Exhibit 99.1
                        Press Release Dated July 2, 2004


                                  July 2, 2004
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            First Citizens Bank, a Subsidiary of Farmers Capital Bank
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                      Corporation, to Acquire FINET, INC.
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First Citizens Bank, Elizabethtown,  Kentucky (First Citizens) has announced the
signing of a  definitive  agreement  to acquire  Financial  National  Electronic
Transfer, Inc., Radcliff, Kentucky (FINET, INC.) in a cash transaction.

First Citizens is a wholly-owned subsidiary of Farmers Capital Bank Corporation,
(Farmers) a financial holding company headquartered in Frankfort,  Kentucky that
operates 23 banking locations in 13 communities  throughout  Kentucky, a leasing
company,  a data  processing  company,  and an  insurance  agency  and had total
deposits of  $1,028,000,000 as of March 31, 2004. Its stock is publically traded
on the National  Association of Securities  Dealers  Automated  Quotation System
(NASDAQ) Small Cap Market tier, under the symbol FFKT.

First  Citizens is a state  chartered  financial  institution  headquartered  in
Shepherdsville,  Kentucky with 5 offices located in Elizabethtown,  Radcliff and
Shepherdsville,  Kentucky and had total deposits of $133,000,000 as of March 31,
2004.

FINET, INC. is a data processing  company which specializes in the processing of
federal  benefit  payments  and  military  allotments  and is  headquartered  in
Radcliff, Kentucky.

Certain Statements contained in this news release,  including without limitation
statements including the word "believes," "anticipates," "intends," "expects" or
words of similar  import,  constitute  "forward-looking  statements"  within the
meaning of section 21E of the  Securities  Exchange Act of 1934, as amended (the
"Exchange  Act").  Such  forward-looking  statements  involve  known and unknown
risks,uncertainties  and  other  factors  that may  cause  the  actual  results,
performance or achievements  of the parties to be materially  different from any
future results,  performance or achievements of the parties expressed or implied
by such forward-looking  statements. Such factors include, among others, general
economic and business  conditions,  changes in business  strategy or development
plans  and  other  factors  referenced  in  this  press  release.   Given  these
uncertainties,  prospective  investors are cautioned not to place undue reliance
on such  forward-looking  statements.  The parties  disclaim any  obligation  to
update any such factors or to publicly  announce the results of any revisions to
any of the forward-looking  statements contained herein to reflect future events
or developments.