February 11, 2016

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Business briefs

Published 10:52 am Monday, January 28, 2013

LOCAL MCDONALD’S OWNER APPLAUDED FOR ALL ‘A’ SUPPORT

Joe Graviss and Graviss McDonalds Restaurants were recognized for their support and generosity Wednesday at the opening night of the Touchstone Energy All A Classic at the Frankfort Convention Center. Pictured are Ronald McDonald, Graviss and Gary Muncie, treasurer of the Touchstone Energy All A Classic.

FIRST FEDERAL TO PAY DIVIDEND TO STOCKHOLDERS

Kentucky First Federal Bancorp, the holding company for First Federal Savings Bank of Frankfort, announced the companys Board of Directors declared a cash dividend of 10 cents per share, payable Feb. 19 to stockholders.

Chairman Tony Whitaker said in a press release the Board of Directors determined the payment was appropriate in light of the companys financial condition.

The company named W. Banks Hudson and William H. Johnson to its Board of Directors.

CHAMBER ‘LUNCH MOB’ AT BUDDY’S

The next Frankfort Area Chamber of Commerce and Frankfort Chamber Ambassadors Lunch Mob is set for 11:30 a.m. to 1:30 p.m. Feb. 5 at Buddys Pizza in downtown Frankfort.

Carmen Inman, executive director of the Frankfort Area Chamber of Commerce, said the goal is to encourage employers and employees to network over lunch at a Chamber member restaurant.

All employers and employees are welcome to attend the Frankfort Chamber Lunch Mob. Restaurants may contact the Chamber office and get on the Lunch Mob schedule.

To learn more, contact Suzy Hosley at502-223-8261.

FARMERS BANK CORP. SEES GROWTH IN 2012

Farmers Capital Bank Corp. reported net income of $2.6 million, or 28 cents per share, for the quarter ending Dec. 31.

This represents a decrease of $489,000, or 7 cents per share, compared to the previous quarter. It is an improvement of $1.4 million, or 18 cents per share, compared to the fourth quarter a year ago. Net income in 2012 was $12.1 million or $1.37 per share, an increase of $9.4 million, or $1.26 per share, compared to 2011.

We continue to make strides improving the companys overall financial condition and profitability, Lloyd C. Hillard, Jr., president and chief executive officer, said in a press release.

Farmers Capital Bank Corp. recently received notification from state and federal regulators that a memorandum of understanding entered in November 2009 after it received $30 million in federal stabilization funds has ended.

Termination of the memorandum of understanding at Farmers Bank further illustrates progress toward our goal of improving the financial condition of the company, Hillard said. We are pleased to receive this notification, but are not satisfied. Our focus remains on continual improvement and the eventual removal of the remaining regulatory agreements at other entities within our Company.

FRANKFORT NATIVE TAPPED FOR DEVELOPMENT POSITION

The Ocala/Marion County Chamber and Economic Partnership has selected Brett Barnes as director of business attraction.

Barnes, the son of Ralph and Marianna Barnes of Frankfort, has more than 17 years of experience in economic development, primarily in business development, recruitment and project management with the Kentucky Cabinet for Economic Development.

Barnes has a masters in business administration from Morehead State University.