8-K

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)

December 15, 2008

Community Trust Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Kentucky	61-0979818
(State or other jurisdiction of	(IRS Employer Identification Number)
Incorporation or organization)
346 North Mayo Trail
Pikeville, Kentucky	41501
(Address of principal executive offices)	(Zip code)

 (606) 432-1414

(Registrant's telephone number, including area code)

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 425 under the Securities 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))

Item 8.01 – Other Events

Community Trust Bancorp, Inc. announced in a press release dated December 15, 2008 that it has received preliminary approval from the U. S. Department of Treasury to receive additional capital by participating in the Treasury’s Capital Purchase Program.  A copy of this press release is being furnished to the Securities and Exchange Commission pursuant to Item 8.01 of Form 8-K and is attached hereto as Exhibit 99.1.  The information in this Form 8-K and in Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference.

Item 9.01 – Financial Statements and Exhibits

(d)           Exhibits

The following exhibit is filed with this report:

99.1       Press Release dated December 15, 2008

Signatures

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.

	Community Trust Bancorp, Inc.
Date:  December 15, 2008	By:	/s/ Jean R. Hale
		Jean R. Hale
		Chairman, President and Chief Executive Officer

Exhibit Index

Exhibit No.	Description
99.1	Press Release dated December 15, 2008

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

December 15, 2008

FOR ADDITIONAL INFORMATION PLEASE CONTACT JEAN R. HALE, CHAIRMAN, PRESIDENT & CEO, COMMUNITY TRUST BANCORP, INC., AT (606) 437-3294.

Community Trust Bancorp, Inc. Receives Preliminary Approval to Participate in U. S. Treasury Capital Purchase Program

Community Trust Bancorp, Inc. (NASDAQ-CTBI) announced today that it has received preliminary approval from the U. S. Department of Treasury to receive additional capital by participating in the Treasury’s Capital Purchase Program.  The Treasury’s Capital Purchase Program is a voluntary program designed to help healthy institutions build capital to support the U. S. economy.  As a participant in the program, Community Trust could issue up to $68 million in senior preferred shares and warrants to purchase Community Trust common stock in an amount equal to 15% of the senior preferred to the U. S. Treasury.  Receipt of the funding is subject to Community Trust’s determination to proceed, acceptance of the terms of the securities purchase agreement and related documents and satisfaction of certain closing conditions.

Community Trust maintains a significantly higher level of capital than required by regulatory authorities to be designated as well-capitalized.  On September 30, 2008, Community Trust’s Tier 1 Leverage Ratio of 10.45% was 545 basis points higher than the 5.00% required, Tier 1 Risk-Based Capital Ratio of 13.11% was 711 basis points higher than the required 6.00%, and  Total Risk-Based Capital Ratio of 14.36% was 436 basis points higher than the 10.00% regulatory requirement for this designation.

Community Trust Bancorp, Inc. (NASDAQ-CTBI) has 71 banking locations across eastern, central, south central, and northeast Kentucky, 6 banking locations in southern West Virginia, and 5 trust offices across Kentucky.