Every organization has a story--a core set of beliefs and values that tells the world who they are and what they represent. Forcht Bank's story is the one of our founder Terry Forcht. Long before Terry Forcht was known and recognized as one of Kentucky’s foremost entrepreneurs, he was a college professor and small-town lawyer practicing in Corbin, KY. In 1972, Terry was asked to join the Board of Directors at Corbin Deposit Bank & Trust. Having had an interest in banking since working for the Federal Reserve while attending the University of Louisville, Terry Forcht began his journey into banking. As he continued to serve on the bank Board, and as his other businesses prospered, his interest in community-based banking grew. In 1985 he assembled a group of investors and opened his first bank, Tri-County National Bank in Corbin, with $1.5 million in assets. With the success of Tri-County National Bank, his entrepreneurial spirit was ready for more. In 1987 he acquired Deposit Bank & Trust in Greensburg, followed by Williamsburg National Bank two years later and Campbellsville National Bank the following year. Over the next 17 years, Terry Forcht founded or acquired seven additional community banks in Kentucky. The 10 different bank names were consolidated under one charter on December 31, 2007, and the name “Forcht Bank” was born. Today, Forcht Bank has approximately $1 billion in total assets and 25 banking centers located throughout central, northern and southern KY, making it one of the largest KY based community bank groups. More importantly, Forcht Bank and its 300+ employees continue to follow Terry Forcht’s entrepreneurial spirit and passion for local community-based banking.
View Top Employees from Forcht BankWebsite | http://www.forchtbank.com |
Revenue | $74.5 million |
Employees | 273 (187 on RocketReach) |
Founded | 1985 |
Address | 2404 Sir Barton Way, Lexington, Kentucky 40509, US |
Phone | (859) 264-0030 |
Technologies |
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Industry | Banking, Finance General, Home Loans, Finance, Mortgages, Checking & Savings, Financial Services |
Web Rank | 615365 |
Web Visits | 103930 |
Keywords | Financial Institution, Community Bank, Personal Banking, Business Banking, Commercial Banking, Lending, Online Banking, Wealth Management, Investment Services, Financial Planning |
Competitors | Blackhawk Bank, Community Bank of the Chesapeake, Origin Bank, Peoples Bank - Newton, NC, PeoplesBank |
SIC | SIC Code 60 Companies, SIC Code 602 Companies |
NAICS | NAICS Code 52211 Companies, NAICS Code 52 Companies, NAICS Code 522110 Companies, NAICS Code 5221 Companies, NAICS Code 522 Companies |
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The Forcht Bank annual revenue was $74.5 million in 2024.
187 people are employed at Forcht Bank.
Forcht Bank is based in Lexington, Kentucky.
The NAICS codes for Forcht Bank are [52211, 52, 522110, 5221, 522].
The SIC codes for Forcht Bank are [60, 602].