Introduction:
Porter Bancorp, Inc. operates as the holding company for PBI Bank, a chartered community bank that provides commercial and personal banking products and services in Central Kentucky and Louisville. The company offers deposit products, including checking, savings, and term certificate accounts, as well as NOW accounts, money market accounts, and fixed rate certificates. It provides commercial loans for equipment purchases, working capital, and other financing needs of business enterprises; and commercial real estate loans that include loans on properties occupied by the borrowers and on properties for commercial purposes, as well as construction and development loans secured by land under development, or homes and commercial buildings under construction. The company also offers residential real estate loans; consumer loans; agriculture loans secured by livestock, crops, and/or equipment; and other loans, including loans to municipalities, loans secured by stock, and overdrafts. In addition, it provides drive-through banking facilities, automatic teller machines, night depository, personalized checks, credit and debit cards, Internet and mobile banking, treasury management services, remote deposit services, electronic funds transfers through ACH services, domestic and foreign wire transfers, cash management, vault services, and loan and deposit sweep accounts. The company operates 15 banking offices in 12 counties in Kentucky. Porter Bancorp, Inc. was founded in 1902 and is headquartered in Louisville, Kentucky.