NEWS RELEASE
CONTACT:
Donn Dunker
(812) 981-7356
FOR IMMEDIATE RELEASE
Community Bank Shares of Indiana, Inc. announces the appointment of James D.
Rickard as President and CEO
NEW ALBANY, Ind. (Aug. 17, 2000) - James D. Rickard has joined Community
Bank Shares of Indiana, Inc. as President and CEO, the company announced today.
Rickard brings 26 years of banking experience to his new position. He was
most recently President and CEO of Union Planters Bank in Corbin, Ky.
"Jim is an excellent choice to lead our organization as we continue to
grow," said Tom Young, Chairman of the Board for Community Bank Shares of
Indiana, Inc. "His energy, leadership skills and banking expertise will generate
considerable value for our customers, shareholders and the community at large."
"Community Bank Shares of Indiana is a wonderful opportunity for me, and
I'm very happy to be part of this organization," Rickard added. "I look forward
to sharing my experience with a company that's committed to the value of
customer service and strong growth. I believe my experience in leading community
banks during times of growth and change is an excellent prerequisite for this
position."
(More)
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Community Bank Shares of Indiana, Inc. - Page Two
Rickard, 46, served as CEO of the former Southeast Bancorp Inc., and was
President and CEO of the company's flagship bank, First National Bank of Corbin,
Ky. He continued his role as President and CEO of the lead bank upon the
acquisition of Southeast Bancorp by Union Planters Corporation. Prior to joining
Southeast Bancorp, he served as President of two community banks in Kentucky and
held senior management positions with other banks in Kentucky as well as Texas.
Rickard earned a bachelor's degree in business administration from the
University of Kentucky and completed the Graduate Banking School of the South at
Louisiana State University.
Active in the community, Rickard's board memberships include Union College
of Barbourville, Ky. and Baptist Healthcare Systems of Louisville, Ky. He is
also a past President of the Corbin Chamber of Commerce and was a board member
of the Tri-County Industrial Commission and Baptist Regional Medical Center and
Hospital in Corbin, where he served as Chairman of the Board. He is a member of
the 1992 class of Leadership Kentucky. Rickard and his wife, Yvonne, live in
Floyds Knobs, Ind. and have four children.
He succeeds Michael L. Douglas, who will serve as Executive Vice President
and Chief Operating Officer for Community Bank Shares of Indiana, Inc. and
President and Chief Executive Officer for Community Bank until Douglas'
retirement in early 2001.
Headquartered in New Albany Ind., Community Bank Shares of Indiana, Inc.
(NASDAQ: CBIN) is a bank holding company with consolidated assets of $408
million as of June 30, 2000. The company owns three full-service bank
subsidiaries, including Community Bank and Heritage Bank in Southern Indiana and
Community Bank of Kentucky in Bardstown, Ky.
