Bank president to retire at Community Trust Bancorp (NASDAQ: CTBI)
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Community Trust Bancorp, Inc. has announced the planned retirement of Executive Vice President and Community Trust Bank, Inc. President Richard W. Newsom, effective February 5, 2027. He will continue in his current roles until that date.
The company, headquartered in Pikeville, Kentucky, reports assets of $6.7 billion and operates 69 banking locations in Kentucky, along with branches in West Virginia and Tennessee, plus multiple trust offices across both states.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 7.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Key Figures
Total assets: $6.7 billion
Retirement effective date: February 5, 2027
Kentucky banking locations: 69 locations
+4 more
7 metrics
Total assets
$6.7 billion
Company assets as stated in the press release
Retirement effective date
February 5, 2027
Planned retirement date for Richard W. Newsom
Kentucky banking locations
69 locations
Banking locations across multiple regions of Kentucky
West Virginia banking locations
6 locations
Bank branches in southern West Virginia
Tennessee banking locations
3 locations
Bank branches in northeastern Tennessee
Kentucky trust offices
4 offices
Trust offices across Kentucky
Tennessee trust offices
1 office
Trust office in Tennessee
Key Terms
Regulation FD Disclosure, wholly owned bank subsidiary, executive officer change, Emerging growth company
4 terms
Regulation FD Disclosure regulatory
"Item 7.01 – Regulation FD Disclosure On May 4, 2026, the Company issued a press release"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
wholly owned bank subsidiary financial
"President of Community Trust Bank, Inc., the Company’s wholly owned bank subsidiary"
executive officer change financial
"press release announcing the executive officer change described in Item 5.02 above"
Emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
Commission file number 001-31220
(Exact name of registrant as specified in its charter)
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Securities registered pursuant to Section 12(b) of the Act:
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(Name of exchange on which registered)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers
Anticipated Retirement
On May 4, 2026, Community Trust Bancorp, Inc. (the “Company”) announced the planned retirement of
Executive Vice President, Richard W. Newsom, effective as of February 5, 2027.
Mr. Newsom currently serves and will continue to serve as Executive Vice President of the Company and
President of Community Trust Bank, Inc., the Company’s wholly owned bank subsidiary, until his planned retirement on February 5, 2027.
Item 7.01 – Regulation FD Disclosure
On May 4, 2026, the Company issued a
press release announcing the executive officer change described in Item 5.02 above, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
EXHIBIT INDEX
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Exhibit No.
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Description
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99.1
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Press release, dated May 4, 2026, issued by Community Trust Bancorp, Inc.
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* * * * * *
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
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COMMUNITY TRUST BANCORP, INC.
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By:
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Date:
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May 4, 2026
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/s/ Mark A. Gooch
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Mark A. Gooch
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Chairman, President, and Chief Executive Officer
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Exhibit 99.1
FOR IMMEDIATE RELEASE
May 4, 2026
FOR ADDITIONAL INFORMATION PLEASE CONTACT MARK A. GOOCH, CHAIRMAN, PRESIDENT AND CEO, COMMUNITY TRUST
BANCORP, INC. AT (606) 437-3229.
PIKEVILLE, KENTUCKY:
COMMUNITY TRUST BANCORP, INC. ANNOUNCES PLANNED RETIREMENT OF BANK PRESIDENT
On April 29, 2026, Richard W. Newsom, Executive Vice President of Community Trust Bancorp, Inc. (the
“Company”), notified the Company of his planned retirement effective as of February 5, 2027.
Mr. Newsom currently serves and will continue to serve as Executive Vice President of the Company and
President of Community Trust Bank, Inc., the Company’s wholly owned bank subsidiary, until his planned retirement on February 5, 2027.
Community Trust Bancorp, Inc., with assets of $6.7 billion, is headquartered in Pikeville, Kentucky and has 69 banking
locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.
FAQ
What executive change did Community Trust Bancorp (CTBI) announce?
Community Trust Bancorp announced the planned retirement of Richard W. Newsom, its Executive Vice President and President of Community Trust Bank, Inc., effective February 5, 2027. He will remain in both roles until that retirement date, allowing for an extended transition period.
When will CTBI executive Richard W. Newsom retire?
Richard W. Newsom plans to retire effective February 5, 2027, according to Community Trust Bancorp. Until then, he continues serving as Executive Vice President of the company and President of Community Trust Bank, Inc., the company’s wholly owned bank subsidiary.
What roles does Richard W. Newsom currently hold at CTBI?
Richard W. Newsom currently serves as Executive Vice President of Community Trust Bancorp, Inc. and President of Community Trust Bank, Inc. He will continue in both positions until his planned retirement on February 5, 2027, supporting continuity in leadership at the bank subsidiary.
How large is Community Trust Bancorp (CTBI) in terms of assets?
Community Trust Bancorp reports assets of $6.7 billion. The company is headquartered in Pikeville, Kentucky, and this asset base supports its network of banking locations and trust offices across Kentucky, West Virginia, and Tennessee as described in the announcement.
Where does Community Trust Bancorp (CTBI) operate banking locations?
Community Trust Bancorp operates 69 banking locations in Kentucky, plus six in southern West Virginia and three in northeastern Tennessee. It also maintains four trust offices in Kentucky and one trust office in Tennessee, reflecting a regional community banking footprint.
What SEC items were included in CTBI’s 8-K about the retirement?
The 8-K includes Item 5.02 and Item 7.01. Item 5.02 covers the anticipated retirement of Executive Vice President Richard W. Newsom, and Item 7.01 notes a Regulation FD press release furnished as Exhibit 99.1 describing this planned executive officer change.