COMMUNITY TRUST BANCORP INC/
8-K, 1998-01-16
NATIONAL COMMERCIAL BANKS
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5

                              
                              
                              
                              
                              
             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)
                       January 7, 1998
                              
                              
                COMMUNITY TRUST BANCORP, INC.
   (Exact name of registrant as specified in its charter)
                              
     Kentucky             0-11129            61-0979818
     (State or other    (Commission       (IRS Employer
     jurisdiction of    File Number)     Identification
     incorporation)                           No.)

     208 North Mayo Trail
     Pikeville, Kentucky                          41501
     (Address of principal executive offices)   (Zip Code)

     Registrant's telephone number, including area code:
                         (606) 432-1414

                       Not Applicable
     (Former name or former address, if changed since last
report)
<PAGE>

Item 5. Resignation of Chief Financial Officer

     Richard M. Levy resigned as Executive Vice President
and Chief Financial Officer of Community Trust Bancorp, Inc.
effective February 2, 1998.

     See Exhibit 1.
<PAGE>

                         Signatures
                              
     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 thereunto  duly
authorized.




                             Community Trust Bancorp, Inc.




January 16, 1998             By: Burlin Coleman
                             Burlin Coleman
                             Chairman of the Board
                             President & CEO
<PAGE>

                      INDEX TO EXHIBITS
                              
                              
Exhibit                                           Sequentially Numbered Page

1         Community Trust Bancorp, Inc.                  5
          Press Release dated January 7, 1998
<PAGE>

Exhibit 1

FOR IMMEDIATE RELEASE
January 7, 1998

FOR FURTHER INFORMATION CONTACT BURLIN COLEMAN, CHAIRMAN,
COMMUNITY TRUST BANCORP, INC., AT 606-437-3276

Richard M. Levy, Executive Vice President and Chief
Financial Officer of Community Trust Bancorp, Inc., has
resigned his position effective February 2, 1998.  Mr. Levy
has accepted a position as controller with a Top Twenty
financial institution on the west coast closer to his
hometown.  This announcement came from Burlin Coleman,
Chairman of Community Trust Bancorp, Inc.

Mr. Coleman said, "Rick is a talented banker who has added
value to our company.  His hard work and experience has
prepared him well for his new position with a company many
times our size.  We wish him every success."




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