Community Trust Bancorp, Inc. announced that the Board of Directors have unanimously elected M. Lynn Parrish as Chairman of the Board of the company. In addition, Mark A. Gooch, current President, was elected as Vice Chairman of Community Trust Bancorp, Inc. David Tackett was elected Executive Vice President of Community Trust Bancorp, Inc. Wayne Hancock was elected Secretary of Community Trust Bancorp, Inc. All of the above officer elections are effective on February 7, 2022, the date of the retirement of the current Chairman and CEO, Jean R. Hale, as previously announced in July 2021. These elections are representative of CTBI's attention to strong succession management.

Mr. M. Lynn Parrish has served as lead independent director of Community Trust Bancorp, Inc. since January 25, 2005 and has been a member of the Board since 1993. Mr. Parrish is currently serving as Chairman of the Compensation Committee and is a member of the Audit and Asset Quality Committee, Nominating and Corporate Governance Committee, Executive Committee, and Risk and Compliance Committee. Mr. Parrish is a diversified entrepreneur having co-founded numerous companies involved in mineral development, engineering, software development, technology, and media.

Mr. Gooch was named President of Community Trust Bancorp, Inc. in July 2021 and previously served as President and CEO of CTBI's primary subsidiary, Community Trust Bank, Inc. Mr. Hancock is currently an Executive Vice President and corporate counsel for Community Trust Bancorp, Inc. and has been with CTBI for 13 years. Previously, he was an attorney in private practice for six years and a public defender for two years.