Exhibit 99.1


July 14, 2009

                           Press Release

KENTUCKY BANCSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER OF 2009

Paris, Kentucky - Kentucky Bancshares, Inc., parent company of Kentucky
Bank, reported a 1.0% decrease in the second quarter earnings of 2009
compared to the same time period in 2008.  Earnings are $1,471,000, or
fully diluted 2009 earnings per share of $0.53, compared to $1,486,000,
or fully diluted earnings per share of $0.53 for the same three-month
period of 2008.

Year to date earnings were $2,639,000, or $0.96 per share assuming
dilution.  For the same period last year earnings were $2,679,000, or
$0.95 per share assuming dilution.

Kentucky Bank ranks 15th in size among the 180 banks headquartered in
the Commonwealth of Kentucky.  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