Citizens Union Bank of Shelbyville Shelbyville Kentucky

This is David Dowling he got this place on the problem bank list

They were cited for inadequate management, shocking!

This cat likes to finance vacant land, he is a savvy banker

This is George Borders

George is sitting on $51,000,000 in bad loans

Inadequate asset quality George? Shocking!

Citizens Bank of Shelbyville KY was founded in 1886.  It was nominated to the problem bank list by the FDIC.   It was cited for inadequate management, quality of assets, earnings and capital.  The Texas ratio is a staggering 80%.

Here is the management team they wiped out a 126 year bank

The company has assets of $640MM with equity of $66MM.

The problem loan portfolio is impressive.  They have $3MM in loans past due 30-90 days, with $42MM on non accrual and $18MM in OREO.

With $45MM in problem loans and equity of $66MM, this bank is technically insolvent.

Here is the board?

The non accruals alone could easily wipe out the equity position.

They should put this guy on the board

Why is this company not liquidated?

The one thing they do have is an impressive list of foreclosed properties they need to sell.

Check this out, they have an undevloped 39 acre subdivision, another 33 undeveloped lots for sale, a 34 unit undeveloped sub division and finally 30 more lots for sale in another sub division.

These boys wiped out a 186 year financial institution.

Do any on you developers want to buy some vacant land?

Do you have money in this train wreck?

Double down on the vacant land.

This bank has forgotten to post their financial statements, surprising!

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  Address: 142 Twin Brook Ct.,
City, State: Shelbyville, KY 40065
Description: 2BR, 2BA 1240 Sq. ft. patio homes located minutes from I-64.

Contact: Larry Rodgers – (502) 682-0707
Realtor Link
Status: 
Available for purchase


  Address: 156 Clubhouse Dr.,
City, State: Shelbyville, KY 40065
Description: 2BR, 2BA, 1750 Sq. ft. patio home located minutes from I-64.

Contact: Larry Rogers – (502) 682-0707
Realtor Link
Status: 
Available for purchase


  Address: 10017 Cedar Garden Dr.,
City, State: Louisville, KY 40291
Description: 3BR, 2BA, 1,840 Sq. ft located in Fern Creek just minutes from Gene Snyder freeway.

Contact: Michael Hayes – (502) 821 – 2228
Realtor Link
Status: 
Available for purchase


  Address:  0 Arbor View Ln,

City, State:  Eminence, KY
Description: Nestled in the heart of Eminence is this 56.8 acre tract of land. Currently being used as farm/crop land. This has development potential. Property has been platted and has utilities available for the developer.
Contact: Kristian Ruble -(502) 633-8578
Realtor Link
Status: Available for Sale

Address:  814 Eastwood Fisherville Rd. & 721 Gilliland Rd.
City, State: Louisville, KY40023
Description:  39.8 acres already approved for 85 lot single family community called Hunters Crossing. Access on Eastwood Fisherville Rd and Gilliland Rd.

Contact: Stephanie Gilezan (502) 817-6484
Realtor Link
Status: Available for purchase


Address:  26 Pauls View Place
City, State: Louisville, KY 40228
Description:  Hurstbourne Heights Subdivision- 33 lots sitting in tranquil environment. Lots vary in size w/some fall away lots.

Contact: Joe Guy Hagan (502) 639-0199
Realtor Link
Status:  Available for purchase


  Address: 240 Standing Oak Dr.
City, State: Elizabethtown, KY 42701
Description: New Construction! 3 bedroom 2 bath split floor plan. Nice rear deck and covered porch. 2 car attached garage. Vinyl siding with concrete driveway. This home is ready to occupy.

Contact: Tim Thompson (270) 765-3999
Realtor Link
Status: SOLD


Address: 5 N. Trace Lane,
City, State: Shelbyville, KY 40065
Description: Builders and investors take notice – Dogwood Trace lots w/ no improvements – as is. 4 DUPLEX PADS. Popular one story 2-3 bedroom, 2 bath unit floor plans. Walking distance to shopping and restaurants. Convenient to I-64. Lots 5G-7 & 5G-8 are double pads w/ no improvements.

Contact: Traci Hunter (502) 321-0548
Realtor Link
Status: Available for purchase.


  Address: 7 & 8 Clubhouse Dr.
City, State: Shelbyville, KY 40065
Description: 2 Lots Duplex lots at 7B-7D, 7C-7A, 8D-7B, & 8A-7C in Fairway Crossing Patio Home development.

Contact: Larry Rogers (502)682-0707
Realtor Link
Status: Available for purchase.


Address: Lots 15,16, & 19 Ronnie Layne
City, State, ZIP: Shelbyville, KY,40065
Description:  Lots 15 & 16 have 4 townhome sublots. Lot 19 has 7 sublots.  


Contact: Shawn Willard (502)633-2746
Realtor Link
Status: Available for purchase


Address: 3415 Tucker Wood Ln. (Lot 65
City, State, ZIP: Louisville, KY,40299
Description:  Building Lot in Tucker Lake Estates


Contact: John Milliner (502) 315-1322
Realtor Link
Status: Available for purchase.


Address: 15 Elk Creek Park
City, State, ZIP: Taylorsville, KY, 40071
Description: Nice Corner lot with good visibility and frontage on Hwy 155. Located just north of Taylorsville, Ky in community of Elk Creek.

Contact: Amy Pruitt (502) 802-0802

Realtor Link
Status: Available for purchase.


Address: Lot 9 Foxwood Estates
City, State, ZIP: Shelbyville KY, 40065
Description: Building lot in very nice neighborhood. Only thirteen lots in subdivision with homes ranging from $285,000 to $499,000. Restrictions are implemented to protect your investment.

Contact: Kim Brown (502) 682-3005

Realtor Link
Status: Available for purchase


  Address:  7800 Alfred Schlatter #1 – The Landings
City, State: Louisville , KY 40214
Description: This beautiful 2 bedroom, 2 bath condo had a very open floor plan. It offers a master bath and large kitchen with appliances.

Contact: Stephanie Gilezan (502) 817-6484
Realtor Link
Status: Available for purchase


  Address:  7800 Alfred Schlatter #2 – The Landings
City, State: Louisville , KY 40214
Description: This beautiful 2 bedroom, 2 bath condo has a very open floor plan. It offers a master bath and large kitchen with appliances.

Contact: Stephanie Gilezan (502) 817-6484
Realtor Link
Status: Available for purchase


  Address:  7802 Alfred Schlatter #3 – The Landings
City, State: Louisville , KY 40214
Description: This beautiful 2 bedroom, 2 bath condo has a very open floor plan. It offers a master bath and large kitchen with appliances.

Contact: Stephanie Gilezan (502) 817-6484
Realtor Link
Status: Available for purchase


  Address:  7805 Alfred Schlatter #5 – The Landings
City, State: Louisville , KY 40214
Description: This beautiful 2 bedroom, 2 bath condo has a very open floor plans. It offers a master bath and large kitchen with appliances.

Contact: Stephanie Gilezan (502) 817-6484
Realtor Link
Status: Available for purchase


  Address: 7118 Schneble Circle Land
City, State: Louisville, KY 40214
Description: Already developed land for 80 apartment/condo units. Existing condos on the property already selling for $72,900 – $89,900 price points. Price works out to be $6,000 per unit for the land.

Contact: Stephanie Gilezan (502) 817-6484
Realtor Link
Status: Available for purchase

  Address:  0 Woods Of Harrods Creek – Land
City, State: Crestwood, KY 40014
Description: 18 lot development in Oldham County , streets are in, water, electric, lots range from 1 acre to 4.68 acres, 42.19 acres of open space, views of creek and trees, approx 63 total acres.

Contact: Stephanie Gilezan (502) 817-6484
Realtor Link
Status: Available for purchase


  Address:  4401 Fegenbush Ln
City, State: Louisville , KY 40228
Description: High income producing Self-Service Car Wash in high volume area behind McDonald’s and across from Bill Collins Ford. This property appraised in 2010 for $900,000. Now bank owned and ready to sell. All car wash mechanicals are operational, working and making money!

Contact: Stephanie Gilezan (502) 817-6484
Realtor Link
Status: SOLD


Address: 5079 L&N Turnpike
City, State: Magnolia, KY
Description: 3 Bed, 1 Bath, 1145 sq ft single family home

Contact: Steve Reesor (270) 769-2361
Realtor Link
Status: Available for purchase


Address: 10726 Glenmary Springs Drive
City, State: Louisville, KY
Description: 3 bedroom, 3 bath 1942 sq ft patio home in GLENMARY SPRINGS.  It has an open floor plan that includes a great room with fireplace, Forida room and a patio that is great for entertaining.  1 mile south of GENE SNYDER off Bardstown Rd.
Contact: Mike Hayes  (502) 644-2903
Realtor Link
Status: Available for purchase


Address: 10720 Glenmary Springs Drive
City, State: Louisville, KY
Description: 3 bedroom, 3 bath1750 sq ft. patio home in Glenmary Springs. It has an open floor plan with 1st floor fireplace in the great room sets the tone for a great place to gather with your guests. 1 mile south of Gene Snyder off Bardstown Rd.

Contact: Mike Hayes (502) 644-2903
Realtor Link
Status: Available for purchase


  Address: 226 Twin Spring Ct
City, State: Shelbyville, KY
Description:3 bedroom & 2 bath 1,819 sq ft patio home offers style & sophistication at great price for anyone seeking mainenance free home in great location.  Minutes from I-64.

Contact: Larry Rogers  (888) 409-8725
Realtor Link
Status: Available for purchase


  Address: 2 Twin Spring Ct
City, State: Shelbyville, KY
Description:27 Patio Home Pads / 54 Units for sale in popular & convenient area. Just minutes from I-64 and golf course.

Contact: Larry Rogers  (888) 409-8725
Realtor Link
Status: Available for purchase


  Address: US Highway 421 N

City, State: Greensburg, IN
Description: Land only. Lot 1 consisting of 33 acres zoned residential; Lot 2 consisting of 78 acres zoned heavy commercial.
Contact: Bo Leffel  (317) 639-0441
Realtor Link
Status: Available for purchase


 
Address: 5404 Johnsontown Rd.
City, State: Louisville, KY
Description: 4 bedroom, 1 bath 1092 sq. ft. single family residence. 2 car detached garage.
Contact: Barry Webb (502) 321-4580
Realtor Link
Status: Available for purchase


  Address: 1316 Southgate Ave.

City, State: Louisville, KY
Description: 1400 sq ft., 3 bedroom, 1.5 bath single family residence.
Contact: Barry Webb (502) 321-4580
Realtor Link
Status: Available for purchase


  Address: 4407 E. Pages Ln
City, State: Louisville, KY
Description: 1247 sq. ft., 3 bedroom 1 bath single family residence.  Ready to Move In!! Newly Remodeled with a 2 car detached garage.

Contact: Barry Webb (502) 321-4580
Realtor Link
Status: Available for purchase


Address: 143 & 145 N. Gardiner
City, State: Scottsburg, IN
Description: Commercial Property!! Frontage on Hwy. 31 of 184 highway frontage. 2 story metal building w/1200 sq ft. 1.5 story house w/full, unfinished basement
Contact: Jack Bridgewater  (812) 752-3844
Realtor Link
Status: Available for purchase


Address: 143 & 145 N. Gardiner
City, State: Scottsburg, IN
Description: Commercial Property!! Frontage on Hwy. 31 of 184 highway frontage. 2 story metal building w/1200 sq ft. 1.5 story house w/full, unfinished basement
Contact: Jack Bridgewater  (812) 752-3844
Realtor Link
Status: Available for purchase


Address: 2140 Long Run Road
City, State: Louisville, KY
Description:New Price!! Beautifully renovated home on 5 acres. This old beauty has been updated with new windows, carpet, hardwood flooring, ceramic tiles, paint, bathrooms, patio, deck, new septic tank and more!

Contact: Santosh Bhatt (502) 643-9770
Realtor Link
Status: Available for purchase


Address: 619 West Spring St
City, State:New Albany, IN

Description: Duplex in downtown New Albany. The lower level unit has 3 BR 1 bath & the upper level unit has a 2 BR and 1 bath.
Contact: Rachel Dreyer (502) 386-3669
Realtor Link
Status: Available for purchase


Address: 3405 Taylorsville Rd.
City, State: Taylorsville, KY
Description: 2.80 acres on Taylorsville Rd. located between Elk Creek area and Taylorsville.

Contact: Trish Segrest (502) 439-9877
Realtor Link
Status: Available for purchase


For information on the following development projects contact Jim Long at 633-4450.

  • Dogwood Trace – Shelby Co.
  • Twin Springs – Shelby Co.
  • REVX Holding – Greensburg, IN
  • Cedar Creek Gardens – Jefferson Co.
  • Glenmary Springs – Jefferson Co.
Copyright 2009, Citizens Union Bancorp Member FDIC Equal Housing Lender
Home  |  Contact Us  |  Privacy Statement  |  CRA Notice  |  Patriot Act Notice
Notice of Changes In Temporary FDIC Insurance Coverage for Transaction AccountsAll funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.

This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts (IOLTAs).

For more information about temporary FDIC insurance coverage of transaction accounts visit http://www.fdic.gov.

Account disclosures that include current rates, terms, and fees (if any) are available at any Citizens Union Bank location.

FDIC Electronic Deposit Insurance Estimator (EDIE)
EDIE is used to calculate insurance coverage for all types of deposit accounts offered by FDIC-insured banks. For more information about the FDIC’s Electronic Deposit Insurance Estimator- EDIE visit https://www.fdic.gov/edie.

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