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Bank doubles dividend once again

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By Kelly Cantrall

Kentucky Neighborhood Bank is continuing to see growth and shareholders will see the bank’s dividend double once again, moving from $1 to $2, KNB President and CEO Ronnie Pence said.

It doubled at the beginning of this year from 50 cents per share to $1.

“That means the bank’s doing very well,” Pence said.

Pence said the bank had another profitable year and he feels blessed to work in Hardin County.

The area’s economy has remained stronger than many and Pence credits that, along with great employees and customers, to the success of the bank.

Pence said banks are working in a tough economic environment, but community banks for the most part are doing well. He considers them to the “backbone of the banking industry.”

The bank, which has total assets of about $125 million, opened in 1997 and has three locations in Elizabethtown and Radcliff.

Kelly Cantrall can be reached at (270) 505-1747 or kcantrall@thenewsenterprise.com.