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Apr 26, 2011

Community Trust Financial Corporation to acquire Cimarron Mortgage Company

FOR IMMEDIATE RELEASE:
COMMUNITY TRUST FINANCIAL CORPORATION TO ACQUIRE CIMARRON MORTGAGE COMPANY
Jackson, Mississippi – April 25, 2011
Community Trust Financial Corporation, a Louisiana financial holding company and parent company of Community Trust Bank, Choudrant, Louisiana, has entered into a definitive agreement to acquire ownership of Cimarron Mortgage Company of Jackson, Mississippi (“Cimarron”). The acquisition (“Transaction”) is expected to be completed on or before May 31, 2011. Upon completion, Cimarron will operate as a separate wholly-owned subsidiary of Community Trust Bank and will retain its existing name and management. Paul Salvo, President of Cimarron, commented regarding the combination with Community Trust, “For the past 20 years, Cimarron has provided residential mortgage programs to financial institutions and individuals, primarily in the Southeast and Midwest. We believe this merger provides the opportunity for Cimarron to expand our programs, while at the same time benefiting the institutions and individuals that we currently serve.”

Cimarron provides residential mortgage lending services to consumers through an established network of independent banks and mortgage lenders. In addition, Cimarron provides mortgage loan servicing for its acquired loans and for other mortgage lenders on a contractual basis. Drake Mills, CEO of Community Trust Financial Corporation, noted, “We are very excited to expand our residential mortgage loan programs through the addition of Cimarron with its reputation for quality and service. Through our new partnership, Community Trust Bank will be able to provide both operational and financial assistance to Cimarron, the result of which will be competitively priced mortgages for Community Trust Bank’s customers as well as customers of the Cimarron network.“

The Transaction requires prior approval of certain regulatory authorities and mortgage investors. In exchange for their equity interest, current shareholders of Cimarron will receive a combination of cash and common stock of Community Trust Financial Corporation. There will be no reduction in staffing at either Cimarron or Community Trust Bank as a result of the Transaction.

Questions regarding the Transaction may be directed to Paul Salvo of Cimarron Mortgage Company at (601) 899-1510 or via email at psalvo@ecimarron.com or Steve Upchurch of Community Trust Bank at (601) 707-0013 or via email at supchurch@ctbonline.com.

About Community Trust Financial Corporation:
Headquartered in Ruston, Louisiana, Community Trust Financial Corporation (the “Corporation”) is a financial holding company with assets of $2.0 billion. It has two wholly-owned subsidiaries, Community Trust Bank (the “Bank”) and Community Trust Services Corporation. Community Trust Bank is a Louisiana chartered bank headquartered in Choudrant, Louisiana which provides a wide range of traditional banking services through 28 banking centers in north Louisiana, north Texas and north and central Mississippi. Community Trust Services Corporation provides support services to the Corporation and the Bank along with specialized services for third parties. Community Trust Financial Corporation’s common stock is not listed on any exchange and is traded through individually negotiated transactions. Additional information may be found at Community Trust’s website at ctbonline.com.

Safe Harbor:
This news release contains forward-looking statements, as defined by Federal Securities Laws, including statements about financial outlook and business environment. Forward looking statements generally include words such as "expects," "projects," "anticipates," "believes," "intends," "estimates," "strategy," "plan," "potential," "possible" and other similar expressions. These statements are provided to assist in the understanding of future financial performance and such performance involves risks and uncertainties that may cause actual results to differ materially from those anticipated in such statements. Any such statements are based on current expectations and involve a number of risks and uncertainties. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements.