Lexington, KY – New Albany, Indiana-based Your Community Bank has named Jeff Koonce as its central Kentucky market head.
Koonce, who served as Lexington market president for Cumberland Valley National Bank, takes over the area for the bank that came to town after buying the solid assets of the former First Federal Bank, which was shutdown by the FDIC in April.
Koonce has more than 27 years of bank management and lending experience in the area, according to a release from the bank. The company also stated it plans to be an active and involved member in the central Kentucky market and cited Koonce’s involvement serving on numerous nonprofit and community service boards as one of the factors that led to his appointment.
Your Community Bank has three Lexington locations, one in Hamburg on Sir Barton Way, near Lansdowne on Tates Creek and downtown on Vine Street.
The former First Federal Bank had two additional locations, one on Lane Allen and another on Leestown Road.
“Our goal is to grow responsibly in central Kentucky, and to do that we need strong local leadership,” said Jim Rickard, president and CEO of Community Bank Shares of Indiana. “Jeff is a well-respected banker in the Lexington market and someone that we believe can successfully lead our business development efforts in the Bluegrass.”