February 21, 2025
On Wednesday, February 19, Forcht Group of Kentucky Chairman and CEO Terry Forcht was honored by the state Senate and House on Forcht Bank’s 40th anniversary year, a notable milestone marking decades of exceptional service to our clients and to communities across the Commonwealth. Mr. Forcht is also the owner of Forcht Broadcasting that includes WTCW and WXKQ Radio in Whitesburg along with other radio stations throughout Kentucky, Indiana and Illinois.
Senate Resolution 31, sponsored by Senate President Robert Stivers and Senator Brandon Storm, and House Citation of Celebration, introduced by Representative Nick Wilson, formally recognize, honor, and celebrate Forcht Bank and the vision and perseverance of Mr. Forcht.
A native of Louisville, Mr. Forcht was practicing law in 1972 when he was appointed to serve on the Board of Directors of Corbin Deposit Bank & Trust. His longtime interest in banking grew and, in 1985, he and a group of fellow investors opened Tri-County National Bank in Corbin. In 1987, he acquired Deposit Bank & Trust in Greensburg, followed by Williamsburg National Bank and Campbellsville National Bank a few years later. Mr. Forcht would go on to found or acquire additional banks in Kentucky and in Cincinnati, Ohio, and on December 31, 2007, the banks merged to form Forcht Bank.
“[Mr. Forcht] believes in helping his state, and he has shown quite the entrepreneurial American way of starting of somewhat of humble beginnings in Louisville, going through school, then moving to the rural areas of the state, prospering, and creating jobs,” Stivers said.
“Forcht Bank, created and developed by the vision and perseverance of Mr. Forcht, has earned a stellar reputation for the quality of its service, and has contributed immeasurably to the economic vitality and the overall quality of life enjoyed by its members and the communities in which it serves,” said Wilson.
Today, Forcht Bank has 23 banking center and 3 loan production offices with over 250 employees and $1.5 billion in total assets, making it one of the largest privately held banking groups based in Kentucky.