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  September 5, 2001
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Home > Company Index > Banking > Banking - Southeast > Classic Bancshares, Inc.

Classic Bancshares, Inc.
Nasdaq (SC): CLAS
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 PROFILE
Classic Bancshares is the holding company for Classic Bank and The First National Bank of Paintsville, which serve eastern Kentucky and neighboring portions of Ohio and West Virginia through five offices. Targeting individuals and small- to medium-sized businesses, the banks offer numerous savings options, such as savings and checking accounts, money market accounts, and CDs. One- to four-family mortgages account for more than about 55% of the loan portfolio. Commercial operating and real estate loans are about 30% and credit cards about 10%. Classic Bancshares switched from a federal savings charter to a Kentucky commercial charter in 2000.

 COMPETITION
Community Trust Bancorp, Inc. (CTBI)
Fifth Third Bancorp (FITB)
National City Corporation (NCC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 14.80
1-Yr. Sales Growth: 15.6%
Employees: 68
Revenue per employee: $217,647.06

 KEY PEOPLE
• David B. Barbour
    CEO
• Lisah M. Frazier
    CFO

 CONTACT INFO
344 17th St.
Ashland, KY 41101
US
Phone: 606-325-4789
Fax: 606-324-1307
Online: Web Site

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