A BRIEF HISTORY OF INEZ DEPOSIT BANK,FSB
The First National
Bank of Lousia, now Inez Deposit Bank, FSB, was founded in 1891 and is the oldest bank in Lawrence County. The development of the bank has paralleled the growth of Lawrence County and the surrounding area. Throughout the early and middle portions of the twentieth century, the bank experienced a modest but steady growth.
In 1972, a spacious new bank office was constructed in downtown Louisa. The booming coal operations in the surrounding areas generated a period of growth for the bank from the early seventies until the mid-eighties. The bank was acquired by Community Holding Company in 1985 and has continued to grow with the area. In 1997, the charter was converted to a Federal Savings Bank and the bank's name became Inez Deposit Bank, FSB. The bank opened a branch in Pikeville in 1998. The ownership of Inez Deposit Bank, FSB was acquired by Community Thrift Holding Company,
an affiliate of Community Holding Company, in April, 1999.
