Exhibit 99.1


October 9, 2007

                           Press Release

KENTUCKY BANCSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER OF 2007

Paris, Kentucky - Kentucky Bancshares, Inc., parent company of Kentucky
Bank, reported a 9% increase in year to date earnings through the third
quarter of 2007 compared to the same time period in 2006.  Year to date
earnings are $5,150,000, or fully diluted 2007 earnings per share of
$1.79, compared to $4,723,000, or fully diluted earnings per share of
$1.72 for the same nine-month period of 2006.

The Company earned $1,670,000 for the quarter ended September 30,
compared to $1,714,000 for the same period last year.  Fully diluted
earnings per share for the same period declined from 60 cents to 58
cents.

Kentucky Bank ranks 12th in size among the 196 banks headquartered in
the state.  Kentucky Bank is headquartered in Paris and also has
offices in Cynthiana, Georgetown, Morehead, Nicholasville, North
Middletown, Sandy Hook, Versailles, Wilmore and Winchester.


Contact:  Gregory J. Dawson
          Chief Financial Officer
          859-987-1795