The history of Forcht Bank is also the history of Terry E. Forcht, Chairman & CEO of the Forcht Group of Kentucky. A native of Louisville now residing in Corbin, Mr. Forcht became interested in banking working for the Federal Reserve while a student at the University of Louisville in the 1960's.
In 1972, while practicing law in Corbin, he was appointed to the board of directors at Corbin Deposit Bank and Trust. His interest in banking grew over the years, and in 1985 he and a group of investors opened their first bank, Tri-County National Bank in Corbin, with $1.5 million in assets.
In the years that followed, Mr. Forcht founded or acquired 10 additional community banks:
- Deposit Bank & Trust, Greensburg
- Williamsburg National Bank
- Campbellsville National Bank
- McCreary National Bank (merged with Somerset National in 2004)
- Laurel National Bank
- Somerset National Bank
- PRP National Bank, Louisville
- Boone National Bank, Burlington
- First National Bank of Lexington
- Eagle Bank of Grant County
On December 31, 2007, the 10 different banks were consolidated under one charter and the names were officially changed to Forcht Bank, N.A.. In 2010, a new banking center was opened in Richmond.
Today, Forcht Bank has over $1 billion in total assets, 30 banking centers in 12 counties, and 300+ employees - making it one of the largest bank groups based in Kentucky. Forcht Bank's mission is to deliver an easy, simple, faster, and better banking experience to every customer, every day.