Kentucky Farmers Bank

What Kentucky Farmers Bank does

Kentucky Farmers Bank is a privately held community bank founded in January 1931 through the merger of The Kentucky National Bank and Farmers and Merchants Bank, headquartered in Catlettsburg, Kentucky. It operates five branches across Catlettsburg, Ashland (two locations), Louisa, and Wheelersburg, serving individual consumers, small and medium-sized businesses, and wealth management clients in Boyd County and the surrounding Kentucky/Ohio region. The bank is FDIC insured and operates as an Equal Housing Lender, branding itself 'The Better Bank.'

The bank offers a full-stack retail and commercial banking suite: personal and business checking/savings, CDs, IRAs, debit cards with in-house instant issuance, credit cards (issued through Elan Financial Services), mortgages, personal loans, HELOCs, and commercial loans, alongside merchant services (BancCard partnership) and wealth management including investment management, IRA administration, and trust and estate services. Its digital layer is built on the NetTeller online banking platform and a Jack Henry-powered mobile app (with mobile deposit, text banking, and BankLine phone banking), with access to 32,000+ surcharge-free ATMs via the MoneyPass network. There is no disclosed AI/ML capability.

Revenue is generated through net interest income on the lending book (mortgages, personal, auto, HELOC, commercial), deposit account maintenance and transaction fees, wire and safe deposit box fees, credit and debit card interchange, merchant services residuals, and wealth management fees (investment management, trust administration). The go-to-market is direct-to-consumer across both physical branches and digital channels, with relationship-based lending supported by in-office loan approvals rather than loan sales to third parties. There are no funding rounds, no M&A activity since the 1931 formation merger, and no disclosed revenue or headcount growth signals, consistent with a mature, stable community bank profile.

Name

Kentucky Farmers Bank

Legal name

Kentucky Farmers Bank

Website

https://kfb.bank

Company type

Private

Founded year

1931

Operating status

Operating

Headcount range

51–100 employees

Short description

Kentucky Farmers Bank is a privately held community bank founded in 1931, operating five branches in Catlettsburg, Ashland, Louisa, and Wheelersburg to serve consumers, small businesses, and wealth management clients across the Boyd County, Kentucky and Ohio region.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking services
• Consumer lending products
• Small business banking
• Wealth management services
• Local retail banking

Headquarters

HQ city

Ashland

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest earned on mortgage loans, personal loans, auto loans, commercial loans, and home equity lines of credit. The bank offers single pay notes, installment loans, and various mortgage products with both fixed and variable rates.
2. Deposit Account Fees and Charges: Monthly maintenance fees for various checking and savings accounts (ranging from $5 to $12+ per month), transaction overage fees, paper statement fees ($3/month), and balance-based fee structures.
3. Wire Transfer Fees: Fees for domestic outgoing wires ($17 standard, $12.50 repetitive), international outgoing wires ($50), domestic incoming wires ($10), and international incoming wires ($35).
4. Business Account Services: Monthly maintenance and transaction fees for business checking accounts (BusinessChecking $5, BusinessPlus Interest $12, BusinessAnalysis individually determined, Non-Profit Checking $2), plus transaction overage fees.
5. Safe Deposit Box Rental: Annual rental fees for safe deposit boxes in various sizes: 3x5x22 ($14), 5x5x22 ($25), 3x10x22 ($30), 5x10x22 ($35), 10x10x22 ($50), 11x15x22 ($75).
6. Wealth Management Services: Investment management, trust administration, estate planning, IRA management, and custody services. Investment management agency accounts, trust accounts, estate accounts, and custodian accounts are offered.
7. Interest on Deposits: Interest paid to depositors on savings, money market, CD, and interest-bearing checking accounts. Rates vary by account type and balance tier.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels4 records

Core offering

Kentucky Farmers Bank is a locally owned community bank offering FDIC-insured deposit products (checking, savings, CDs, IRAs), consumer and commercial lending, small business banking, merchant card services, and personal investment and trust administration. The bank delivers these services through five branches in the Ashland-Boyd County region of Kentucky complemented by mobile, online, text, and phone banking channels.

Product overview

Kentucky Farmers Bank is a locally-owned community bank offering a comprehensive suite of banking products and services through its website and physical branches. The product portfolio includes personal banking products (checking, savings, CDs, IRAs, credit cards, debit cards), lending products (mortgages, personal loans, commercial loans, HELOCs), digital banking (online and mobile banking with mobile deposit and text alerts), business banking (business checking, credit cards, debit cards, merchant services), and wealth management services (personal investments, IRA management, trust and estate administration). All products are accessible via kfb.bank with full online and mobile banking capabilities. The bank differentiates itself through local decision-making, in-house card printing, and a partnership with MoneyPass for surcharge-free ATM access.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking accounts (including KFB Free Checking, Simply Free Checking, KFB Interest Checking, and other personal checking products) designed for individual consumers needing everyday FDIC-insured deposit accounts with debit card access and online/mobile banking.
• Personal Savings Accounts Personal savings accounts (including statement savings, money market savings, and passbook savings) for individual consumers seeking interest-bearing FDIC-insured deposits paired with debit access and digital banking.
• Personal Credit Cards Personal credit cards issued to individual consumers for everyday spending, bill payment, and online purchases.
• Personal Debit/ATM Cards Personal debit and ATM cards used by individual consumers to access checking accounts in-store, online, and at in-network ATMs through the MoneyPass network.
• Online & Mobile Banking Online, mobile (iOS/Android app), text, and BankLine phone banking services that let consumer and business customers view balances, transfer funds, pay bills, deposit checks, and receive transaction alerts with TLS 1.2+ encryption and multi-factor authentication.
• Mortgages Residential mortgage and home equity products (including Home Equity Line of Credit) originated and underwritten in-house for consumers buying, refinancing, or borrowing against their primary residence in the bank's footprint.
• Personal Loans Unsecured personal installment loans for individual consumers seeking fixed-payment credit for household, vehicle, or other personal financing needs.
• Commercial Loans Commercial lending products (operating lines of credit, term loans, and commercial real estate financing) originated locally by the bank's in-house team for small and mid-sized businesses across the bank's footprint.
• Business Accounts Business checking, business savings, money market, and cash management/treasury products designed for small businesses to handle deposits, payables, and account activity through dedicated business banking services.
• Business Credit Cards Business credit cards offered to small business customers for operating spending, bill payment, and online purchases on credit.
• Business Debit Cards Business debit cards tied to business checking accounts to enable small business point-of-sale and online purchases and ATM access.
• Merchant Services Merchant card acceptance and processing services for small business and commercial customers, delivered through the bank's partnership with BancCard to enable in-store and online card payments.
• Personal Investments Personal investment services offered through the bank to help individual customers build and manage investment portfolios alongside their banking relationships.
• IRA & Retirement Management IRA and broader retirement account management services that help individual customers plan, contribute to, and administer IRAs and related retirement vehicles through the bank.
• Trust & Estate Administration Trust and estate administration services provided to individuals and families to manage assets held in trust and to administer estates through the bank.

Quantifiable outcome

• 13 Reader's Choice 'Best Banker' awards received by Senior Loan Officer Mike Bowling

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• MoneyPasscoreTechnology or IntegrationMoneyPass is a nationwide network of surcharge-free ATMs. Kentucky Farmers Bank customers enjoy access to over 32,000 free ATMs across the US through this partnership, significantly expanding their banking convenience beyond their local branch network.
• BancCardcoreChannel Partner/ Reseller/ DistributorBancCard is a merchant services company providing credit and debit card processing for commercial and retail customers. They partner with four top processors in the industry to handle all types of merchants including retail, restaurant, seasonal, e-commerce, and telephone order businesses. Services include VISA, MasterCard, Discover, American Express processing, PIN debit, EBT, EMV/NFC terminals, and 24/7 customer support. BancCard provides local representative service while leveraging extensive processing experience.
• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services provides credit card issuance services for Kentucky Farmers Bank. They provide zero fraud liability protection for unauthorized transactions, 24/7 Cardmember Service, and mobile payment capability. The creditor and issuer of cards is Elan Financial Services pursuant to separate licenses from Visa U.S.A. Inc. and Mastercard International Incorporated.
• BankOn Northeast KentuckyminorStrategic or Co-development PartnerBankOn Northeast Kentucky is a coalition providing financial education and second chance banking to those with poor or limited credit history. Kentucky Farmers Bank is a member and participates by offering BankOn Checking accounts. The bank also requires customers to complete KFB Invest in You financial literacy class upon opening such accounts. Alternative IDs are acceptable through partnership with CAReS in the Neighborhood.
• Deluxe CorporationminorChannel Partner/ Reseller/ DistributorDeluxe Corporation provides business and personal check ordering services. Kentucky Farmers Bank customers can order and reorder Deluxe Business Checks and Deluxe Personal Checks through Deluxe, including custom business checks with company logos, check binders, endorsement stamps, and other banking products.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• U.S. Bank: Major national bank with regional presence throughout Kentucky. Comparable as a competing full-service bank for deposits, lending, and wealth customers in Boyd County, though with materially larger scale and digital capabilities.
• Fifth Third Bank: Large regional bank with extensive branch presence across Kentucky including Boyd County. Comparable as a competitor for retail and small-business deposits and loans in the same geography, though with vastly greater scale and product breadth.
• PNC Bank: Large regional bank with a presence in Kentucky and adjacent states. Comparable incumbent competing for the same consumer, small business, and wealth customers in KFB's geographic area.

Regional players

• First National Bank of Kentucky: Kentucky-based community bank offering personal and business banking products. Comparable as a similar-sized Kentucky community bank with overlapping deposit and lending products.
• Commercial Bank (Harrogate, TN): Tri-State area community bank headquartered in Harrogate, Tennessee serving Kentucky, Tennessee, and Virginia. Comparable as a small community bank in the Appalachian region with similar size and product mix.

Direct peers

• Community Trust Bancorp: Pikeville, Kentucky-based community bank holding company operating across eastern Kentucky and surrounding states. Directly comparable — community banking, similar deposit and lending products, and shared Appalachian Kentucky footprint.
• Stock Yards Bank & Trust: Louisville, Kentucky-based community bank providing personal, business, lending, and wealth management products. Comparable as a Kentucky-headquartered community bank with a similar full-service product mix including trust and investment services.
• Town Square Bank: Ashland, Kentucky-based community bank serving Boyd County and northeast Kentucky. Directly comparable peer — same local geography, similar community-banking model, and overlapping customer base.
• Citizens National Bank (Paintsville, KY): Eastern Kentucky community bank offering consumer and commercial banking, lending, and wealth services. Closely comparable — similar community-bank model in the same eastern Kentucky region serving rural and small-town customers.
• Republic Bank & Trust Company: Kentucky-based community bank offering consumer, business, mortgage, and wealth management services. Comparable peer — Kentucky community bank with a similar product breadth, including specialty consumer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/thebetterbank
• Xx.com/bankkfb

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kentucky Farmers Bank