By: Chuck Stinnett, The Henderson Gleaner
HENDERSON, Ky. - A new financial institution — Field & Main Bank — opened in Henderson on Jan. 26 as a result of the merger of Ohio Valley Financial Group and BankTrust Financial, creating what it calls “modern craft banking.”
The merger, announced last July, will create an entity with nearly $400 million in assets and approximately 18,000 customers from the two banks.
It will also extend what has been Ohio Valley’s lead as the largest commercial bank in Henderson as measured by local deposits.
Ohio Valley’s Chairman and CEO Scott Davis will serve in those same positions at Field & Main, while president positions will be held by both BankTrust President and CEO Dale Sights and Ohio Valley President Chris Melton.
“All things considered, this transaction has been about as smooth as we could hope for,” Davis said last week. “We’ve had a lot of good people focusing on a good outcome.
“The proof will be in the conversion of our IT (computer) systems this weekend,” he added.
Field & Main will have five full-service locations. The Henderson offices are the former Ohio Valley main office at Second and Main, the Old Orchard branch at 400 Barret Blvd. and the Eastgate Branch at 1720 Second St.
Among the Henderson offices, lobby hours will be 8 a.m. to 5 p.m. weekdays, while the drive-thru windows will operate from 8 a.m. to 5 p.m. weekdays (6 p.m. on Fridays).
The Old Orchard branch lobby and drive-thru will also be open 8:30 a.m. to noon on Saturdays.
It will also operate in the former Ohio Valley branch at 1020 N. Burkhardt Road in Evansville as well as a BankTrust office in Cynthiana, Kentucky, and Ohio Valley’s loan production office in downtown Lexington.
BankTrust’s two Henderson locations at 208 N. Main St. and 2003 Stapp Drive have been permanently closed as bank offices, effective at the close of business last Saturday. Both are located close to larger Ohio Valley offices.
However, Davis said BankTrust’s former headquarters on North Main, after a remodeling project, will house Field & Main Insurance, formed by the merger of Ohio Valley Insurance Services and BankTrust’s Latta Insurance Division.
Until then, the insurance agency will operate at 201-B N. Main St. (Faught & Jones Insurance, which merged with Latta effective Nov. 1, will be integrated into that operation later, he said.)
The deposit accounts, such as checking accounts, of customers of both banks will continue to function as they have in the past. Their checks, debit cards and direct deposit transactions will remain valid until new debit cards are issued in mid-2015.
“In the majority of cases, even your login credentials for online banking will remain the same” — although a “few” deposit customers will receive a new account number — “as will your mobile banking and electronic statement preferences,” according to the bank.