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Jul 18, 2008

Community Trust Bank of Texas opens

Dallas --Drake Mills, President and CEO of CTB Financial Corporation, is pleased to announce the opening of Community Trust Bank of Texas, located in Preston Center.

Veteran Dallas banker, Bob Wightman, serves as President and CEO. As such, he will facilitate the delivery of the company’s product and service capabilities throughout the area and lead the company’s expansion in the Texas market. Wightman began his career as a Texas banker in the early 70’s with Republic National Bank of Dallas.

“Bob is an experienced banker who embraces our existing relationship-driven service culture and our commitment to becoming a partner that this community can depend on," Mills stated.

Community Trust Bank of Texas is backed by its parent company, CTB
Financial Corporation – a holding company with more than $900 million in total assets and over $90 million in capital. As part of a larger infrastructure, the Texas bank can immediately offer an extensive array of financial products and services.

“We look forward to the opportunity to serve the financial needs of our new customers. Plus, we will provide them with the additional benefits offered by a larger organization, including competitive products and services, larger lending limits and services such as accounts with no foreign ATM fees,” said Wightman.

CTB Financial Corporation is also the parent company for the 96-year-old bank, Community Trust Bank, which operates 16 banking centers and 42 ATMs in Northern Louisiana. The Texas bank is located at 8222 Douglas Avenue, in the One Preston Center building, and expects to add to its branch banking network within the next 12 months, expanding into other areas in the DFW Metroplex.

“We believe that with our creative thinking, unyielding commitment to designing financial products that meet the needs of our customers and our personalized customer service, we will continue to expand within our existing markets and beyond. We see tremendous opportunities ahead,” Mills said.