The “Bank of New Castle” was incorporated March 21, 1870 with an authorized capital of $100,000.00. A lot on Main Street was purchased February 13, 1871 on which the first bank building was constructed. The bank commenced business on March 1, 1872 . The first administrative staff consisted of:
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Mr. George C. Castleman – President |
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Mr. Joseph Brinker – Cashier |
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Mr. Sanford Strother – Bookkeeper |
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Mr. J. W. Matthews – Clerk |
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“Citizens Bank” at Port Royal was formed in 1891 with capital stock of $15,000.00. M. B. Perry was elected President. He was succeeded by his son, H. E. Perry, who would see this bank consolidate with “Citizens Bank of New Castle ” in 1935 to become “Citizens Bank.” H. E. Perry occupied the office of President of the combined institutions for 58 years.
The same year as the Citizens Bank merger, The "Bank of Campbellsburg" which was established in 1889, joined with the "Farmers Bank of Turners Station" to become "United Farmers Bank." Both United Farmers Bank and Citizens Bank continued to serve the needs of Henry County residents and be active participants in county growth for many years.
In 1975, the Board of Directors of both institutions recognized the potential gain for shareholders and customers that another merger would bring. After careful consideration and planning, the two banks merged to become what we have today - United Citizens Bank & Trust Co., Inc.
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