Independent Banker - September 2023 - 44
Honorable Mention
National Community Bank Service Awards
SPONSORED BY
that we are providing to the same
group at a lower interest rate to
rebuild downtown.
Q: What was the experience
like working together as two
separate community banks?
Sam Mahan: We worked together in
the past on diff erent projects, and it's
pretty much like working with people
in your own bank when it comes to
[the] DREAM Program. It's been a
really smooth process and a benefi t to
the community.
First Kentucky Bank and
FNB Bank Inc. worked
together to support
Mayfield, Ky., after a
tornado hit in 2021.
Q: How has the program helped
the community of Mayfield?
Mahan: Together, we've participated
on a little less than $3 million worth
of loans, and we've given out around
$300,000 in incentives combined
through grants for people to rebuild.
We've got more [money] left in the
bucket. The money's still there for the
businesses. I believe it's spurred a big
level of people coming into Mayfi eld
as well.
Community bankers join forces
W
hen an EF4 tornado devasted their hometown of Mayfi eld, Ky., in late
2021, First Kentucky Bank and FNB Bank Inc. sprang into action to help.
Stacy Overby, senior loan offi cer at First Kentucky Bank, and Sam Mahan, senior
lender at FNB Bank Inc., tell us how their banks' collaborative program DREAM
Together has helped rebuild the community.
Q: What is the DREAM Together
program and why was it created?
Stacy Overby: We had the F4
tornado come through our town and
it basically wiped out downtown on
Dec. 10, 2021. After the tornado
came through, the presidents of
[First Kentucky Bank and FNB
Bank Inc.] got together and tried to
formulate a plan on what we can do
together to help spur on the rebuild
of Mayfi eld-downtown specifi cally.
DREAM stands for Downtown
Revitalization and Economic
Advancement for Mayfi eld. The thrust
of the program is two-pronged. It's
an incentive program in which the
banks have set aside $1 million to
give to businesses [that] want to
relocate [and] rebuild in downtown
Mayfi eld. The second prong of that
is a $10 million program of loans
44 // ICBA Independent Banker // September 2023
Q: What are the plans for
the future of the DREAM
Together Program?
Mahan: The fi rst people that had the
right to [the money] were the ones
that were like we were at FNB, where
we didn't have a home anymore.
We've expanded that out to people
that want to come into Mayfi eld. As
things rebuild, I think there's going to
be more people wanting to come.
-Ben Kopnick
First Kentucky Bank
Asset size: $554 million
Location: Mayfield, Ky.
firstkentucky.com
FNB Bank Inc.
Asset size: $670 million
Location: Mayfield, Ky.
growwithfnb.com
http://www.firstkentucky.com
http://www.growwithfnb.com
Independent Banker - September 2023
Table of Contents for the Digital Edition of Independent Banker - September 2023
Contents
Independent Banker - September 2023 - Cover1
Independent Banker - September 2023 - Cover2
Independent Banker - September 2023 - Contents
Independent Banker - September 2023 - 2
Independent Banker - September 2023 - 3
Independent Banker - September 2023 - 4
Independent Banker - September 2023 - 5
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Independent Banker - September 2023 - Cover3
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