Home » Northern Kentucky bank customers benefit from deep knowledge, enthusiastic outlook

Northern Kentucky bank customers benefit from deep knowledge, enthusiastic outlook

By Abby Laub

While customers can still expect hometown service, clients and banking centers in Northern Kentucky also benefit from a next-door location to one of the nation’s largest metropolises.
While customers can still expect hometown service, clients and banking centers in Northern Kentucky also benefit from a next-door location to one of the nation’s largest metropolises.

Growth is on the mind of financial centers in Northern Kentucky.

MRNK-tag-art“We are experiencing considerable growth in a variety of business sectors that are locating and expanding in Northern Kentucky,” said Central Bank’s Northern Kentucky Market President James R. Uebel. “That’s also creating strong residential growth as people choose to live close to where they work. This employment diversity is a tremendous strength that is happening throughout our market.”

Central Bank is “excited and optimistic,” he said, about the market’s fast-paced upswing and has “opted to take a proactive approach to our evolving market.” So much so that it will be expanding its own operations with the addition soon of a fourth banking center in Union.

“We have also expanded our lending, retail and wealth management staff to ensure we keep pace with the growth in our communities,” he added. “We currently have three banking centers, stationed in Florence, Crestview Hills and Fort Mitchell.”

The Northern Kentucky financial market benefits from its location over the river from the nation’s 28th largest metropolitan area, with a population of more than 2 million and home to a list of Fortune 500 companies. The six Northern Kentucky counties – Boone, Campbell, Gateway, Gallatin, Grant, Kenton and Pendleton – have bank deposits of nearly $7 billion, accounting for nearly 10 percent of the state’s total.

Those numbers are likely to rise in the coming years.

“The Northern Kentucky banking market should continue to benefit from the steady growth of the overall greater Cincinnati region and the improving performance of the U.S. economy,” said Republic Bank’s Managing Director of the Northern Kentucky Market Jason Payne. “At Republic, we expect to see strong growth in equipment financing opportunities as local manufacturing firms look to expand their operations to meet increasing consumer demand, as well as take advantage of the favorable depreciation that the tax reform will bring. In addition, our recent investment in treasury management sales officers will allow us to grow deposits at a faster rate going forward.”

The local housing market continues to experience consistent year over year growth, Payne said, and should bode well for the bank’s residential mortgage line of business in 2018. This will add to the bank’s already impressive bottom line.

“Republic Bank-Northern Kentucky/Cincinnati has grown in asset size from $30 million to $280 million by expanding relationships organically in the Northern Kentucky area,” Payne said. “Overall, Republic Bank has about $5 billion in assets, which makes us a large community bank with considerable flexibility. After expanding into Cincinnati in August 2016, we expect similar double-digit growth with our high-touch community bank philosophy.”

Republic plans a new regional banking office in Crestview Hills in March 2018 and hopes to announce one additional location near Westchester later in 2018.

Community banks are huge players for the area.

One main example is Heritage Bank. Based in Burlington, Heritage has been locally owned and operated since 1990. Heritage Bank President & CEO Lytle Thomas sees a bright banking future for his small but influential bank.

“I am very optimistic about economic opportunities in our region,” Thomas said. “Heritage Bank has grown tremendously, and we have added many talented employees to accommodate that growth. The number one concern I hear from our customers is the lack of skilled labor to fill local workforce needs. I believe this shortage will be our biggest challenge in the coming year. With the support of our Northern Kentucky Chamber, and our area schools and educators, we will work together to address workforce readiness in our community.”

Also in Northern Kentucky are a variety of local and large financial centers like Huntington Bank, Forcht Bank, BB&T, Fifth Third Bank, and United Bank.

Republic Bank

535 Madison Ave.

Covington, KY 41011

(859) 462-9082


Republic Bank has grown to become the largest locally-owned community bank in Kentucky, offering a full array of banking and financial services for individuals as well as small and large businesses.

Central Bank & Trust Co.

7310 Turfway Road, Suite 200

Florence, KY 41042

(859) 905-5502


A full-service community bank, Central Bank offers banking, insurance, investments and wealth management services for personal and business needs. And it’s a great time to make the switch to Central as we are growing in NKY. Visit one of our convenient locations in Florence, Fort Mitchell or Crestview Hills, and coming soon to Union, to learn more.

Heritage Bank

1818 Florence Pike

Burlington, KY 41005

(859) 586-9200


Heritage Bank is more than just a bank; we’re your neighbors, friends, school volunteers, community advocates, and fellow residents. We’re committed to knowing our customers personally and providing a friendly banking experience. Locally owned and operated since 1990, Heritage Bank is a trusted advisor and partner to individuals and businesses throughout Kentucky.

Allied Financial Solutions

Florence – allied-financial-solutions.com

Alphamark Advisors

Fort Mitchell – alphamarkadvisors.com

Altus Wealth Management

Fort Mitchell – altuswm.com


Florence – apprisen.com

Aviatra Accelerators

Covington – aviatraaccelerators.com

Bannockburn Global Forex, LLC

Cincinnati, OH – annockburnsecurities.com

Bartlett & Co.

Cincinnati, OH – bartlett1898.com


Crestview Hills – bbt.com

Bottom Line Services

Fort Mitchell  – bottomlineservices.com

The Catalytic Fund

Covington – thecatalyticfund.org

Central Bank

Florence – centralbank.com


Cincinnati, OH – chase.com


Florence – citigroup.com

United Bank

Newport – unitedbankky.com/newport-branch

Citizens Deposit Bank

Fort Wright – cdbt.com

Citizens Federal Savings & Loan Association

Covington – citizens-federal.com

Commonwealth Bank & Trust Co.

Florence – cbandt.com

Coppage Wealth Management


COVE Federal Credit Union

Edgewood – covefcu.org

Eagle Financial Services, Inc.

Florence – eagle.com

Edward Jones

Edgewood, Erlanger – edwardjones.com

Envoy Mortgage, Ltd.

Crestview Hills – envoymortgage.com

Fidelity Investments

Covington – fidelity.com

Fifth Third Bank

Florence – 53.com

Focus On Success

Fort Mitchell – focusonsuccess.com

Forcht Bank

Burlington – forchtbank.com

Fourth Street Performance Partners, Inc.

Covington, – fourthst.com

FTJ Fund Choice, LLC

Hebron – ftjfundchoice.com

Guardian Savings Bank

Multiple braches – guardiansavingsbank.com

Heritage Bank

Burlington – heritagebank-ky.com

Hilliard Lyons

Fort Mitchell – hilliard.com

Huntington Bank

Florence – huntington.com

Kemba Credit Union

Florence – kemba.org

Kentucky Federal Savings & Loan Association

Covington – kentuckyfederal.com

Kentucky Land Title Agency, Inc.

Fort Mitchell – kentuckylandtitle.com

L & N Federal Credit Union

Erlanger – lnfcu.com

Legacy Financial Advisors

Covington – legacyfinancialadvisors.com

MCF Advisors

Covington – mcfadvisors.com

Merrill Lynch

Fort Mitchell – ml.com

Morris & Bressler

Florence – morrisbressler.com

Odyssey Financial Advisors

Edgewood – ameripriseadvisors.com

OMEGA Processing Solutions, LLC

Fort Thomas – omegap.com

Option Financial, LLC

Fort Mitchell – optionfinancial.com

PNC Bank

Cincinnati, OH – pnc.com

Polaris Home Funding

Cold Spring – homeloansuccess.com

Primerica Financial Services

Fort Wright – primerica.com

Principled Wealth Advisors, LLC

Covington – rincipledwealth.net

Prosperity Financial Group

Fort Mitchell – prosperityconnect.com

Renaissance Investment Management

Covington – reninv.com

Republic Bank

Covington – republicbank.com

Stock Yards Bank & Trust Company

Cincinnati, OH – syb.com

Stockton Mortgage Corp.

Florence – smcapproved.com

U.S. Bank

Covington – usbank.com

Union Home Mortgage Corp.

Fort Mitchell – unionhomemortgage.com

United Community Bank

Lawrenceburg, IN – bankucb.com

Victory Bancorp, Inc.

Fort Mitchell – victorycommunitybank.com

Wells Fargo Advisors, LLC

Fort Mitchell – wellsfargoadvisors.com

Wells Fargo Bank

Louisville – wellsfargo.com

Wurz Financial Services


Information provided by Northern Kentucky Chamber of Commerce