American Founders Bank sold

LOUISVILLE, Ky. — American Founders Bank is now American Founders Capital Inc.

Concurrent with the sale of its banking assets to the Evansville Teachers Federal Credit Union, American Founders Capital will continue as a Louisville-based credit and investing entity under the direction of its Chairman William P. Butler. (Read the One-on-One interview with Bill Butler in the October edition of The Lane Report.)

Butler is also chairman & CEO of Corporex Companies of Covington, Ky. and has a long history with the Louisville market.

American Founders Capital will be seeking to invest in operating enterprises in various ways.

“We look forward to continuing and growing our relationships in Louisville,” said Butler.

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