Has the banks management done anything new or radical to reduce overhead or operating expenses?
Because of low interest rates and margins on loans, the bank has streamlined operations and lowered operating costs. In order to be competitive, we watch expenses more closely than in the past. What is your forecast for short and long term interest rates? Inflation is under control. I don’t see anything in the near future that is going to change that. If anything, the rates could go down a little bit. Not very much, a quarter of a percent. What types of new clients is Central Bank seeking? Central Bank likes small businesses; they have been the foundation of this bank since Garvice Kincaid started it. We have built on that tradition over the last several years. Recently Central Bancshares opened a savings bank in Nicholasville. What are the bank’s plans in this area? Central Bank is planning to go regional. Hopefully in the next five or six years we will operate savings banks in all the surrounding counties. What is your vision for Central Bank’s future? Central Bank will be one of the
