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)
November 1,1996
PIKEVILLE NATIONAL CORPORATION
(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)
Item 5. Resignation of Director, Chief Executive Officer and
President
Terry N. Coleman resigned as a Director and from the
offices of Chief Executive Officer and President of
Pikeville National Corporation effective November 1, 1996.
See Exhibit 5.
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.
Pikeville National Corporation
November 4, 1996 By: Richard M. Levy
Richard M. Levy
Executive Vice President
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit Sequentially Numbered Page
5 Pikeville National Corporation 5
Press Release dated November 1, 1996
Exhibit 5
FOR IMMEDIATE RELEASE
November 1, 1996
FOR ADDITIONAL INFORMATION PLEASE CONTACT BURLIN COLEMAN,
CHAIRMAN, PIKEVILLE NATIONAL CORPORATION AT (606) 437-3276
Terry Coleman, President and C.E.O. of Pikeville
National Corporation resigned his position to be effective
November 1, 1996, to pursue other personal opportunities.
Mr. Coleman became Chief Executive Officer of the
Corporation on January 1, 1995.
Mr. Coleman stated, "Decisions such as these are always
extremely difficult, but my family and I feel comfortable
with the road we're taking and are excited about our future.
Pikeville National has been the focus of my life for the
last 14 years, but the fact that the company is enjoying
record profitability and has tremendous potential makes it
an opportune time for me to turn over my responsibilities to
an extremely talented management team and staff.
The Board elected Burlin Coleman, Chairman of the
Board, to the additional office of President and Chief
Executive Officer to serve until a successor is named. Mr.
Coleman retired as the Chief Executive Officer on December
31, 1994, but continued to serve as the board's chairman.
Burlin Coleman said, "The corporation will continue the
process of consolidation of operations and merger of its
affiliate banks. The merger of the banks will take place on
January 1, 1997, as scheduled. The consolidation of
operations is scheduled to be completed by the end of 1997.
The name of the corporation changes to Community Trust
Bancorp, Inc., and most of its affiliate banks will change
to Community Trust Bank, NA on January 1, 1997, as
scheduled."
Burlin Coleman added, "The Board accepted Terry's
resignation reluctantly. Terry has served the corporation
with dedication and vision. We regret he is leaving and
wish him the utmost success as he pursues new
opportunities."