8-K

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): February 27, 2014



                       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 February 27, 2014 the Registrant announced the quarterly cash
dividend to shareholders.  The dividend will be 25 cents per share, an
increase from 24 cents per share for the previous quarter.  This
payment will be made March 31, 2014, to shareholders of record March
20, 2014.


  Item 9.01.  Financial Statements and Exhibits

       Exhibit 99.1 - Press release dated February 27, 2014, announcing
the dividend for the first quarter of 2014.


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: February 27, 2014              By      /s/ Gregory J. Dawson___
                                                    Gregory J. Dawson
                                                    Chief Financial Officer

EX-99

Exhibit 99.1

February 27, 2014

Press Release

Kentucky Bank Parent Announces Dividend

Paris, Kentucky - Kentucky Bancshares, Inc., parent holding company for
Kentucky Bank, announced today the quarterly dividend to shareholders.
The payout will be 25 cents per share, up from 24 cents for the
previous quarter.  This payment will be made March 31 to shareholders
of record March 20, 2014.

Our Board of Directors is pleased to reward our shareholders for their
confidence with a 4% increase from the dividend declared in the first
quarter of last year, said Louis Prichard, President and Chief
Executive Officer.

Kentucky Bank is headquartered in Paris and also has offices in
Cynthiana, Georgetown, Lexington, Morehead, Nicholasville, Richmond,
Sandy Hook, Versailles, Wilmore, and Winchester.  It ranks 14th in size
among the 172 banks headquartered in the Commonwealth of Kentucky.
Shares of the parent holding company trade over the counter and are
reported on the OTC Bulletin Board.  The symbol is KTYB.

Contact:  Gregory J. Dawson
          Chief Financial Officer