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Commonwealth Bank & Trust Co. of Middletown and Shelby County Trust Bank of Shelbyville are merging and will be known as Commonwealth Bank & Trust Co. The merged bank is also adding a new operations facility.
The two banks currently hold separate charters under Commonwealth Bancshares Inc., a holding company based in Shelbyville, said Carl Thomas, current president and CEO of Commonwealth Bank & Trust. He also is executive vice president with Commonwealth Bancshares.
Commonwealth Bancshares also is the parent of First Security Trust Bank in Florence, Ky., and SNIC Capital Inc.,...