May 22, 2006

Central Bank names Bill Kaiser Vice President

Louisville, KY. – Central Bank President, James Clay Smith, has announced the hiring of William Kaiser to vice president and trust officer in the Wealth Management Group.

Mr. Kaiser joins Central Bank of Jefferson County, having over 25 years of trust experience in the Louisville area. Mr. Kaiser’s responsibilities will include relationship management of high net worth individual, institutional, and corporate clients, trust and estate planning, trust administration, and retirement planning. He will be located at Central Bank's Louisville headquarters in Hurstbourne Place, 9300 Shelbyville Road.

Mr. Kaiser is a team member of the Wealth Management Group, which provides a comprehensive array of financial services. These include, but are not limited to investment management, personal trust, corporate trust, financial planning, private banking, insurance and investment advisory services.

Central Bank of Jefferson County is a subsidiary of Central Bancshares Inc. which currently operates a total of 23 full service banking centers, 28 ATMs, two mortgage offices, an insurance agency and investment office in Bath, Boone, Clark, Fayette, Jefferson, Jessamine, Madison, and Scott counties. Wealth Management Services are provided by Central Bank & Trust Co. As of March 31, 2006, Central Bancshares’ total assets were $1.672 billion.

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