1. education
2. high school

vol.12 2007
A PUBLICATION FOR
THE PADUCAH BANK
AND TRUST COMPANY
Miriam Muscarella
plus Paducah’sOther Beautiful People
TH E R E
IS ONE BANK
. . .
IN ONE COMMUNITY
M O RTG AG E L E N D E R S A R E S O O U TS TA N D I N G .
WO R D TO D E S C R I B E T H E M
. . .
. .THERE’S
WHOSE
O N LY O N E
. . . WOW!
JANIE SMITH
CINDY BAILEY
EVIE TRIMBLE
DONNA DAVIS
MOLLY BAILEY
575.6619
575.5778
575.6675
575.5732
575.6634
MEMBER FDIC
www.paducahbank.com
table of
CONTENTS
36
38
44
It’s a Family Affair! Paducah Financial Consultants and the Shapiro’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Mike Smith Hits a Home Run for Paducah! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
In the News: Regional and National Financial Publications Identify and Applaud the Creativity and
Initiative of Paducah Bank’s Investment in Paducah’s Artist Relocation Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
One Bank. One Community. One World. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Buying a House is Beautiful! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Go West, Paducah Bank! Go West! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Space: The Final Frontier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Just IMAGEine: Paducah Bank Introduces a New World of ATM Technology . . . . . . 44
11
page
Afraid to Bank Electronically? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
The Official Publication
for The Paducah Bank
and Trust Company
555 Jefferson Street
PO Box 2600
Paducah, KY 42002-2600
270.575.5700
www.paducahbank.com
Photography by GLENN
HALL
If you have questions about
a product or service or would
like to obtain a copy of Paducah
Bank’s WOW!, contact Susan
COVER STORY: A Beautiful Bunch of People
Guess at 270.575.5723
or [email protected].
WOW! VOLUME 12/2007 • 1
ear
D
FRIEND:
AS WE HAVE SO OFTEN SAID, Paducah Bank is not the compilation of brick and mortar at a variety of
locations in and around Paducah, Kentucky. Paducah Bank is a cumulative repository of talent and
resources represented by both bank associates and bank clients. And in our opinion, that’s a beautiful thing.
In this issue of WOW! we lift up just a FEW of the thousands of people who not only make this bank
extraordinary, but whose character or achievement leaves us with a sense of
respect and appreciation. These are people whose spark of genius or ability to
see a piece of the world so clearly and with such passion that it infuses their
lives and those of everyone around them.
Speaking of beautiful, in this edition we provide you with a glimpse of the
striking new facility (brick can be beautiful) we are constructing in Paducah’s
expanding retail center to the west of the city. We also share with you some renJoe Framptom, CEO
ovations that will make your banking experiences more easy and efficient along
with a profile of our innovative new ATM at the Lone Oak Banking Center.
If the news of late seems to fill you with financial alarm, never fear! Paducah
Bank is here to explain just what’s happening with real estate lending on a local
basis and to give you a sense of security about Internet banking as well.
And we, too, are in the news. Two national publications recently lifted US
up in THEIR publications with regard to our partnership in Paducah’s Artist
Relocation Program.
You’ll no doubt enjoy our conversations with local entrepreneurs Mike
Wally Bateman, PRESIDENT
Smith and Robyn Shapiro. And if investing seems daunting to you, learn how
to overcome the obstacles, making it as easy as taking a hike!
A community is not defined by the land it occupies or the brick and mortar it erects. It is crafted by the
beautiful contributions of great minds and the gifts of open hearts—by beautiful people whose singular lives
form a character of a community at large. A community of which we are proudly a part!
WOW! VOLUME 12/2007 • 3
I
t’s a family
AFFAIR!
BOB SHAPIRO HAD BEEN A CLIENT OF PADUCAH BANK FOR SOME TIME, but on one particular occasion when he
was leaving the bank after visiting with his private banking representative, he encountered George Shaw.
“We had just established Paducah Financial Consultants as a part of Paducah Bank’s comprehensive
Wealth Management Department, when I ran into Bob,” George remembers. “I’d known Bob as a
businessman in the community and we began to talk about our new investment firm here within the bank.”
Bob indicated that he was looking for a commitment from an investment advisor that would provide him and
his family the kind of time and attention he felt they deserved. As the conversation expanded and Bob mentioned
the need to set up a college fund for his daughter, Lily, George responded without reservation that Bob was in just the right place.
“Our Wealth Management team, consisting of Paducah Financial Consultants, Private Banking, and Trust services, provides ease of
access and convenience that few banking institutions can offer,” George adds. “Our promise of total commitment to Bob’s investment
management, his history with the quality of our products, and the total access to everyone who was involved with his financial needs
was just the impetus for him to bring all his banking and investment business to Paducah Bank. His wife, Robyn, also enjoys both
a personal and professional relationship with us as well. It’s become a complete family affair. It’s very satisfying to know that we can
make both the Shapiro’s private and professional financial planning and management efficient and effective.”
Tu r n t h e p a g e f o r m o re o n t h e Sh a p i ro s > >
4 • WOW! VOLUME 12/2007
WOW! VOLUME 12/2007 • 5
PA D U C A H F I N A N C I A L C O N S U LTA N TS
The peak of financial performance for clients Bob, Robyn and Lily Shapiro
Bob Shapiro has overcome some
serious obstacles in his life.Choosing
Paducah Financial Consultants to
manage his daughter’s college fund
portfolio wasn’t one of them.
TO CELEBRATE HIS ENTRY INTO THE DECADE he turned 50, Bob Shapiro
That leaves Denali in Alaska, which at 20,320 feet, is the highest
decided to climb to the highest point in each of the 50 states. During
mountain in North America and the coldest major mountain on earth.
the last nine years, he’s scaled 49 of them.
The first 45 peaks necessitated outings ranging from minor walk-
“I’m in my second season of debating whether to even attempt it,”
reflects Bob. “It’s a huge commitment, involving six months of rigorous
ups to extended backpacking trips. The last four summits, Mt. Hood
conditioning, thousands of dollars in gear and guide services and three
in Oregon, Mt. Ranier in Washington, Granite Peak in Montana, and
weeks of climbing on the mountain under some of the planet’s most
Gannett Peak in Wyoming, are fully glaciated and require mountaineer-
extreme conditions. The chances of someone my age reaching the
ing skills utilizing ropes, ice ax and crampons.
summit are far less than 50%. To risk my life against such odds has, for
the first time since the dream began,
given me pause to reconsider.”
On August 1, 2007, Lily and Bob Shapiro
reached the summit of Wheeler Peak.
At 13,161 feet, it’s the highest
mountain in New Mexico.
But even if that one last Alaskan
peak doesn’t get bagged, Bob leaves a
legacy of accomplishments that very
few can claim. However, there is yet
another person in Paducah who may
give it a try and that’s Bob and Robyn
Shapiro’s daughter, 11-year-old Lily.
“Little did I know when I set this
goal a decade ago that I might have to
do many of these mountains twice,”
Bob proclaims. “Lily has caught highpoint fever and, to date, made it to
the top of 22 states. She is one of the
youngest to scale Humphrey Peak
{12,633 ft.} in Arizona,” he reflects.
“She was six at the time and when she
reached the top, after five hours of
6 • WOW! VOLUME 12/2007
FEATURES of A
grueling climbing, a group of young climbers on the summit gave her a
standing ovation. It was one of the proudest moments of my life and I
realized that Lily did indeed have ‘the right stuff.’ She recently climbed
to the summit of Mount Elbert in Colorado, which at 14,433 feet is
the second highest mountain in the continental United States.”
COLLEGE SAVINGS PLAN
Although reaching this pinnacle of success in her youth will probably
look really good on Lily’s college applications (not to mention the
Tax advantages. Earnings can grow tax-free. And withdrawals
fodder it will provide her on her entrance essay), Bob thought it prudent
for qualified higher education expenses are free from federal
to plan ahead for the financial end of her educational investment.
tax. Tuition, room and board, and required books and sup-
“I decided to sign up early for Social Security,” Bob remembers,
plies are all qualified higher education expenses.
“and when I went to the office, the representative asked me if I had
any dependents under 19 years of age. I told her I had an 8-year-old
daughter and asked why she wanted to know.”
Bob was told that dependents under 19 are eligible for a monthly
Social Security benefit. “That was the one and only time being an older
father had paid off !”
So Bob decided to contact George Shaw at Paducah Financial
Can be used for any accredited college, not just schools in
the state that sponsors your plan. Includes undergraduate,
graduate, post-graduate and technical training.
Up to $12,000 a year in contributions allowed
($24,000 for married couples) without gifttax consequences. Or, under a special
Consultants to create a portfolio using Lily’s income as an investment
election, up to $60,000 ($120,000 for
in a future college fund.
married couples) can be contributed at one
George recommended a 529 education account, which Bob agreed
time by accelerating five years’ worth of
seemed to fit the need perfectly. The monthly amount can be direct
contributions. Any additional contributions
deposited into the bank from the Social Security Administration and
made during the next four years will
is tax-free if used for her college education. Lily also has a trust fund,
reduce the taxpayer’s lifetime gift-tax
administered by Paducah Bank Trust Officer Lesa Barks, which the
exemption of $1 million.
investment team manages as well.
“I have a lot of confidence in George,” Bob says. “He’s done an
outstanding job with the investments of both funds and our personal
accounts as well. I feel really comfortable with everyone at Paducah Bank.
We have periodic reviews to make sure we’re doing what’s best with the
No income limits. You can contribute no
matter how much you earn.
Ability to save for anyone—your child or
grandchild, a niece or nephew, a friend
investments. And George doesn’t hesitate to tell me when adjustments
or yourself. You can even change
need to be made.”
beneficiaries within the same family.
Between the Trust Department, Paducah Financial Consultants, and
Wealth Management team, who all work to support Bob and Robyn’s
Control of assets. You decide when to make
personal and professional finances, there is no problem that can’t be
withdrawals. You can move your assets once a
handled expeditiously, Bob believes.
year or when you change beneficiaries.
“Knowing that your family’s future financial well being is in such
competent hands is a source of great comfort. Everyone is so easily
Call George Shaw today at 575.6636
accessible, so quick to respond,” Bob concludes, “whether I’m here in
to ask how you can begin saving for
town or on some mountaintop.”
college with a 529 savings plan.
Whether it’s key chains or checking options,
Robyn Shapiro asks all the right questions
circulation. I leave a pen with our name
and logo on it with every restaurant tab I
sign and then that pen gets passed on to
someone else and probably to yet another
WHO DO YOU CALL WHEN YOU NEED to choose from more than
750,000 imprinted products for a company or organization advertising promotion? Why, René Advertising Specialties, of course.
Who does Robyn René Shapiro call when she needs to discuss
person, and the message just keeps getting passed along.”
This very company was passed along to Robyn by her mother,
the late Carol René Hoover. “My mom was introduced to this
business when she was a bored housewife in Frankfort when my
questions concerning her company’s banking and financial issues?
stepfather was in state government,” Robyn explains. “She had
Why, Paducah Bank, of course.
worked for a specialty company there and really enjoyed the
Perhaps the more interesting question, however, is HOW do
you choose from more than 750,000 specialty items when you’re
trying to create a memorable image for your brand or event?
“Well, first we start with some questions actually!” explains
Robyn Shapiro, second-generation owner of the Paducah-based
small business. “We begin with asking the client some questions
business, so she started her own here in Paducah in 1989.”
From there the amount of “stuff ” available to prospective
buyers has sky-rocketed and the growth of this Paducah business
has expanded as well. “For someone who really hates clutter, I am
totally surrounded by ‘stuff,’” Robyn laughs.
Robyn has found that during her tenure as leader of the ‘logo
about the end user; then we talk about the available budget, how
imprint’ craft, people have become more quality oriented. “They
many pieces the client needs, and what the end result or goal of
are not as much budget driven as they once were, I think,” Robyn
the promotional campaign is to be. From there we can then start
comments. “It’s more about a quality product. For the most part,
to actually pin down the exact type of item to be utilized. I love
when people spend money for this, they want to get something they
the challenge of helping a new business get their name out in the
know will be used and valued.”
community or to help existing businesses target new clients or
show appreciation to their loyal customers.”
And what is STILL one of Robyn’s favorite choices for useful
“branding”?
“I still think the pen and the coffee mug are a couple of the
And Robyn can relate. Quality banking services are high on
her agenda as a client, as well. “The financial products and services
that I get from Paducah Bank are on par with any bank anywhere.
Small businesses like mine, here in town, cannot only get top
notch products but even more value, we have access to professional,
most effective and affordable choices for successful usage of
personal contacts,” she adds. “I don’t think there are many places
promotional products,” Robyn answers. “But we aren’t limited to
where you would feel comfortable picking up the phone and
the ordinary. Clients can choose from tote bags, portfolios, watches,
calling the bank president, knowing that he would take your call.
t-shirts, hats, etc. In fact, we can imprint a logo on practically any
It’s really wonderful to work with people on a professional basis
item imaginable!”
that you also see at Chamber events, or Rotary, or fundraisers.
Robyn considers promotional products to be a form of tangible
advertising. “In terms of the media, an ad or a radio spot are here
and gone. Promotional products linger; they stay in use and in
8 • WOW! VOLUME 12/2007
That’s one of the beauties of Paducah and that’s one of the beauties
of Paducah Bank as well!”
“I don’t think there are many
places where you would feel
comfortable picking up the phone
and calling the bank president,
knowing that he would take your call.
— RO B Y N S H A PI RO
401(k)
Focused
rollover
on your
success!
specialist
GEORGE SHAW • 575.6636
Service is
everything!
SHIRLEY JENNINGS • 575.6632
WENDY KESTER, CFP,
®
RFC
• 575.6630
What
will your
retirement
paycheck
look like?
KEITH JENNINGS • 575.6639
LOCATED AT PADUCAH BANK • 555 JEFFERSON ST.
Securities and Insurance Products offered through Linsco/Private Ledger. Member NASD/SIPC
Not FDIC Insured. No Bank Guarantee. Not a Deposit. May Lose Value. Not Insured by Any Federal Government Agency.
A
bunch of
B E AU T I F U L
people
CRAIG GUESS • RONNIE AND JEFF JAMES
CLARENCE NUNN • STEVE GRINNELL
D R . S H AW N J O N E S • S A N D R A W I L S O N
GARY ZAKUTNEY AND KEVIN BAER
B A R B A R A V E A Z E Y • M I K E FA L C O N I T E
CHARLIE AND GAIL RANSLER
DR. TED BORODOFSKY
MIRIAM MUSCARELLA
PADUCAH BANK decided to go looking for some of
Paducah’s most beautiful people.
us whose character or achievements leave us in awe;
people who possess a spark of genius or the ability
You know, the ones whose beauty and brilliance
to see a piece of the world so clearly and with such
shine through an exterior that might not make the
passion that it infuses their entire lives—and
cover of Glamour or GQ but has, nonetheless, an
changes the world for everyone around them.
aura that dazzles the world around them.
In an ever-changing and constantly evolving
A community is not defined by the land
it occupies or the brick and mortar it erects.
community that sees new developments day-
It is crafted by the beautiful contributions
by-day, Paducah has more than its share of
of great minds and the gifts of open
brilliance. So we’d like to introduce you to
hearts—by beautiful people whose
JUST A FEW (we want to emphasize
just a
few of MANY) of the people in and around
singular lives form a character of a
community at large!
WOW! VOLUME 12/2007 • 11
mind
A
BEA UTIFUL
“THE FUTURE BELONGS TO THOSE brave enough to make the journey,” commented
Miriam Muscarella in her Paducah Tilghman High School valedictory speech in May
of 2007. She knows of what she speaks.
Miriam’s journey has taken her all over the United States and abroad. And the
journeys haven’t only been geographical. By way of her many destinations, she has
reached the pinnacle of academic height (many times over). She has presided over
national YMCA affairs, she has made her voice heard in ancient cathedrals, she
has amassed record numbers of service hours on behalf of the Girl Scouts of
Kentuckiana, she has worked out with the US Naval Academy, she has been
honored as a most outstanding citizen by the American Legion Auxiliary,
she has a degree of honor from the National Forensic League, she has
been president of the Senate of the Kentucky Youth Assembly, she
has met President George Bush, she has driven an Alaskan dog
sled, and she has successfully lobbied the House and Senate of
Kentucky for an HIV confidentiality bill (House Bill 82).
The journey continues. Miriam has been accepted into the freshman class at Harvard (recently ranked as the nation’s number one
most difficult school at which to be accepted). But she won’t be
stopping at Cambridge. Rather, she’ll be spending her first year
in Geneva, Switzerland, where she will study intensive French
and calculus. While in Geneva, she will also have the
opportunity to volunteer with the United Nations and
the International Red Cross as well as fulfill her goal
of arranging and recording a cappella music.
During her 2007 commencement address
Miriam recalled being made “Disney royalty”
during a visit at age four when she pulled the
proverbial sword from the stone. “My realm
was about a dozen people who saw me pull out
the sword. And 30 minutes later, another Queen
Guinevere was named the ‘new’ ruler. That day I
thought the award was what mattered.”
At the conclusion of her commencement
address, Miriam noted: “Somewhere between
my 30-minute dictatorship at Disney and
today, I realized the emptiness of a mere
title. It isn’t the award or recognition but
the journey that matters. The future
belongs to those brave enough to make
the journey.”
THERE’S SOMETHING TO BE SAID FOR PLAYING IN THE DIRT.
IS BEAUTIFUL
Mike Falconite grew up in Cairo, Illinois, where his father was always
stirring up some dirt. Mike’s father, Joe Falconite, owned and operated a
He then hit the ground running once again—running a development
heavy equipment company which Mike eventually took control of and
company that is now establishing properties at multiple sites around
moved to Paducah in the 1980s. From those beginnings in crane and
the Midwest. In the Paducah area alone, Mike has created residential
equipment leasing, Mike was initiated and educated in a world of
complexes like Olivet Village, Plantation Village, West Park Village,
movers and shakers you might say—the kind who excavate, unearth,
and Barkley Place. He has generated commercial centers like Village
and recreate.
Crossing, Dogwood Plaza, Oaks Plaza, and Falconite Business Center.
“The more you build, the more you learn,” says Mike of the millions
of square feet he’s previously had under construction. “You learn how
to quickly assess a location, get a feel for the traffic patterns, the pull a
He also has a 100-unit apartment complex behind Paducah’s Sam’s
Club store that is currently under construction.
To say that he has constructed a successful entrepreneurial venture in
retail center will have, the environment around it and the potential it
this central city of Paducah is a testament to his grassroots conviction
has for success.”
that a good location is a good strategy. “Paducah is a great place to
Mike Falconite has learned by doing. After relocating his second-
develop retail centers. It pulls from a large radius, is centrally located
generation family business to Paducah, he expanded the company to
in a four-state area, and now has a core group of strong retail establish-
the point that it reached into more than 55 multi-state locations and
ments to encourage other national chains to look at coming to town.
employed 900 people when he sold it.
Paducah is a very appealing place.”
WOW! VOLUME 12/2007 • 13
THE ANSWER IS YES!
That’s the answer Craig Guess, president of Vanguard
Contractors, has often given to those asking for his leadership
skills and his volunteer time.
In 2007, Craig said yes to taking on the chairmanship of the
Associated General Contractors and the Kentucky Chamber
of Commerce (only the second Paducah person to hold the
position). Awhile back, Craig said yes to the chairmanship of
the Paducah Area Chamber of Commerce.
Craig says his answer is yes for one reason—it makes a
difference. “For local communities or entire states to become better
places to live and work, it takes people who are willing to lend their
expertise, their energy and their enthusiasm. We all have something
to offer, but in order to make a difference, we have to step up and be
willing to be a part of the solution. I think it’s important for everyone
to choose something they’re passionate about and lend a hand.”
As Craig handed off the gavel to the incoming Kentucky Chamber
chairman, the president of the organization had some beautiful things to say
about Craig’s year-long leadership. “We had one of the most productive years
in the history of the Kentucky Chamber,” said David Adkisson, “and Craig’s
leadership style was critical to that success. He is one of the most enthusiastic
leaders I’ve ever worked with.”
volunteer
A
B E AU T I F U L
Under Craig’s guidance, the Kentucky Chamber set a record level of
membership exceeding $2 million in revenue and a record amount of
revenue from events and publications. His most far-reaching goal,
says Craig, was the initiation of Kentucky’s New Agenda, an effort
to encourage creative thinking by people throughout the state to
meet the many challenges Kentucky faces in the years ahead.
“Our goal is to present Kentucky’s next governor with a
proposed action agenda that represents the best thinking of the
state’s business and civic leaders, young entrepreneurs and other
citizens who reflect Kentucky’s geographic and demographic
diversity,” Craig adds. “This is not another report that sits on
the shelf. What we want to do here is create fresh approaches
to some vital issues like education.”
Craig believes this initiative could make a major
difference in Kentucky’s future. And, YES, making
a difference is what volunteerism is all about.
14 • WOW! VOLUME 12/2007
beautifullife
A
IN THE SUMMER OF 1950, a dozen spirited 12- and 13-year-old boys found themselves in front of Judge Roy Stewart at the McCracken County
courthouse. The juveniles were facing theft charges for stealing furniture from homes for their newly built dirt-cave clubhouse. Fortunately,
Oscar Cross, then a janitor at the courthouse, heard their plight and asked the judge if he could take on the job of redirecting the boys
and supervising their rehabilitation.
The judge gave them meeting space in a basement room of the courthouse and the Junior Legion Boys Club was born. Cross offered
them board games, hikes and guidance in those early years. Each of those original twelve members went on to lead successful lives.
Today the Oscar Cross Boys and Girls Club has over 500 members with an average of 40-60 kids using the facility each day. Nine staff
members tutor, mentor, organize games and crafts, arrange day trips, and assist older teens with college applications and career networking.
Since 1997 Clarence Nunn has been the “father figure” behind the guidance being doled out at the Oscar Cross Club.
Clarence Nunn grew up in the Club and is one of its success stories. He began going to the Club as a 5-year-old
around 1954. “The Club meant so much to me—gave me the guidance that I needed,”
he remembers. “Mr. Cross had a way of dealing with us and he had so much
support from our families. As director here now, I still have that support from
the families. When a kid knows his parents and I are in agreement, we
get stuff straight very fast and that’s exactly what you need.”
Clarence Nunn left Paducah in the late 1960s for a career
in law enforcement in Michigan. He retired and came back
home in 1997 to direct the future of the Oscar Cross Boys
and Girls Club.
“Over the last 55 years, the Club has given thousands of
kids hope and opportunity and a way to stay on a straight
path,” Clarence says. The Club, of course, is only as good as
those who lead it forward—those with the kind of commitment and care provided by people like Clarence Nunn.
“Among the most critical challenges young people in this
generation face are developing decision-making and goalsetting skills. They need direction in making choices that
affect their lives in the future,” he believes. With the kind
of direction given by Clarence Nunn and the supporting
staff at the Oscar Cross Club, many of these young lives
will, indeed, become beautiful in the end.
B
music
E AU T I F U L
“I FEEL VERY FORTUNATE TO HAVE a little talent in music,” Dr. Ted Borodofsky
voices, with regard to the skill he possesses once he places his deft fingers
around that long, black jazzy reed instrument we call the clarinet.
The people of Paducah feel pretty fortunate as well.
Ted Borodofsky has long led a band of followers in search of stronger, better,
more ample arts programs and offerings in his second home here in Paducah.
Ted hails from a small town in the Mississippi Delta, where he first picked
up the woodwind from which now emanates the constant string of swing
and Dixie tunes that Ted loves so much.
“I started playing clarinet in 5th grade in my school band and I just stuck
with it,” he recalls. “Once I heard the great jazz clarinet player Pete Fountain,
I was hooked. I was lucky to have an ear for the music and patterned my
playing to Pete’s. I listened for hours to his music. And over the years, I sat
in with many groups no matter where I was living.”
Now Ted leads his own group of talented, toe-tapping musicians from all
around the region. “Once here in Paducah, I continued to play and sit in with
various musicians until I formed my own group, Southern Jazz. Working
with my own group has allowed me to play exactly the music that I wanted
to present—swing with a little Dixieland. I’ve tried to find the best musicians
in our area and in the Nashville area to work with. It’s really great to play
with so many fine professional musicians. I’ve learned a lot from all of them.”
Ted admits that he travels to another place when he’s crafting music from
his off-hours instrument. During his day job, he’s utilizing the instruments of
a respected ophthalmologist in his office and in the operating room. “I’m in
another world when I’m playing a tune like ‘Struttin’ With Some Barbecue’ made
famous by Louis Armstrong or trading solos with the other guys in the band.
When the band is really swinging and tight, the sound can be just great, and when
those listening get caught up in the spirit of the music, that makes it even better!”
Ted has made Paducah’s part of the world a little better with his passion for
the arts and his determination to see projects like the Luther F. Carson Four
Rivers Center come to fruition. “Having an active arts community, whether it’s
the visual arts or the performing arts, certainly increases the quality of life for
those living in the community,” he fervently believes. “The world of imagination,
creativity, and diversity that is brought to a community by a variety of active
arts programming generates excitement and pride throughout the community,
enhances educational opportunities for all ages, and provides part of the foundation
for economic development. The recent surge in Paducah’s downtown development
is a synergy of the increased cultural milieu the people in our community
have put forth the effort to create.”
16 • WOW! VOLUME 12/2007
A
B E AU T I F U L
AS CHARLIE AND GAIL RANSLER look out the original windows
The house was built in 1904 by W.A. Fowler. The home was
of their turn of the century home, they can take heart that, with their
originally a part of the 150-acre Edgewood Dairy, one of the early
preservation of this historic structure, the future of other local landmarks
milk-producing operations in the Paducah community. The hipped
might be a little bit brighter.
roof, balanced end chimneys and columned porch are characteristics of
Charlie Ransler has been a history buff since he played with toy
soldiers. His wife, Gail, joined him in the pursuit when they married.
the Colonial Revival style.
The Ranslers combed the home and outbuildings after the purchase,
And amazingly enough, when they settled in Paducah in 1983, they
discovering a host of delightful architectural elements to restore or reuse
were struck by the beauty and historic presence of the storied home in
inside the house, along with a few interesting artifacts including an
which they now live.
engraved medallion from the Chicago World’s Fair.
“As we drove down Broadway during our visit to look at locating
“We would love to think that the successful restoration and
here, we both commented on how beautiful the home was,” Charlie
rejuvenation of this home will encourage others to consider local
Ransler remembers. “Now we’re the home’s fourth generation of owners
preservation,” Gail Ransler adds. “ Once these beautiful pieces of our
and we are so happy that we were able to revitalize it for perhaps another
past are gone, they can never be reclaimed.”
generation to come.”
A
working
B E AU T I F U L
world
NOTHING WOULD MAKE SANDRA WILSON HAPPIER than to create a local economic
environment that is conducive to recruiting and supporting the interests of
young professionals and entrepreneurs—her daughter included.
“Throughout my career I have been involved in economic development
organizations whose efforts have been devoted to creating a working environment that encourages businesses and industries to locate in our region,” Sandra
explains. “I think it is vital to the future of our community and our area
that we secure and sustain quality companies which can offer
jobs and opportunities to our existing workforce and to
that of the next generation. I would like nothing better
than to know that my daughter could come home after
college and find meaningful, professional options here
in her hometown.”
And Sandra has put her time and effort where her
heart is. She has been active with the Paducah Area
Chamber of Commerce and the Ballard County
Economic and Industrial Development Board
for many years. In 1996 Sandra was elected the
first woman chair of the Paducah Area Chamber
of Commerce Board of Directors, and in 2009
she will become the first woman chair of the
Greater Paducah Economic Development
Council. She has also served as the chair of
the Paducah-McCracken County Industrial
Development Authority since its beginning.
This fall she will be installed as chair of the
Kentucky Association of Manufacturers.
“I have always felt that it’s important to
find a way to get involved in the community,”
Sandra believes. “There are so many ways to do
that, whether it’s school activities, charitable
organizations or church programs. My interest
has always fallen within the area of economic
development. I have been privileged to be a
part of local industry as Manager of Public
Affairs for NewPage Corporation {formerly
Westvaco} for a number of years now. That
experience has shown me the value of having
strong, community-minded companies in
our area.”
A B E AU T I F U L
breath of
fresh
air
“IF A JUMBO JET
crashed every
eight hours for a year, and everyone on board
was killed, it would equal about 400,000 deaths
(about the number of deaths documented each
year from the effects of smoking). Wouldn’t we do
something to stop that kind of insane loss of life?”
asks Dr. Shawn Jones of Paducah.
In fact, he did.
Dr. Jones began collecting data and information about
a ban on smoking in public places in the summer of 2004
after Lexington, Kentucky passed an ordinance, which survived
a Supreme Court ruling that same year. “I felt that decision really
made it feasible for smaller cities to consider a restrictive ordinance
without having to worry as much about litigation,” Dr. Jones remembers. “I created a public education campaign regarding the effects of
second-hand smoke and initiated a push for an ordinance to ban smoking
in public places. The local newspaper broke the story in January when they
discovered we were asking community leaders and organizations to support the
effort and word got out prior to our approaching the City Commission directly.”
The Commission appointed a task force the summer of 2005 and adopted the
ordinance in September 2006. The regulation went into effect in April 2007.
Dr. Jones was personally motivated to take on this controversial project by
means of the intimate association he has daily with the health effects of smoking.
He says coming to grips with the statistics was compelling.
“I felt our culture, with respect to the acceptance of tobacco use, needed to
change. Thankfully, with a host of organization support from the American
Cancer Society, the Kentucky Medical Association, the American Medical
Association and a lot of concerned individuals, it is starting to change
for the better,” he adds. “The protection of children, workers
and those with airway or pulmonary disease is ethical
and humane.”
Does Dr. Jones see more clean air in the future?
“Illinois and Tennessee are now smoke-free, so there
is really no reason not to help lead Kentucky toward
the ultimate goal of a statewide law,” Dr. Jones suggests.
WOW! VOLUME 12/2007 • 19
A
view of
B E AU T I F U L
paducah
FOR NEW LOURDES CEO, STEVEN GRINNELL, two roads converged and both
Mary Grinnell is an accomplished pianist and has, in her short year here,
led him to Paducah, Kentucky.
been actively engaged in performances in a number of Paducah venues
Steve accepted the leadership position at Lourdes, Paducah’s longstanding Catholic healthcare facility, in August 2006. Since that time he
including the Paducah Symphony Orchestra.
Steve’s mother was originally from the Murray-Calloway County area so
has come to applaud and embrace the community’s “sense of pride in its
the new CEO has roots in western Kentucky. He is excited to reconnect
heritage and in the arts and cultural opportunities it provides.”
with family in the nearby community. He holds an undergraduate degree
The roads that led here? One was US Highway 68, which runs through
from the University of Wisconsin-Oshkosh and a graduate degree from the
Steve’s hometown of Yellow Springs, Ohio. The other is US Highway 45,
University of Missouri-Columbia. The Grinnell’s three sons, who all cur-
which runs through Steve’s wife, Mary’s, hometown of Fond du Lac,
rently reside in Michigan, are “the apples of our eyes. The important things
Wisconsin. What a coincidence that both these historic ‘main streets’ ulti-
to Mary and I are our family, our faith, and our friends. I’m so happy to
mately led the couple to their new address. And for that they are grateful.
say that we have found all of these things in abundance here in Paducah.”
“We were fascinated when we visited the community for the first
“I see only good things in the future for this community,” Steve believes.
time,” Steve remembers. “We were pleasantly surprised to see a first rate
“It’s encouraging to see the city and its local government taking steps to
performing arts facility, a full symphony orchestra, and a broad diversity of
create an environment that is designed to attract and keep young profes-
cultural events and offerings in a city of this size. It was a wonderful gift in
sionals. I think that’s critical to maintaining this community’s past and
addition to the opportunity of taking on my leadership role at Lourdes.”
current standing as a regional center of both business and beauty!”
DR. BARBARA VEAZEY has been a student, an instructor, a college department chair, a dean
of academic affairs, an interim college president, and is now the first woman president
of the West Kentucky Community & Technical College. Dr. Veazey knows education.
And she knows what a community college needs to not only survive, but to grow and
thrive into the 21st century.
“West Kentucky Community & Technical College will break ground on the Emerging
Technology Center in the spring of 2008. An additional wing will be added to support
engineering research by the University of Kentucky and other faculty for purposes of
enriching the community’s economic development ability,” she explains. “We will launch
education
A
B E AU T I F U L
the Paducah School for the Arts and actively campaign for renovation of a 50,000
square-foot building in Lower Town. We are currently building our first house
that will be a part of the city’s Fountain Avenue rejuvenation project.”
Barbara Veazey has a bachelor’s and master’s degree from Murray
State University, a master’s degree in nursing from the University of
Evansville, and a doctorate in educational administration from
Southern Illinois University. During her long and respected career
at Paducah’s community college, she has developed new programs in occupational therapy assistance, physical therapy
assistance, paramedicine, and health physics.
Dr. Veazey successfully led the merger of two separate
colleges into an institution that is now on the cutting
edge in workforce development and a leader for quality
of life through education. Dr. Veazey is a national and
international consultant on higher education and
workforce development issues.
She was named the Paducah Area Chamber of
Commerce Volunteer of the Year in 2000, she
received the Outstanding Alumni Award in 2002,
and served as Chair of the Chamber in 2006.
But her passion is singularly focused on the
provision of an excellent education for the
people of this region. “One of our most
urgent challenges in the years ahead is to
provide the resources to attain and keep
teaching technology at current and emerging industry standards. I think the real
challenge to our community is to fully realize,
at every level, the resources for a quality
education that exist at the community college
and to encourage more students to attend
beginning at the middle school level.”
WOW! VOLUME 12/2007 • 21
A
B E AU T I F U L
riverventure
James, the company’s Executive Vice President / COO, believes.
The company currently has a large rank of young, up-and-coming
management staff who are working side-by-side with James Marine veteran
managers. “We intend to vigorously pursue this philosophy to ensure
JAMES MARINE, INC. BEGAN BACK IN 1986 as a small marine service company.
our customers that the experience and know-how that has defined our
Ronnie James had worked for more than 15 years for his father-in-law, the
company in the past will serve them well in the decades to come. We like
late Paul Walker, and used the experience with the Walker companies to
to say we are in a constant state of knowledge transfer,” he adds.
fuel the growth of what now has become a significant employer in the
The market in the marine industry is now enjoying one of the best
Paducah/McCracken County region, with more than 800 employees.
periods of growth and progress in its history. That has helped fuel the
“Much of the growth of our company can be attributed to acquisitions
growth of James Marine’s customer base and that, in turn, has fueled the
of other local firms. However, our growth in the last few years has been a
company’s overall growth. “With company headquarters for Ingram,
result of our continued commitment to reinvestment in our assets and
Marquette and Crounse Corporation here and TECO just across the
facilities. Ours is a capital-intensive business, requiring major marine equip-
river, the rich river heritage that has always been a part of Paducah has
ment to handle the workload. But it is our people who make our company
only grown stronger and richer. Paducah is well known today as the hub
what it is, and it will be our people—welders, fitters, laborers, deckhands,
of the inland marine
engineers, pilots—that will define our future growth and success,” Jeff
in America that is
industry. We cannot think of another region
better suited for James Marine.”
A
B E AU T I F U L
GARY ZAKUTNEY AND KEVIN BAER are shedding some strong light on the
ing and management firm with expertise in development, design, analysis,
world-wide concerns of energy consumption and environmental pollution.
and installation of energy management solutions. The company’s goal is to
And they’re doing it from a corporate office deep in the heart of the rolling
develop customized strategies that meet the needs of businesses without
hills of western Kentucky.
sacrificing quality or productivity while maximizing savings and profits.
Corporations and businesses are continually feeling the pressure that
“Our systems begin with a complete assessment of the company’s energy
energy prices have on their profitability and that wasted energy consump-
requirements coupled with their financial objectives,” Gary adds. “At all
tion has on the total environment. Utilities Dynamics, the company found-
times we are focused on helping our clients achieve all their energy related
ed by Gary and Kevin, offers productive, profitable, conscientious solutions
goals and objectives.”
to some of the energy issues facing small and large companies alike.
“Many of our clients have reduced their annual energy expenses between
The company’s customer base includes specialty retail stores, education
facilities, commercial and industrial clients. Some of their clients include
25% to 50%,” comments Kevin Baer. “These savings are measurable,
Dollar General Stores, LimitedBrands, Inc., SuperValu supermarkets, the
sustainable and have a significant effect on the organization’s bottom line
State of Kentucky, and Siemens Building Technology.
as well as providing reductions of the ultimate expulsion of pollutants and
the unnecessary drain on the nation’s natural resources.”
Utilities Dynamics Inc. was established in 1995 as a specialty engineer-
“It’s very gratifying to aid companies in not only being more operationally efficient, but in taking steps that positively impact the world we
all live in,” Gary concludes.
WOW! VOLUME 12/2007 • 23
HITS A HOME RUN FOR PADUCAH!
Mike Smith’s vision is an asset and an inspiration to those in and around western Kentucky.
One of Paducah’s pioneer entrepreneurs has never ceased to grow his business in the fertile soils of his beloved
Paducah. His most recent venture is a flag-waving example of a premier dealership with regional roots. “It’s a
dream that just keeps on happening,” says Mike Smith. Imagine where his dreams might go from here. >>
W O W ! V O L U M E 1 2 / 2 0 0 7 • 25
thebusiness
Mike Smith’s career started early and launched like a bottle rocket. He began at the age of 20 selling cars in Clarksville, TN. “I found out that I
was good at it!” says Mike. “By the time I was 23, I was sales manager at a General Motors lot. I was then able to open up a used car operation, and
it just took off. I also sold Datsuns, which later became Nissan. I was the youngest Nissan dealer in the United States when I was 24.” The times
were also good to Mike. “That was during the Arab oil embargo. When gas was short and money tight, Japanese cars were the way to go.”
Even though Mike’s career was revving up beyond expectations, he envisioned a journey that would take yet a different path. After a successful
run in Clarksville, Mike moved his operations to Paducah and bought a Toyota dealership in 1991. “My family and I love it here! These have
been extremely delightful years. We’ve been able to raise three fine sons in Paducah, whom, I might add, are extraordinary because they have their
mother’s genes. We’ve developed wonderful relationships, and we serve the best customers in the world.”
Mike’s dealership on the south side of Paducah thrived as Toyota established itself as a leader in the automotive industry with vehicles that
displayed increased reliability and longevity. Mike even added more lines to his Toyota lot with the emergence of Mitsubishi and Kia. “We just
love the South,” adds Mike. “We love grits and sweet tea . . . and we absolutely love the south side of Paducah. It’s been a wonderful place to do
business. When we were thinking about building our new location, we knew we couldn’t leave the south side. It was hard thinking about it. But
then it struck me; we can do both!” The wheels in Mike’s head, which never stop turning at an accelerated rate, began to take him down a road
that eventually led to his premier dealership along Interstate 24.
thevision
Mike decided to move his Toyota and Scion operations to a prime piece of property between Coleman Road and I-24 and add a Suzuki line at
his south side location. “My vision was to open up a regional store,” Mike relates. “I met George Bush, Sr. on his last campaign stop when he
was running for president. He came to Paducah for a reason. He could have gone to any major city anywhere in the U.S. but he came here. It’s
because through Paducah, you can touch four different states. I thought that idea presented us with a wonderful opportunity to serve clients in a
broader market. From Paducah, you can reach out to people in Kentucky, Illinois, Missouri, and Tennessee. Just the location itself speaks to that.
Over 105,000 people a day see this store.”
And Mike’s vision of regional marketing paid off. “No one sells more cars locally, and no one sends out more vehicles to more states than we do.
We could not build a store such as our new one without reaching out to a broad market. This is a store that you normally see in big cities.”
But Mike’s business philosophy does not end with regional marketing. “I wanted to create an extraordinary place,” adds Mike. “We wanted to
make it sharper, nicer, and even more entertaining than any other store you’ve been in before. We think Paducah deserves it. And many people who
visit say they can’t believe this is here. But it’s about stopping the cookie-cutter process in the U.S. We want people to feel important because they
are! And we prove that to them. Profits cannot be our only goal. When customers come in, we want them to reflect on the buying process and
know it was the best. We have the best customers in the world. We have the most loyal customers in the world. And if you want loyal customers,
you have to do things differently.”
And Mike Smith does just that. Upon entering the dealership, you are greeted with warm, smiling faces. . . and a menu. “We offer all our guests
a place to relax and even have a drink. We have coffee, tea, sodas in glass bottles, espresso drinks, and a couple of flavors of fruit smoothies. It’s all
about separation, meaning that we are vastly different from others. We make a visit here something to remember. From the drinks to the fresh cut
flowers in the ladies restroom, we have built a first-class store.”
In addition to the changes in service and scenery on the inside, one of the first things every customer notices, even before they reach the store, is
the American flag that flies high and proud above all else. “We think it may be the largest American flag in Kentucky,” says Mike. “We present that
here in a way that is rarely seen. We have received thank-you notes and phone calls, but it is really our humble honor to be able to display the flag.”
thecollection
Not only is Mike Smith’s new store unique in terms of customer service, it serves as this area’s only museum of baseball memorabilia.
“It began when Mickey Mantle’s widow, Merlyn, held an auction at Madison Square Garden. I went and was able to purchase things that were
not only baseball related, but items that were from their home and part of Mickey Mantle’s personal life,” Mike explains.
26 • W O W ! V O L U M E 1 2 / 2 0 0 7
Paducah Bank is not
just my bank, they
are my partners.
—MIKE SMITH
Among many of the artifacts Mike bought were Mickey Mantle’s cowboy boots, a ball signed by Richard Nixon, and Mickey’s personal
scrapbook that sat on his coffee table. “These things go much deeper than your average collection. These items were very personal.”
Mike also added many other pieces—seats from the original Busch Stadium are one such example. “We were able to buy the seats when they
built the new facility. They are in front of a big screen, and there is a dome overhead for audio. You can sit there and watch old baseball films.
You really feel like you are there! And it’s amazing to see people come in and get lost in something like watching Bob Gibson set a World Series
record. We had one customer who was terminally ill. He came in, sat in the stadium chairs, and his face just lit up. He loved it so much. It was
fulfilling to see him traveling back in time.”
The collection winds its way around the inside of the store and offers customers a chance to experience something totally different. “When you
come in for an oil change or servicing, you get entertained. You get something you won’t find anywhere else.”
thebank
Mike Smith considers it an honor to work with Paducah Bank. The relationship dates back to his first days in Paducah.
“When I say Paducah Bank,” says Mike, “I am saying leadership. They are not my bank, they are my partners. And they are consultants to me.
When they have something to say, I listen because they are experts on Paducah and on banking. When I make decisions, I want to go to the
experts. I can’t make a decision about my business in Paducah based on what someone from New York or Los Angeles says. They don’t know this
market, this area, and the people like Paducah Bank does. It wouldn’t make sense to do business with anyone else. It doesn’t make sense to do
business with anyone but the best.”
W O W ! V O L U M E 1 2 / 2 0 0 7 • 27
paducah
proud!
Paducah Bank is really proud of our growth chart!
During the past decade our commitment to the delivery of financial services
has gained the trust of our customers and enabled us to reach more than
33% of the market share based on data gathered by the FDIC. We
couldn’t be more proud or grateful. All of us at Paducah Bank are
flattered that you have consistently put your trust in us, and we
are gratified that we can be of service to the extraordinary
people in this exceptional community. We are proud
that we can call ourselves Paducah’s bank!
1997
11.40
1998
16.99
1999
19.40
YEAR
MARKET
SHARE
2007
2000
24.49
33.64
2001
27.12
2002
29.43
2003
30.03
2004
32.02
Source of 2007
Market Share Data: FDIC
2005
31.75
2006
33.25
Regional and national financial publications identify
initiative of Paducah Bank’s investment in Paducah’s
P
and applaud the creativity and
Artist Relocation Program
aducah Bank has long been an avid proponent of municipal and charitable efforts in its home-based
community. But few projects have had both the local and national impact as the bank’s involvement with
the revitalization of Paducah’s historic Lower Town neighborhood.
¶
“We would never have envisioned
the ripple effect of this program when we discussed the possibility with Mark Barone, the program’s first
coordinator,” said Joe Framptom, Chairman and CEO of Paducah Bank. “We saw his original proposal as a good idea; one
which could perhaps take a stab at rebuilding a residential area of our community which had seen continual decline for
decades. We had no idea at the time that this program would be highlighted on national television, become a model for
other American cities to emulate, and bring our bank’s partnership with it to the forefront of the financial industry as well.”
¶
Following are two examples of that focus. Recent features on Paducah Bank and the Artist Relocation Program were
included in The American Banker and ADVANCEMENTS, a periodical of the Federal Home Loan Bank of Cincinnati.
W O W ! V O L U M E 1 2 / 2 0 0 7 • 29
Ice cream and cool treats are not just for Fridays anymore.
Paducah Bank is taking the treats on the road in our new WOW! Wagon!
The WOW! Wagon will frequent fairs, festivals, special events and other
gatherings where Paducah people are having fun and getting together.
Isn’t that cool? We thought so!
taking
note
The American Banker,
a national daily financial
services newspaper,
recently featured
Paducah Bank’s Artist
Relocation Program in its
Community Banking segment
AN EXCERPT FROM THE FULL FEATURE:
In the 1940s and 1950s, Paducah, Ky., was
a destination for jazz musicians such
as Louis Armstrong and Duke Ellington; the
thriving port city at the confluence of the Tennessee and
Ohio rivers was an important stop on the “Chitlin’ Circuit,” a safe set of
performance venues for African-Americans.
However, like many other small Midwestern cities, Paducah fell on hard times in recent decades.
Lower Town, one of the first neighborhoods settled, became a center for the local drug trade and
historic Victorian houses there were cut haphazardly into low-rent apartments, accelerating the
neighborhood’s decline.
But Paducah, particularly Lower Town, has been enjoying a rebirth lately. Lower Town has
emerged as a thriving artists’ neighborhood because of the efforts of Paducah Bank, and tourism is
on the rise in Paducah as art lovers flock to the city to view their work.
W O W ! V O L U M E 1 2 / 2 0 0 7 • 31
can result in success
Article reprinted from the publication ADVANCEMENTS, published by
the Federal Home Loan Bank of Cincinnati for members of the Fifth District
ON THE SURFACE, PADUCAH BANK, Paducah, Kentucky, is a $428
called Lower Town,” he explained. “Our bank partnered with the city a
million-and-growing commercial bank that has been a town staple
few years ago to bring artists from all over the country here.” Paducah
since 1948. It has five branches within McCracken County and 130
Bank President Wally Bateman, a large fan of the arts, elaborated. “The
full-time employees. Less apparent, however, is bank management’s
idea was that artists would purchase homes at discounted prices and
belief that creativity fuels good business. From the use of the
renovate them—typically a gallery on street level and living quarters
FHLBank’s Advance products and housing products to its corporate
above,” he said. “The concept caught on so much that the Artist
culture and everything in between, this is one group that believes that
Relocation Program and Lower Town were profiled on the ABC News
creativity can result in success.
at the end of last year. Our bank is proud to be part of this success.”
A CITY ON THE RISE
BEST PLACE TO WORK
Approximately 30,000 people call Paducah home.
One of the things Paducah Bank is most proud of is the corporate
“We’re located on the Ohio River, so the river
climate it has cultivated. The bank was named the
industry is a big part of our community,” ex-
2006 Best Place to Work in Kentucky
plained Joe Framptom, Paducah Bank Chairman
among Medium-Sized Companies (25 to
and CEO. “We are also easily accessible from
199 employees) by the Kentucky Society for
the highway so travel and tourism are big as
Human Resource Management and Kentucky
well.” Joe is quick to add that one of the
Chamber of Commerce.
most forward-thinking—and profitable—
aspects of Paducah these days is its Artist
Relocation Program.
“Many people don’t know this, but
our city boasts a vibrant arts district
32 • W O W ! V O L U M E 1 2 / 2 0 0 7
This culture is due in no small part to
Chairman Framptom, who has worked full
time at the bank for 23 years, and President
Bateman, a 13-year company veteran. “I’m a bit
of a nonconformist: I’ve always been a creative
person who sees a different angle when it comes to banking,”
Wally said. “Joe and I decided in early 2000 that, in our opinion, the
only way for a bank to differentiate itself is through customer service.”
To learn more about exceptional customer service, bank executives
traveled to Atlanta to attend the Ritz Carlton Leadership Training
Program, which they said was outstanding. They brought ideas back
to the bank and got every employee involved.
FHLBank system
celebrates 75 years
Joe stresses that Paducah Bank’s dedication to the community is
When President Herbert Hoover signed the FHLBank bill into law in
another of the bank’s strengths. “We were happy to offer loans to the
1932, he created a system of 12 financial institutions across the
newly-arriving artists of the Artist Relocation Program,” he said.
nation that would become an integral part of the U.S. housing finance
“Originally, we said we’d commit $1 million. That program has been
industry, serving through volatile economic cycles and industry
so successful that the running loan total is $9 million and counting,
changes. A cooperative enterprise, the FHLBank has always placed
with total development costs in Lower Town exceeding $20 million.
a premium on outstanding customer service.
We’re thrilled to be part of that kind of growth.”
The three basic parts of the FHLBank System are the 12 banks, the
GREAT PLACE TO BANK, TOO
Federal Housing Finance Board that regulates them, and the Office of
The executive team agrees that its ability to utilize FHLBank Advances
Finance, which acts as a liaison with Wall Street. Over 8,000 commu-
and housing products has helped Paducah Bank meet growth goals and
nity financial institutions, including Paducah Bank, are member/share-
become a better bank. “The FHLBank name comes up a lot,” said Joe.
holders in the FHLBank system.
“We are proud to be a member, and it will always be a key component
in our funding decisions.”
W O W ! V O L U M E 1 2 / 2 0 0 7 • 33
One Bank.
One Com
munity. One World.
“We think of Paducah Bank
as Paducah’s bank,” says
Joe Framptom, CEO
of The Paducah Bank
and Trust Company.
“Consequently, we think
of this community as our home
both professionally and personally.
That’s why we make every attempt to
become vitally involved with issues that affect
our community and its citizens.”
One of the most recent concerns is centered around
being environmentally responsible. In recognition of Earth Day
2007, Paducah Bank initiated an effort among its employees to
as well as local concerns like The Greater Paducah Sustainability
(GPS) project, a local grass-roots organization that has started the
Recycle Now initiative.” GPS is associated with the Jackson Purchase
Foundation, Inc. (JPF) as a non-profit organization. GPS’s first
initiative is to establish an area-wide recycling program.
“I have observed recycling initiatives in many other communities
around the country, and I personally believe it’s time we, as a city
and county, begin addressing local and global concerns with regard to
the preservation and stewardship of our environment both for the
present and the viability of the environment for future generations.”
Paducah Bank has previously taken steps to conserve energy by
implementing an interior lighting system which results in both
energy conservation and cost efficiency.
The development and preservation of green space has also come
recycle aluminum cans and plastic bottles. Receptacles at each
into play as the bank has undertaken renovation and reconstruction
Banking Center were available for employees to deposit cans and
projects of late. “We developed a small park adjacent to the historic
plastics, which were then recycled as part of the community’s Earth
building on our property for the use of our staff and the neighbor-
Day events in April. “We identified team captains at each Banking
hood,” Framptom commented. “In addition, when we renovated
Center and for each floor of our main office to provide leadership
the building across the street from our main office for our new
and direction for this on-going project,” Framptom explained.
Operations Center, we also developed an area of green space on the
The bank has also created a campaign that promotes the
use of electronic banking, thereby reducing printing and
paper usage. “We’re currently making a donation
to the city for the purchase of trees
every time someone signs up
for e-statements,” Susan Guess,
Director of Marketing, explained.
Paducah Bank is corporately committed to the support of the city’s beautification
and green-space efforts, Framptom adds. “We
want to do whatever we can to sustain the city’s
on-going commitment to parks and green areas
within our community.”
The bank’s concern for environmental responsibility
goes beyond the one-day Earth Day event, Framptom
comments. “The celebration of Earth Day
empty lot we acquired. We hope this effort will motivate other
corporate and business concerns in the downtown area to be good
corporate stewards and to ‘think green’ when initiating these kinds
of building or relocation projects.”
Beyond the commonly considered need to recycle bottles and
cans, companies like Paducah Bank also encounter issues with the
disposal of technology products and wastes. “There’s also the need
to create ways to deal with the side effects of our technology,”
Framptom adds. “Most businesses, as well as families, now have to
think about what to do with old computers, toner and ink cartridges,
phones, faxes, and other obsolete items which are continuously in a
state of replacement.”
“At Paducah Bank, we feel a responsibility to become an active
corporate partner in the need for recycling systems and projects and
an active participant in projects like these to begin the grass-roots
work of addressing the municipal need to recycle.”
gave us the momentum to begin a dialogue
with our community’s managers and planners
W O W ! V O L U M E 1 2 / 2 0 0 7 • 35
A
buying
BE
house is
UTI
Real estate scares are simply
not a factor in the local market
was one of only five states that didn’t report yearover-year, third quarter increases in foreclosure
filings, including notices of default, auction
sale notices or bank repossessions. Comparing the
“OUR REGION MAY BE THE SILVER LINING to the dark cloud hanging over
first ten months of 2007 with that of 2006, Foreclosures.com showed
real estate financing,” comments Wally Bateman, President of Paducah
a drop in the number of foreclosures in Kentucky from 5,458 to 3,789
Bank. “Not only has our average price of homes increased from last
(0.69 per capita).
year, but housing is currently extremely affordable in our communities,
with low fixed interest rates being offered.”
This statement may seem out of sync with what you’re hearing
and reading in the national media, but local statistics support the
“Our local housing market is actually growing stronger,” Wally adds.
“Paducah Bank made $35 million in secondary mortgage loans through
October of 2007, up $8 million over the first ten months of 2006.”
Bankers in the Paducah area credit a stable economy and conserva-
supposition that the situation here in the western Kentucky region is
tive lending practices for a 31 percent year-over-year drop in the
in stark contrast to what other parts of the nation are experiencing.
number of foreclosures in the state. Nationwide, the number of homes
Mortgage data from RealtyTrac, a national company monitoring the
status of real estate markets across the country, reports that Kentucky
in foreclosure roughly doubled during the most recent quarter reported
by RealtyTrac. The three states with the highest foreclosure rates during
the third quarter were Nevada, California and Florida.
In addition, many borrowers are finding that
their Internet mortgage brokers have either
gone out of business or simply disappeared,
leaving homeowners with expensive and
unfavorable products.
“I think it’s our conservative nature around
here,” Wally believes. “We don’t boom, nor do
we bust. Homes in Paducah are built on contract,
versus large, speculative subdivisions built in some
larger cities and along coastal areas. That kind of
speculative building, along with the impact of
adjustable rate mortgages for some people,
probably makes the most dramatic difference
when comparing our real estate market with
that of more metropolitan areas.”
Our outstanding mortgage lenders: Janie Smith, Cindy Bailey, Evie Trimble,
Donna Davis, and Molly Bailey.
36 • W O W ! V O L U M E 1 2 / 2 0 0 7
FUL!
“Given the number of loans due to reset through the middle of
“The local housing market is strong.
Rates remain very competitive and
Paducah Bank is positioned to assist.
It is safe and affordable to buy a
home in western Kentucky.”
—PADUCAH B ANK PRESIDENT
WALLY B ATEMAN
“Midwest cities dominated the top of the most affordable housing
2008, and the continuing weakness in home sales, we would expect
markets list and the median price in the Midwest of $170,700 was
foreclosure activity to remain high and even increase over the next
up 1.4% from September 2006,” the Internet site reported.
year in many markets,” said ECO James Saccacio of RealtyTrac.
Not so in
the Midwest, according to CNNMoney.com.
“This is great news for those of us who own homes in our area,”
President Wally Bateman adds. “It is even better news for those who
want to become homeowners, but have been frightened by the recent
national statistics regarding real estate. Our market is steady. Our
housing market is strong and mortgage rates are coming down
making owning your own home safe and affordable.”
PA D U C A H
AVERAGE HOME PRICES INCREASE
Contrary to the experience of many markets around the
country which have seen severe dips in the average price
of homes, the western Kentucky region has actually
experienced an increase.
Average Regional Home Price End of 3rd Quarter
2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $122,134
2007 . . . . . . . . . . . . . . . . . . . . . . . $125,765
AND WE ARE!
A new multi-million dollar Paducah Bank office is being built at the corner of
Pecan Drive and James Sanders Boulevard near Home Depot. The building will consist of a threestory 15,000 square-foot state-of-the-art facility with 5,000 square feet per floor. A four-story tower
will designate the signature entry element of the building and will contain a two-level atrium at the
entry vestibule and elevator lobby.
A four-lane, double stage drive-through with an additional ATM lane will also be provided.
The building construction will consist of a structural steel frame with concrete composite floor slabs
for seismic stability. Construction is now underway with an expected completion by June 2008. Bank
offices will occupy the first floor with additional
space for lease and future expansion of the bank.
“This new investment in our network of
community bank locations will aid us in
providing advanced customer service to the
businesses and residents in the ever-expanding
western portion of the city and county,” said
Joe Framptom, CEO of The Paducah Bank
and Trust Company. “This beautiful new
building will not only be an aesthetic asset to the
developing mall area, it will also be a spacious,
technologically sophisticated facility which will continue to enhance our bank’s exceptional provision
of products and services to Paducah and the surrounding communities.”
The ground-breaking ceremony this summer included a special “kid-dig” element and the arrival
of the bank’s new WOW! Wagon, a vehicle designed to dispense ice cream and other treats.
“The kid-dig idea sprung from our bank’s focus on families and our belief in the importance of
valuing and supporting the education and development of Paducah’s future citizens,” commented
Wally Bateman, President of Paducah Bank. “We had a sand pile and we handed out buckets, shovels,
and beach balls for the kids who helped us ‘break our first ground’ on our new site.”
The bank’s new WOW! Wagon is a fun way for the company to participate in area fairs, festivals
and special events. “It’s a traditional type ice-cream truck and will be staffed by our very own ‘Dr.
Cool,’” Bateman added. “We think it will be a great way for us to help out local charities and
organizations during fund-raisers or community affairs. It’s just one more way we seek to invest in
the success of every part of our community’s endeavors.”
Last year Paducah Bank opened its $1.25 million Operations Center in downtown Paducah.
“Our growth is only possible because of the many meaningful relationships we have built with our
friends and neighbors over the years,” Framptom added. “The citizens of our community have turned
to us for financial needs and we want to continue to provide them with the very best financial services
available anywhere. To us, that means an investment in our physical ability to efficiently handle the
bank’s operations and to provide customer service that consistently goes beyond expectations.”
W O W ! V O L U M E 1 2 / 2 0 0 7 • 39
40 • W O W ! V O L U M E 1 2 / 2 0 0 7
Lone Oak Banking Center
These are the voyages of the Paducah Bank enterprise. The mission: to explore strange new worlds;
to seek out new life and new civilizations; to boldly go where no bank has gone before.
OK, MAYBE IT’S MOSTLY ABOUT EXPANDING the inner and outer spaces at all of Paducah Bank’s enterprise centers. The bank IS exploring new ways of working
with its many valued customers; it IS seeking out new ways of life in banking; and it definitely DOES go boldly where no other bank has gone before!
Here’s a rundown of Paducah Bank’s most recent forays into inner and outer space as a result of a long-term strategic facilities management plan. >>
Lone Oak Banking Center
One of the first projects the bank undertook as a part of its long-term strategic plan
was to renovate an overcrowded situation at the Paducah Bank Lone Oak location.
At this site, a large community room was converted into three offices and a confer-
Reidland Banking Center
ence room to provide private space for customers, an issue that the bank believes is
of vital importance to customers. “We also added our new full-service ATM in the
entryway of this location. This new ATM is basically a bank for all hours,” said Joe
Framptom, Chairman and CEO. The new technology allows the machine to accept
a cash deposit, count it and provide a receipt. This new system is the only one of its
kind in the region.
Katterjohn Operations Center
Last year Paducah Bank invested $1.25 million in an expansion project that included
the acquisition and renovation of two properties on Jefferson Street in Paducah. Due
to the bank’s continued growth, the space was needed to relocate and enlarge the
deposit and loan operations departments, phone center, data processing and IT
department. This expansion freed up much-needed space in the Main Office for the
expansion of other customer service areas, and the move into the new building gave
the operations departments a new home for more efficient financial accounting and
processing functions. The ability to house these non-customer services inside a locked
and key-padded facility, accessible only to the bank staff, is a further measure of
information security.
Reidland Banking Center
This spring the bank undertook a renovation at the
Reidland location as well. To alleviate overcrowding
at this site, the bank doubled the size of the operations space and provided four private offices and a
conference room. “We also moved the drive-in lanes
from the side of the building around to the rear,”
Framptom explained. “We were having some traffic
congestion, sometimes even into the street, so the
relocation of that service to the rear of the building has alleviated that issue.”
One of the most unique new aspects in the Reidland office is the creation of
“personal banking dialogue stations.” (Very space age, we think!) These new freestanding “tellers” offer the customer and the customer service representative the
ability to work face-to-face and one-on-one with the use of the computer accessible
as well. “We think this is a new way of banking, which allows the customer more
privacy, more personal contact with the banking associate and, hopefully, a more
productive transactional experience,” Framptom explained.
Also included in the Reidland lobby reincarnation was the installation of TV screens so that waiting customers can have access to national
news, financial updates, stock reports and information about evolving Paducah Bank products.
Main Office
At present, the bank is involved with renovation of the second floor of the Main Office on Jefferson Street. This 15,000 square-foot area will be
totally remodeled and is due to be complete in the first quarter of 2008. This new area will accommodate the areas of Private Banking, Trust,
and Paducah Financial Consultants. “These are areas which often meet with and serve the same types of customers,” Framptom explained,
42 • W O W ! V O L U M E 1 2 / 2 0 0 7
“so this new arrangement will be focused on customer convenience. Clients can come to the second floor and meet with any or all of these
financial professionals with regard to a multitude of multi-faceted services.” The bank is also installing a pneumatic tube system so that
documents can be easily transmitted from these offices to the transaction areas on the first floor.
In addition to the multi-million dollar investment in these brick-and-mortar facilities, the bank has also invested some time and effort in
creating a bit more “green space” in the downtown community by creating a micro-park area adjacent to the Katterjohn Operations Center,
formerly a concrete parking lot. This small piece of green in an otherwise brownish-gray borough is open for the enjoyment of Paducah’s
citizenry and visitors!
W O W ! V O L U M E 1 2 / 2 0 0 7 • 43
JIU
S
T
M AG E ine
Paducah Bank Introduces a New World of ATM Technology
THE NEW ATM AT PADUCAH BANK’S Lone Oak Banking Center not only dispenses cash (like
every other ATM), it also gives you a deposit receipt for your cash deposits and an image of
the checks you deposit! It’s the only one of its kind in the Paducah area, and it’s one more way
Paducah Bank seeks to provide its customers with service beyond expectation.
Stop by our Lone Oak Banking Center and experience the newest technological
advances in automated teller services.
CHECK IMAGING IS IMPORTANT
With approximately 42 billion checks written in the United
States each year, financial institutions like Paducah Bank
are embracing check imaging as a way to reduce cost to
customers and to aid in the prevention of fraud risks
associated with physically processing original checks.
All of this works to YOUR advantage!
Check IMAGING Statistics
• A check is typically handled an average of 19 times
• Estimates of cost savings attributed to check imaging
range from $1-$2 billion
How the IMAGE ATM Works
• Accepts individual checks without an envelope
• Captures an image of both sides of the check
• Reads check amount without customer input
• Displays image of check on ATM screen for customer
verification
• Deposits check in a secure area separate from
ATM currency
How the IMAGE ATM Helps You
• Greater confidence in transactions
• Faster, more convenient check deposits
• 24/7 deposit flexibility
• Potentially faster availability of funds
• Detailed receipt with printed copy of check image
How IMAGE ATM Cash Depositing Works
• A stack of mixed denomination currency is accepted
without an envelope
• Quickly validates and counts deposited currency
• Deposit details are displayed on screen for customer
verification
• Customer has option to deposit additional currency
up to the per-transaction capacity
• Currency is deposited into a secure container
• Itemized deposit details may be printed on customer
receipt
(Deposits may not be available for immediate withdrawal)
W O W ! V O L U M E 1 2 / 2 0 0 7 • 45
AF
R
A
I
D
to bank electronically?
BANK CUSTOMERS WHO ARE AFRAID or confused about banking electronically—using a debit card, the Internet, an
ATM, telephone or similar device—could be missing out on some convenient, time-saving ways to handle their finances.
Here’s information that can help you overcome your technophobia.
Federal laws and rules may limit your liability for unauthorized transactions and set procedures for correcting errors.
The Electronic Fund Transfer Act (EFTA) and the Federal Reserve Board’s “Regulation E” offer consumer protections, especially
if you report a problem to your financial institution within specified time periods.
You can protect yourself. Financial institutions spend millions of dollars and follow extensive security programs to make electronic
banking transactions go safely and smoothly. But you have a role to play in protecting yourself, too. “Begin a dialogue with your bank
about its electronic banking services and its safety features,” suggested Michael Jackson, an Associate Director of the FDIC’s Division
of Supervision and Consumer Protection. “But you need to think about your own safety procedures, too.”
As you’ve heard many times, protect your personal information—including bank account numbers, passwords and Social Security
numbers—from scam artists who hide at the other end of the computer screen or phone line. Don’t give personal information in response
to an unsolicited phone call or e-mail. And before providing credit card or other information on a Web site, confirm that the site is
legitimate, not a copycat designed by a crook, by verifying the Web site’s address in literature from the company or another reliable source.
Take security measures with your home computer. For example, experts advise installing and periodically updating virus protection
and a “firewall” to stop hackers from accessing your home computer. Also keep good records so you can spot and reconcile errors.
Review your bank statement as soon as it arrives and promptly report any suspicious or unauthorized transactions. Your quick
attention to the problem may help limit your liability and make the puzzle easier to solve.
For more tips about computer security and personal information, visit the Federal Trade Commission’s Web site at
www.ftc.gov/infosecurity.
W O W ! V O L U M E 1 2 / 2 0 0 7 • 47
banking locations
banking hours
www.paducahbank.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24 Hours
WowLine! (24 Hours) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .575.6677
MEMBER FDIC
LO B B Y
Monday-Thursday . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8:45 a.m. - 4 p.m.
Friday . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8:45 a.m. - 6 p.m.
Saturday (Lone Oak) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 a.m. - 1 p.m.
D R I V E - T H RU
Monday-Thursday . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7:45 a.m. - 5:30 p.m.
Friday . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7:45 a.m. - 6 p.m.
Saturday (Lone Oak) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 a.m. - 1 p.m.
Saturday (West Park) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 a.m. - 12 p.m.
banking center locations
MAIN OFFICE • 555 Jefferson Street . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .575.5700
MID-CIT Y • 2401 Broadway . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .575.5763
REIDL AND • 5542 Reidland Road . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .575.5761
LONE OAK • 2635 Lone Oak Road . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .575.5711
WEST PARK • 2777 West Park Drive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .575.5725
atm locations
MAIN OFFICE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .555 Jefferson Street
MID-CIT Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2401 Broadway
REIDL AND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5542 Reidland Road
LONE OAK (Super Valu parking lot) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2855 Lone Oak Road
WEST PARK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2781 West Park Drive
S OUT H S I D E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3330 Irvin Cobb Drive
JACKSON STREET (Super Valu parking lot) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2965 Jackson Street
48 • W O W ! V O L U M E 1 2 / 2 0 0 7
PA D U C A H
B A N K I S C O M M I T T E D TO
M E E T I N G YO U R M O RTG AG E N E E D S
Hello, I’m Joe Framptom,
CEO of McCracken County’s only locally
owned Bank. There’s been a lot of news lately about
brokers and internet lenders who are getting out
of the mortgage loan business. We, at Paducah
Bank, want to pledge our ongoing and unwavering
commitment to serving the mortgage needs of
the people in our community. Whether it’s fixing an
adjustable rate mortgage or financing the purchase of
the home of your dreams, we are here for you. We
were here for you yesterday, we are here for you today,
and we will be here for you tomorrow! Call us
today at 575-5700 or visit us online at
www.paducahbank.com. Thank
you for making Paducah Bank the
number one mortgage lender
in our community.
575.5700 • www.paducahbank.com
MEMBER FDIC
A N OT H E R
B R I G H T I D E A F RO M T H E
P E O P L E AT
PA DUC A H B A N K !
Paducah Bank Strawberry Hill Banking Center Arriving SUMMER 2008
“
Our growth is only possible because of the many meaningful relationships we have built with our friends and neighbors
over the years. The citizens of our community have turned to us for their financial needs, and we will continue to provide them
with the very best financial services available anywhere. To us, that means an investment in our
physical ability to provide customer service that consistently goes beyond expectations.
”
—J O E F R A M P TO M ,
CHAIRMAN
575.5700 • www.paducahbank.com
AND
CEO
MEMBER FDIC
PRSRT STD
U.S. POSTAGE
PAID
PADUCAH, KY
PERMIT #44