Company type | Management Services Company |
---|---|
Industry | Banking and financial services, insurance, nursing homes and health care, broadcasting and print media, retail, data and Web design services, real estate, construction |
Founded | Nursing home group-1972; Broadcasting group-1981; Banking group-1985 |
Headquarters | Lexington, Kentucky and Corbin, Kentucky, United States |
Key people | Terry Forcht, President & CEO, Debbie Reynolds, Chief Operations Officer, Roger Alsip, Chief Financial Officer, Ted Forcht, Rodney Shockley Directors, Corporate Board |
Total assets | $1.012 billion USD (2008) (Banking division only) |
Number of employees | 2,100 (2008) |
Website | http://www.forchtgroup.com/ |
Forcht Group of Kentucky(pronounced "fork") is a group of companies principally owned by Terry Forcht, with corporate headquarters in Lexington, Kentucky and Corbin, Kentucky. The corporation employs more than 2,100 people in many companies specializing in banking and financial services, insurance, nursing homes and health care, broadcasting and print media, retail, data and Web design services, real estate and construction. Forcht Group of Kentucky officially changed its name from First Corbin Financial Corporation on November 10, 2007. The company also sponsors "The Forcht Group of Kentucky Center for Excellence in Leadership" lecture series which began in 2005 at University of the Cumberlands, where Terry Forcht formerly taught business.
The largest of Forcht Group's businesses is Forcht Bancorp, which is a management services company for Forcht Bank [1] which has 34 locations in 12 Kentucky counties with total assets of more than $1 billion ranking it among the top 10 Kentucky-based banks in the Commonwealth. In December 2007, Forcht Bank was formed by merging the 11 banks that Forcht Bancorp owned. The bank's locations were formerly named Boone National Bank, Campbellsville National Bank, Deposit Bank and Trust Co., First National Bank of Lexington, Laurel National Bank, PRP National Bank, Somerset National Bank, Tri-County National Bank, Williamsburg National Bank, and Eagle Bank. [2] Forcht Bank is based in Lexington, and Forcht Bancorp's headquarters is in Corbin and Lexington. The bank's slogan is "A New Direction in Banking." Forcht Bank is the title sponsor for the State Baseball Championship tournament at Applebee's Park in Lexington, Ky.
On April 23, 2008, Forcht Group of Kentucky announced that Key Broadcasting had been rebranded as Forcht Broadcasting. Forcht Broadcasting currently operates 24 radio stations across 12 areas in Illinois, Indiana and Kentucky. [3] Forcht Broadcasting stations are affiliates for a variety of pro, college and local sports, including the UK Sports Network, NASCAR, IndyCar, Cincinnati Reds, St. Louis Cardinals, Nashville Predators, Cincinnati Bengals, Indianapolis Colts and local high school sports.
AM Stations | FM Stations |
Market | Station | Current Format |
---|---|---|
Olney, Illinois | WVLN 740 | Sports radio |
WSEI 92.9 | Country | |
WOWA 93.7 | Classic hits | |
WIKK 103.5 | Classic rock | |
Crawfordsville, Indiana | WCVL 1550 | Classic hits |
WIMC 103.9 | Classic rock | |
WCDQ 106.3 | Country music | |
Campbellsville, Kentucky | WTCO 1450 | Rock music |
WCKQ 104.1 | Contemporary hits | |
Columbia, Kentucky | WAIN 1270 | Sports radio |
WAIN-FM 93.5 | Country music | |
Greensburg, Kentucky | WGRK-FM 105.7 | Country music |
Hopkinsville | WHOP 1230 | News/talk |
WHOP-FM 98.7 | Adult contemporary | |
London, Kentucky | WFTG 1400 | Classic Country |
WANV 96.7 | Oldies | |
WWEL 103.9 | Hot adult contemporary | |
Paintsville, Kentucky | WKYH 600 | Classic hits |
WSIP 1490 | Sports radio | |
WKLW-FM 94.7 | Top 40/CHR | |
WSIP-FM 98.9 | Country music | |
Somerset, Kentucky | WTLO 1480 | Adult standards |
WYKY 106.1 | Adult contemporary | |
Whitesburg, Kentucky | WTCW 920 | Classic country |
WXKQ-FM 103.9 | Adult contemporary |
*Minority ownership
Bank One Corporation was an American bank founded in 1968 and at its peak the sixth-largest bank in the United States. It traded on the New York Stock Exchange under the stock symbol ONE. The company merged with JPMorgan Chase & Co. on July 1, 2004, with its CEO Jamie Dimon taking the lead at the combined company. The company had its headquarters in the Bank One Plaza in the Chicago Loop in Chicago, Illinois, now the headquarters of Chase's retail banking division.
The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.
National City Corporation was a regional bank holding company based in Cleveland, Ohio, founded in 1845; it was once one of the ten largest banks in America in terms of deposits, mortgages and home equity lines of credit. Subsidiary National City Mortgage is credited for doing the first mortgage in America. The company operated through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, Florida, and Wisconsin, and also served customers in selected markets nationally. Its core businesses included commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. The bank reached out to customers primarily through mass advertising and offered comprehensive banking services online. In its last years, the company was commonly known in the media by the abbreviated NatCity, with its investment banking arm even bearing the official name NatCity Investments.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of August 2023, it is the 9th largest bank with $514 billion in assets.
TD Banknorth, formerly Banknorth, was a wholly owned subsidiary of the Toronto-Dominion Bank which conducted banking and insurance activities, primarily serving the northeastern area of the United States, headquartered in Portland, Maine. The bank became TD Bank, N.A. on May 31, 2008.
Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Its primary banking footprint is in Illinois, Indiana, Kentucky, Michigan, Minnesota, and Wisconsin.
Republic Bank & Trust Company is a Louisville, Kentucky-based bank.
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918. OFG Bancorp has $10.6 billion in assets (2023), and approximately 2,248 employees (2023).
WSFS Financial Corporation is a financial services company. Its primary subsidiary, WSFS Bank, a federal savings bank, is the largest and longest-standing locally managed bank and trust company headquartered in Delaware and the Greater Delaware Valley. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management.
People's United Financial, Inc., was an American bank holding company that owned People's United Bank. The bank operated 403 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine, and New Hampshire. It was the second-largest full-service bank in New England, one of the largest in the northeast, and the 46th-largest in the United States.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
WWEL is a radio station licensed to serve London, Kentucky. The station is owned by Forcht Broadcasting, a Forcht Group of Kentucky Company and licensed to F.T.G. Broadcasting, Inc.
The Dime Community Bank, originally known as the Dime Savings Bank of Williamsburgh, is a local, FDIC-insured bank headquartered in Hauppauge, New York. Founded in 1864, the bank was originally based in the Williamsburg neighborhood of Brooklyn, New York, and continues to operate with a strong market presence in this area. In 2017, Dime moved its headquarters to Brooklyn Heights. On Monday, February 1, 2021, Bridge Bancorp Inc. and Dime Community Bancshares successfully closed on a merger of equals. The bank headquarters is currently in Hauppauge, NY.
The News Journal is a weekly newspaper based in Corbin, Kentucky with an office in Williamsburg, Kentucky, that covers Knox, Laurel and Whitley counties in that state. The newspaper is owned and published by The Whitley Wiz, Inc. a Forcht Group of Kentucky Company.
WAIN-FM is a country music–formatted radio station licensed to Columbia, Kentucky, United States. The station is currently owned by Forcht Broadcasting as part of a duopoly with sports radio station WAIN.
Cadence Bank is a commercial bank with dual headquarters in Tupelo, Mississippi, and Houston, Texas, with operations in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee, Texas, and Illinois. In 1876, Raymond Trice and Company received a charter to create a bank in its hardware store in Verona, Mississippi. In 1886, the banking operation was moved to Tupelo, Mississippi and the company was renamed to Bank of Lee County, Mississippi. Soon after, it was renamed to the Bank of Tupelo. The bank was renamed to Bank of Mississippi in 1966. In 1997, the bank changed its name to BancorpSouth. In October 2021, the bank changed its name to Cadence Bank. It has the naming rights to Cadence Bank Amphitheatre in Atlanta and Cadence Bank Arena in Tupelo.
First Financial Bancorp is a regional bank headquartered in Cincinnati, Ohio, with its operations centers in the northern Cincinnati suburb of Springdale, and Greensburg, Indiana. Founded in 1863, First Financial has the sixth oldest national bank charter and has 110 locations in Ohio, Kentucky, and throughout Indiana. First Financial acquired Irwin Financial Corp and its subsidiaries through a government assisted transaction on September 18, 2009.
The Nasdaq Financial-100 (^IXF) is a stock market index operated by Nasdaq consisting of companies that are listed on the Nasdaq stock exchange and that are in the financial services industry, including banking, insurance, mortgages and securities trading. It was created in 1985 as the sister index to the more widely followed Nasdaq-100.
Star Banc Corporation was a Cincinnati, Ohio-based regional bank holding company that acquired Firstar in 1998 and took the Firstar name; the merged bank acquired U.S. Bancorp in 2001 and took the U.S. Bancorp name. The company can trace its origins back to 1863 when it was first founded as the First National Bank of Cincinnati.