Central Kentucky Federal Danville

Your Hometown Friends. Your Hometown Bank.

A Look into the Rich History of Central Kentucky Federal Savings Bank

Central Kentucky Building and Loan Association was founded in 1886 and was initially located in the Post Office building on Fourth & Main Street. In October 1890, the bank moved to the Boyle Bank & Trust Building, where its VIP office is still located to this day.

In 1925, the association constructed 105 houses and paid six percent on savings accounts, earning the title “Danville’s Biggest Asset” from the local newspaper. That same year, the bank moved to the Mills Building and later purchased the Elks Club Building in 1931. By April 5th, 1943, the bank had outgrown its space and moved to the Boyle Bank Building. The bank’s assets were worth $563,143.72 that year.

In 1964, the bank purchased two properties at the corner of Main and Fourth Street and demolished them to make way for a Williamsburg-style structure that opened in December 1968. The bank obtained a federal charter in 1968 and changed its name to Central Kentucky Federal Savings and
Loan Association.

To accommodate its growing customer base, the bank added two drive-thru lanes and extra parking in 1984. President John Stigall made sure to maintain the structure’s colonial architecture, even requesting photographs of the Governor’s Palace’s outbuildings and landscaping from the Colonial Williamsburg Foundation.

On December 29, 1994, Central Kentucky converted to a publicly traded stock company and rebranded itself as Central Kentucky Federal Savings Bank. The following year, the bank purchased Lancaster First Federal Savings Bank. In 2000, the bank opened its second location in Danville’s Ridgefield Shopping Center. On December 31, 2012, Central Kentucky Federal became a division of First Federal Savings Bank of Frankfort.

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