Heritage Bank to Celebrate 25 Years With Week-Long Celebration
Heritage Bank invites customers to join in celebrating 25 years of local banking with local bankers.
Heritage is hosting a week-long event which began on Monday August 31 and runs through September 4 at each of its branches during regular lobby hours for customers and employees. Heritage invites customers to stop by and choose a card from the “Heritage Tree” to be redeemed at the teller window for a free gift. Most branches will offer refreshments through the week with the biggest celebration happening on the Bank’s anniversary day this Friday September 4.
Arnold Caddell and a group of local business owners received a state charter on July 11, 1990 to operate a new bank in Boone County. Heritage Bank officially opened for business on September 4, 1990, in a mobile unit at KY 18 and Taylor Drive. The bank's stock value at opening was $4 million, and each share of stock was valued at $10.40 per share. The bank initially employed six people.
At the grand opening in 1990, Arnold Caddell was quoted as saying, "I want to meet as many people as I can that come to bank with us." That focus on knowing your customer and providing great service is still true at Heritage Bank today.
Today, Heritage Bank has 17 offices in five counties, and employs 148 people. Currently, the bank's assets are $550 million, and deposits are over $465 million. The bank's Board of Directors is comprised of most of the same investors from 1990, who believed then, as they do today, that customers want to do business with a community bank where decisions are made by local people who live in the areas they serve.
Staff report/Top Photo: Heritage Bank in 1976 (provided)