Community Trust Bancorp, Inc. Announces CEO Retirement and Succession Plan

Jul 28, 2021

Community Trust Bancorp, Inc. (NASDAQ: CTBI), parent company of Community Trust Bank, Inc. and Community Trust and Investment Company, with offices in Kentucky, West Virginia, and Tennessee, announces that Jean R. Hale, Chairman, President, and Chief Executive Officer of the Company for the last 23 years will retire effective February 7, 2022. On July 27, 2021, the Board of Directors unanimously elected Mark A. Gooch to the position of President of Community Trust Bancorp, Inc., effective immediately, and also named Mr. Gooch, effective February 7, 2022, to succeed Ms. Hale as CEO and Director; the Director position will be for the remainder of her then unexpired term. Mr. Gooch has served as President and CEO of the Company’s primary subsidiary, Community Trust Bank, Inc., since July 1999 and will continue to serve in that capacity.

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