<SEC-DOCUMENT>0001000232-15-000007.txt : 20150727
<SEC-HEADER>0001000232-15-000007.hdr.sgml : 20150727
<ACCEPTANCE-DATETIME>20150727082325
ACCESSION NUMBER: 0001000232-15-000007
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20150727
ITEM INFORMATION: Other Events
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20150727
DATE AS OF CHANGE: 20150727
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: KENTUCKY BANCSHARES INC /KY/
CENTRAL INDEX KEY: 0001000232
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 610993464
STATE OF INCORPORATION: KY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-52598
FILM NUMBER: 151005939
BUSINESS ADDRESS:
STREET 1: 4TH & MAIN ST
STREET 2: P O BOX 157
CITY: PARIS
STATE: KY
ZIP: 40362-0157
BUSINESS PHONE: 859-987-1795
MAIL ADDRESS:
STREET 1: 4TH & MAIN ST
STREET 2: PO BOX 157
CITY: PARIS
STATE: KY
ZIP: 40362-0157
FORMER COMPANY:
FORMER CONFORMED NAME: BOURBON BANCSHARES INC /KY/
DATE OF NAME CHANGE: 19950907
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k72715.txt
<DESCRIPTION>FORM 8-K
<TEXT>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 27, 2015
KENTUCKY BANCSHARES, INC.
(Exact Name of Registrant as specified in Charter)
Kentucky 33-96358 61-0993464
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
P.O. Box 157, Paris, Kentucky 40362-0157
(Address of principal executive offices) (Zip code)
(859)987-1795
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
__ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
__ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
__ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
__ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT
Item 8.01. Other Events
On July 27, 2015 the Registrant announced the completion of the
acquisition of Madison Financial Corporation of Richmond, KY, into
Kentucky Bancshares, Inc. Attached as Exhibit 99.1 is a Press
Release, which the Company released on July 27, 2015 announcing the
acquisition.
Item 9.01. Financial Statements and Exhibits
Exhibit 99.1 - Press release dated July 27, 2015, announcing the
acquisition of Madison Financial Corporation.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
KENTUCKY BANCSHARES, INC.
Date: July 27, 2015 By /s/ Gregory J. Dawson___
Gregory J. Dawson
Chief Financial Officer
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>form8k72715forpressrelease.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
Exhibit 99.1
July 27, 2015
Press Release
Kentucky Bancshares, Inc. Completes Acquisition
PARIS, KENTUCKY (July 27, 2015) - Kentucky Bancshares, Inc. (KTYB),
Paris, Kentucky, the holding company of Kentucky Bank, announced today
completion of the acquisition of Madison Financial Corporation of
Richmond, KY, into Kentucky Bancshares, Inc. Following the acquisition,
Madison Bank, formerly a wholly-owned subsidiary bank of Madison
Financial Corporation, was merged into Kentucky Bank. The three former
locations of Madison Bank will be operated as financial centers of
Kentucky Bank.
The acquisition was first announced on January 21, 2015. Madison
Financial Corporation shareholders approved the acquisition on July 15,
2015 following the receipt of all required regulatory approvals.
With this transaction, Kentucky Bank now has three additional offices in
Richmond: 1001 Gibson Bay Drive, Suite 101; 660 University Shopping
Center; and 724 West Main Street (Tates Creek). John Hamilton is Market
President for Kentucky Bank's Madison County region. Hamilton is a
lifelong resident of Richmond, and has forty years of banking experience
(mostly in Madison County), primarily in Commercial Banking and
Administration.
Richmond is a wonderful community, says Louis Prichard, President and
CEO of Kentucky Bancshares, Inc. The reception we have received from
Madison Bank customers has been gratifying. We plan to continue the
forward thinking customer service that has been Kentucky Bank's
hallmark. Our thanks go to the employees of both banks who have worked
so hard to ensure a smooth transition. We are looking forward to
continuing the banking relationships with Madison Bank customers.
Kentucky Bancshares, Inc. is a financial services holding company and
is the parent of Kentucky Bank, a Kentucky state chartered commercial
bank and trust company, with a history of more than 160 years.
Kentucky Bank is headquartered in Paris, and has additional offices in
Richmond, Winchester, Georgetown, Versailles, Nicholasville, Wilmore,
Cynthiana, Morehead and Sandy Hook. With the completion of the
acquisition, the total assets of Kentucky Bancshares, Inc. will be
approximately $975 million.
Contacts:
Louis Prichard
Kentucky Bancshares, Inc.
4th & Main Streets
P. O. Box 157
Paris, Kentucky 40362-0157
(859) 987-1795
Louis.Prichard@kybank.com
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>