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Author: Chelsea Culp

FNB & VUE Magazine Present 40 Under Forty

FNB is proud to honor and recognize the top 40 Under Forty with VUE Magazine. 40 Under Forty will recognize the very best young professionals and what our communities represent: diversity, inclusiveness, industry disruptors and innovators of all types!

Nominate your favorite young professional today. The deadline to nominate is July 21st. Email the nominated candidate’s name, address, business, email, and phone number to marmon@vuecommedia.com. They will receive an application that will be reviewed upon completion. Winners will be announced in the September issue.

Candidates must be under the age of 40 and must work in McCracken, Marshall, Calloway, Graves, Massac, Ballard, Carlisle, or Livingston counties.

40 Under Forty is presented by FNB Bank and VUE Magazine. FNB Bank, Member FDIC and Equal Housing Lender.

DREAM Together Check Presentation Held for Western Kentucky Insurance Agency

A check presentation was held on Thursday, June 29th, to present DREAM Together incentive funds to Jonathan Simpkins in the amount of $17,280. Simpkins took advantage of the DREAM Together partnership program offered by FNB Bank and First Kentucky Bank. The DREAM acronym stands for Downtown Revitalization & Economic Advancement for Mayfield.  Together, both Mayfield-based banks have partnered to provide incentives and low interest loans for businesses that want to rebuild and invest again in downtown Mayfield.  The collective goal of FKB and FNB is to stimulate economic development and put jobs back in one of the hardest hit areas in the community.

Jonathan Simpkins owns Western Kentucky Insurance Agency, located at 304 South 6th Street in Mayfield. The business was severely damaged in the December 10th, 2021, tornado that swept through Mayfield. The building was demolished and rebuilt. The new office building opened in April 2023 and features a drive-thru for added customer convenience.

About FNB Bank, Inc.

FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky with assets exceeding $660 million.  FNB ranks among the highest in the nation in the area of safety and soundness. The bank currently has ten locations located in Graves, McCracken, Calloway, Trigg and Marshall County. FNB is Member FDIC and an Equal Housing Lender.

About First Kentucky Bank

First Kentucky Bank is a Kentucky-based community bank established in 1899 with assets exceeding $554 million. First Kentucky provides a personal approach to finances for those in six counties, including Carlisle, Graves, Livingston, Marshall, Muhlenberg, and Ohio. They are committed to bringing customers simple ways to connect, grow, and protect their financial health in both personal and business endeavors.  First Kentucky is a Member FDIC bank and an Equal Housing Lender.

FNB Bank Proudly Sponsors 14th Annual Lifeline Recovery Center Golf Outing

FNB Bank (FNB) is proudly serving as the title sponsor for the 14th annual Lifeline Recovery Center Golf Outing that will take place on September 8, 2023.  Proceeds from the golf outing will assist Lifeline with providing Christ-centered recovery from life-controlling addictions at Lifeline.

“We are happy to partner with Lifeline Recovery Center for a second year at the annual golf outing,” stated Ike Nichols, FNB Market President.  “We are confident our sponsorship and all golf outing proceeds will continue to help Lifeline have a meaningful impact on the lives of community members who are dealing with various addictions.”

Lifeline Recovery Center is a long-term residential recovery program for those dealing with drug and alcohol addictions, treating about 200 people each year at separate men’s and women’s campuses.  Lifeline was established in 2004 in Paducah, KY, and the program has served more than 2,000 people.  Since 2013, Lifeline has served over 2,000 people with a 63% success rate of sobriety after one year.

If you would like to learn more about Lifeline Recovery Center, more information is available at LifelineRecoveryCenter.org, including ways to donate.

FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky with assets exceeding $660 million.  FNB ranks among the highest in the nation in the area of safety and soundness. The bank currently has ten offices located in Graves, McCracken, Calloway, Trigg and Marshall County. FNB is Member FDIC and an Equal Housing Lender.

FNB Bank Ranked Fourth in Small Business Division in 2023 Best Places to Work in Kentucky

FNB Bank (FNB) was recognized as the fourth best company out of 45 companies in the small business division in Kentucky at the 19th annual Best Places to Work in Kentucky awards ceremony.  FNB was the highest-ranking bank within the small business division and advanced one spot from its fifth-place ranking in 2022. On June 8th, more than 900 attendees joined in celebrating the 100 Kentucky companies and were recognized for their commitment to focus, measure, and move their workplace environments toward excellence.

The companies who made the 2023 list were announced in March and the ranked list was announced on stage last night at the awards ceremony in Lexington, Kentucky. The 100 winning companies participated in a comprehensive survey process and were then ranked according to those results. The list consists of three categories: small companies of 15-149 employees, medium companies of 150-499 employees and large companies consisting of more than 500 employees (categories based on number of U.S. employees, only Kentucky employees surveyed). Click here to view the full list of ranked winners.

FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky with assets exceeding $660 million.  FNB ranks among the highest in the nation in the area of safety and soundness. The bank currently has ten offices located in Graves, McCracken, Calloway, Trigg and Marshall County. FNB is Member FDIC and an Equal Housing Lender.

FNB Donates $15,000 to Murray-Calloway County Hospital’s New Regional Cancer Center

FNB Bank, Inc. (FNB) is proud to donate $15,000 to Murray-Calloway County Hospital’s new state of the art Regional Cancer Center.  As part of the donation, FNB will be naming the Radiation Clinic Nursing Station.  The new Regional Cancer Center is a $15 million project, covering 17,954 square feet, and will provide detection, diagnosis, and care services all under one roof.

“We are proud to support the new Regional Cancer Center at Murray-Calloway County Hospital,” stated Sally Hopkins, FNB President and CEO.  “The specialized treatments, services and care that the new Cancer Center will provide will be an invaluable resource to our region during a time when patients need local and dedicated care the most.”

The Regional Cancer Center will be located on 8th Street at Murray-Calloway County Hospital and will offer patients and their families hometown care from highly skilled specialists.  For more information about the Regional Cancer Center, please contact Lisa Shoemaker at (270)762-1291 or visit www.murrayhospital.org.

FNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky with assets exceeding $660 million.  FNB ranks among the highest in the nation in the area of safety and soundness. The bank currently has ten offices located in Graves, McCracken, Calloway, Trigg and Marshall County. FNB is Member FDIC and an Equal Housing Lender.

CFPB Finds that Billions of Dollars Stored on Popular Payment Apps May Lack Federal Insurance

The Consumer Financial Protection Bureau (CFPB) published an issue spotlight on digital payment apps heavily used by consumers and businesses. The analysis finds that funds stored on these apps may not be safe in the event of financial distress, since the funds may not be held in accounts with federal deposit insurance coverage. The CFPB also issued a consumer advisory for customers holding funds in these apps and how they can make sure their funds remain safe.

“Popular digital payment apps are increasingly used as substitutes for a traditional bank or credit union account but lack the same protections to ensure that funds are safe,” said CFPB Director Rohit Chopra. “As tech companies expand into banking and payments, the CFPB is sharpening its focus on those that sidestep the safeguards that local banks and credit unions have long adhered to.”

Use of nonbank payment apps such as PayPal, Venmo, and Cash App have rapidly grown in the past few years. These apps allow people to quickly pay retailers and others, while providing the option to store funds. Unlike traditional bank and credit union accounts which have deposit insurance, funds stored in these nonbank payment companies may be unprotected.

In recent months, many Americans were reminded that funds deposited with banks and credit unions enjoy the safety afforded by federal deposit insurance through the FDIC or NCUA. Americans witnessed the failure of large systemically important banks such as Silicon Valley Bank, Signature Bank, and First Republic Bank. These banks experienced a run, but insured depositors could have confidence their money was safe. However, similar protection would not be guaranteed to customers that store money on nonbank payment apps.

Today’s issue spotlight finds that:

  • More than three quarters of adults in the United States have used a payment app. Younger customers’ use of these payment app services is especially prevalent. Approximately 85 percent of consumers aged 18 to 29 have used such a service. Transaction volume across all service providers in 2022 was estimated at approximately $893 billion, and is projected to reach approximately $1.6 trillion by 2027.
  • Nonbanks can earn money when users store funds on their platforms. When users of these digital apps receive payments, the funds are not usually swept automatically to the recipient’s linked bank or credit union account. Instead, companies hold and invest the funds. These activities are not typically subjected to the same oversight that an insured bank or credit union faces. Apps also earn money through fees on merchants and other ancillary services, like selling crypto-assets and offering affiliated financial products.
  • Funds sitting in payment app accounts often lack deposit insurance. When users receive payments, through these apps, these funds are not automatically swept into their linked bank or credit union account. In addition, payment app companies do not necessarily store customer funds in an insured account through a business arrangement with a bank or credit union. The company’s investments carry risk and if it were to fail, customers could lose their funds.
  • User agreements often lack specific information. User agreements for digital payment apps often lack information on where funds are being held or invested, whether and under what conditions they may be insured, and what would happen if the company or the entity holding the funds were to fail.

Many states are enacting policies to ensure that these digital payment apps are able to meet their obligations, including a new law recently enacted in Texas. State laws, however, generally do not require that customer funds be stored in or automatically swept into insured accounts. The CFPB will continue coordinating with other state and federal regulators to monitor the evolution of this segment of the payments ecosystem and take appropriate steps.

The CFPB also issued a consumer advisory providing information to customers that keep funds stored on payment apps. Until payment apps are designed to automatically sweep balances into a user’s insured account, consumers may need to take action to move their balances stored in payment apps.

Consumers can submit complaints about financial products and services by visiting the CFPB’s website or by calling (855) 411-CFPB (2372).

The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives. For more information, visit www.consumerfinance.gov.

By Consumer Financial Protection Bureau; Article published on June 1, 2023
CFPB Finds that Billions of Dollars Stored on Popular Payment Apps May Lack Federal Insurance | Consumer Financial Protection Bureau (consumerfinance.gov)

FNB’s Crystal Balentine Graduates in Inaugural Class of Leadership West Kentucky

Crystal Balentine graduates from Leadership West KentuckyCrystal Balentine, FNB Bank Senior Vice President & HR Officer, is a recent graduate of the inaugural class of Leadership West Kentucky (LWK).  This was the first year of the program sponsored by the West Kentucky Regional Chamber Alliance (WKRCA).  There were 29 participants from 14 counties in West Kentucky in this new program.

Members of Leadership West Kentucky live or work in the counties represented by the West Kentucky Regional Chamber Alliance including Ballard, Caldwell, Calloway, Carlisle, Christian, Crittenden, Fulton, Graves, Hickman, Livingston, Lyon, Marshall, McCracken, and Trigg. All 14 counties had representation in the program, which was created to promote regionalism and build a network of informed citizens across community lines. The desired outcome was to instill pride in the region and focus on encouraging participants to be active in their region and community.

TVA served as the presenting sponsor of the program. Curriculum included leadership development, education on issues facing the region, relationship-building and awareness of the attributes and uniqueness of each county.

“This group of people from all over the region came together to get to know more about our local areas and to get to know each other. They have built a network of contacts they can call on each other when they have a question about another area. We hope the first class of Leadership West Kentucky will return to their communities and companies with increased skills, knowledge, perspective, and a new regionwide professional network,” said Sandra Wilson, Paducah Chamber President/CEO, who helped coordinate the program. “These leaders will have the resources to be better prepared to be catalysts in their companies and communities to further advance the region.”

The West Kentucky Regional Chamber Alliance will evaluate the program and determine the status of continuing with the program in 2024.

The class had a two-day orientation in Paducah in January and met monthly through May in locations throughout the region. The one-day sessions focused on a featured community as well as regional topics such as transportation, education, economic development, quality of life, advocacy, agriculture, and tourism. In February the class focused on Lyon/Caldwell/Crittenden counties, in March met in Murray, in April in Fulton/Hickman counties and graduated at the final session in Hopkinsville on May 25.

For more information about Leadership West Kentucky and the West Kentucky Regional Chamber Alliance, visit wkrca.org.

Members of LWK Class #1 include:

Ballard County – Sarah Drysdale, UK Cooperative Extension.

Caldwell County – Jay Campbell, Fredonia Valley Bank; Joe Pelletier, Rogers Group.

Calloway County – Shawn Touney, Murray State University.

Carlisle County – Kevyn Dunker, GEO Consultants; Jennifer Quillen, Graceland Management Services.

Christian County – Martha Argotte, United Southern Bank; Ruth Lynch, Retired, Christian Co. Board of Education; Josh Ryan, Planters Bank; DeeAnna Sova, Ascend.

Crittenden County – D’Anna Browning, City of Marion; Tonya Driver, Crittenden Co. Board of Education

Fulton County – April Gallimore, Fulton Co. Judge’s office; Susan Malone, Citizens Bank.

Graves County – Crystal Balentine, FNB Bank; Terry Bradley, Paducah Bank; Nathaniel Cox, KeyBank/City of Mayfield.

Hickman County – Justin Jackson, Jackson Consulting Firm.

Livingston County – Tyler Coleman, Farmers Bank & Trust.

Lyon County – Monica Walker

Marshall County – Dana Howard, CFSB.

McCracken County – Kenny Boyd, Baptist Health Paducah; Sarah Dallas, Paducah Bank; Leslie Heath, Keller Williams Realty.

Trigg County – Scott Sholar, Tennessee Valley Authority.

Representing Multiple Counties – Betsy Burkeen, United Way of Western Kentucky; Stephanie Moss, Child Watch; Ryan Tolbert, Atmos Energy; Austin Wetherington, U.S. Cong. James Comer’s Office.

Leadership West Kentucky Graduates

1st Row (L to R): Martha Argotte, United Southern Bank; Crystal Balentine, FNB Bank; Kenny Boyd, Baptist Health Paducah; Terry Bradley, Paducah Bank; D’Anna Browning, City of Marion; Betsy Burkeen, United Way of Western Kentucky; Jay Campbell, Fredonia Valley Bank; Tyler Coleman, Farmers Trust Bank;

2nd Row: Nate Cox, KeyBank/City of Mayfield; Sarah Dallas, Paducah Bank; Tonya Driver, Crittenden Co. Board of Education; Sarah Drysdale, UK Cooperative Extension; Kevyn Dunker, GEO Consultants; April Gallimore, Fulton Co. Judge Executive’s Office; Leslie Heath, Keller Williams Realty; Dana Howard, CFSB;

3rd Row: Justin Jackson, Jackson Consulting Firm; Ruth Lynch, Retired, Christian Co. Bd. of Education; Susan Malone, Citizens Bank; Stephanie Moss, Child Watch; Joe Pelletier, Rogers Group; Jennifer Quillen, Graceland Management Services; Josh Ryan, Planters Bank; Scott Sholar, Tennessee Valley Authority;

4th Row: DeeAnna Sova, Ascend Elements; Ryan Tolbert, Atmos Energy; Shawn Touney, Murray State University; Monica Walker; Austin Wetherington, Cong. James Comer’s Office.

FNB Donates Over $21,000 Back to Local Schools Through Spirit Debit Card Program

Graves County Schools Spirit Debit Card Check PresentationFNB Bank is proud to announce that they have donated over $21,000 back to Mayfield, Graves County, Trigg County, and Marshall County Schools through their Spirit Debit Card Program. These donations to the school systems are a result of FNB’s 1st quarter 2023 Spirit Debit Card Program.

Mayfield Middle School Spirit Debit Card Rewards Check Presentation“We are proud to offer our exclusive FNB Spirit Debit Card Program to our local schools,” stated Brooke Wiles, FNB Marketing Director.  “Our customers have pride in knowing that they are making a difference in the lives of our youth by simply swiping their Spirit Debit Cards at the checkout.  The donated funds allow the school systems the opportunity to do more for their students and staff, which is an invaluable asset to our community.”

Marshall County Schools Spirit Debit Card Rewards Check PresentationThe FNB Spirit Debit Card Program allows FNB and their customers the opportunity to give back to their local schools when they use their FNB debit card.  FNB currently offers Spirit Debit Cards for Mayfield, Graves County, Trigg County, and Marshall County Schools.  The Spirit Card works like a traditional debit card and for each signature-based transaction (not using your PIN), FNB donates $0.10 to the corresponding school.  The tracking process is hassle free for the card holder, as FNB does all the tracking and submits the check to each school on a quarterly basis.  The donated funds are utilized at the school’s discretion.

In 2022, FNB donated over $81,000 to their participating schools through the Spirit Debit Card Program.  To learn more about the Spirit Debit Card Program, stop by your nearest FNB Office or visit www.GrowWithFNB.com.

Trigg County Schools Spirit Debit Card Reward Check PresentationFNB Bank, founded in 1875, is one of the oldest banks in the state of Kentucky with assets exceeding 650 million.  FNB ranks among the highest in the nation in the area of safety and soundness. FNB is a 2021-2023 ‘Best Places to Work in Kentucky’ Small Business Category Award Winner.  The bank currently has ten locations located in Graves, McCracken, Calloway, Trigg and Marshall County. FNB is Member FDIC and an Equal Housing Lender.

FNB’s Spring Shred Event in Mayfield on Thursday, May 18th

FNB invites you to participate in our Spring Shred Event on Thursday, May 18th from 10 AM to 2 PM. Whether you have paper documents or obsolete electronics to dispose of, this is the event for you! We have partnered with WPSD Local 6 for Super Shredder and OK E-Scrap for the Electronics Recycling. Both events will run simultaneously at separate locations, please read below for specific details. Join our Facebook Event Page to stay up to date on event details: FNB’s Spring Shred Event | Facebook

Super Shredder

WPSD Local 6 will be hosting “Super Shredder Thursday” at FNB’s Mayfield Downtown Office, located at 201 N 8th Street on Thursday, May 18th from 10 AM to 2 PM.  This is a great opportunity to safely dispose of personal documents without risking identity theft. Our shredding partner, Shred-it, will destroy up to 50 pounds of your personal documents for FREE! No business documents will be accepted.

As a safety precaution, please stay in your car and allow our volunteers to unload the documents from your vehicle.

For complete Super Shredder rules, please visit: Super Shredder | WPSD Local 6

Electronics Recyling

OK E-Scrap, LLC will offer our community the opportunity to recycle old, obsolete electronics for FREE* on Thursday May 18th from 10 AM to 2 PM at 211 E Broadway (former City Hall building).  All materials recycled or shredded, will be disposed of in a safe and environmentally responsible manner by OK E-Scrap LLC.

FREE Acceptable E-Waste:
Computers, Servers, Hard Drives, iPads/Tablets, Kindles, Electronic Book Readers, Flat Screen Monitors/TVs, Laptops, All Circuit Boards, DVD Players, VCRs, Modems, Cable Boxes, Satellite Receivers, Routers, Cell/Mobile Phones, Telephone Systems & Hardware, Insulated Cable & Wire, Video Game Consoles, USB Cords & Batteries, UPSs and Battery Backup Units

Unacceptable E-Waste:
CRT Monitors, Console TVs, Projection TVs, Paint or Varnish, Glass Bulbs, Household Batteries (Ni-Cd, Alkaline, Lithium Primary), Toner/Ink Cartridges

*Certificates of Destruction will be available upon request for $25/each with multiple hard drive serial numbers. Hard Drive shredding is free.

For questions pertaining to the Spring Shred Event, please contact FNB at 270-247-1758 or via email at events@growwithfnb.com.

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