July 7, 2006

Central Bank names Jon Vaughn Vice President - Marketing Manager

Lexington, KY - Central Bank Chairman, President and CEO, Luther Deaton Jr., has announced the appointment of Jon Vaughn as Vice President-Marketing Manager.

Mr. Vaughn is a native of Virginia where he received a Bachelor of Science from Longwood University. He completed his Master of Science in Sports Marketing and Management at the University of Kentucky. Mr. Vaughn joins Central Bank after living in Houston, Texas for five years and working with a communications company for the past eight years. His experience includes Director of Marketing and Sales, Media Manager, Director of National Accounts and Director of Development.

Mr. Vaughn currently resides in Lexington, KY with his wife, Leslie, and their son, Henry.

Central Bank is a subsidiary of Central Bancshares Inc., which currently operates a total of 23 full service banking centers, 29 ATMs, two mortgage offices, an insurance agency and an investment office in Bath, Boone, Clark, Fayette, Jefferson, Jessamine, Madison, and Scott counties. As of March 31, 2006, Central Bancshares' total assets were $1.672 billion.

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