Stacy has banking experience in several different areas that include Loan Review, Financial Planning, Retail and Commercial Lending, Operations, Information Technology, Internal Audit, Investment Analyst and Sales Incentive Analyst. He is a graduate of Fleming County High School and the University of Kentucky where he received his Bachelor’s of Science in Agricultural Economics. He attended several banking schools including the Kentucky Bankers Association and the Graduate School of Banking at the University of Wisconsin.

Mr. Stacy resides in Lexington with his wife Lisa. They have two children, Jordan and Kaylyn.

Cathy Combs’ banking experience includes Assistant Manager of Retail Banking, Purchasing Department Manager, Statement Department, Facilities, Merchant Services and Customer Service. Combs oversee the overall operations of the Client Services Department. She ensures each customer receives the assistance they need and that they receive the highest level of service possible.

Cathy graduated from Hazard High School in Hazard, KY and attended the University of Louisville and the University of Nevada, Las Vegas. She completed banking school at the Kentucky Banking Association.

Ms. Combs is a member of UK Fellows, Leadership Lexington and she has also held officer positions with Financial Women and the Lexington Dream Factory. She resides in Lexington with her husband David. They have two children.

Central Bank is a subsidiary of Central Bancshares Inc., which currently operates a total of 27 full service banking centers, 31 ATMs, two mortgage offices, an insurance agency and an investment office in Bath, Boone, Clark, Fayette, Jefferson, Jessamine, Kenton, Madison, and Scott counties. As of March 31, 2007, Central Bancshares’ total assets were $1.776 billion.

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