Exhibit 99.1


January 17, 2008

                           Press Release

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

Paris, Kentucky - Kentucky Bancshares, Inc., parent company of Kentucky
Bank, reported a 1.5% increase in year to date earnings through the
fourth quarter of 2007 compared to the same time period in 2006.  Year
to date earnings are $6,586,000, or fully diluted 2007 earnings per
share of $2.31, compared to $6,486,000, or fully diluted earnings per
share of $2.35 for the same twelve-month period of 2006.

The Company earned $1,436,000 for the quarter ended December 31,
compared to $1,763,000 for the same period last year.  Fully diluted
earnings per share for the same period declined from 62 cents to 51
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