Forcht Group of Kentucky

Infobox_Company
company_name = Forcht Group of Kentucky
company_
company_type = Holding company| company_slogan = "Many Companies, One Vision"
foundation = Nursing home group-1972; Broadcasting group-1981; Banking group-1985
location = Lexington, Kentucky and Corbin, Kentucky, USA
key_people = Terry Forcht, President & CEO, Debbie Reynolds, Chief Operations Officer, Roger Alsip, Chief Financial Officer, Ted Forcht, Rodney Shockley and Mark Terry, Directors, Corporate Board
number_of_employees = 2,100 (2008)
industry = Banking and financial services, insurance, nursing homes and health care, broadcasting and print media, retail, data and Web design services, real estate, construction
products =
assets = $1.012 billionUSD (2008) (Banking division only)
net_income =
homepage = http://www.forchtgroup.com/

Forcht Group of Kentucky "(pronounced "fork")" is an American holding company founded by Terry E. Forcht, with corporate headquarters in Lexington, Kentucky and Corbin, Kentucky. The corporation employs more than 2,100 people in 95 separate companies specializing in banking and financial services, insurance, nursing homes and health care, broadcasting and print media, retail, data and Web design services, real estate and construction. Forcht Group of Kentucky officially changed its name from First Corbin Financial Corporation on November 10, 2007. The corporation is notable in that many of the companies are seemingly unrelated, however, many of them complement each other. For example, Forcht's nursing homes buy medicine from the company's pharmacies, and the banks buy furniture from the retail division. [cite news |publisher="Lexington Herald Leader" |title=Businesses Man |date=2007-11-12 |last=Jordan |first=Jim] The company also sponsors "The Forcht Group of Kentucky Center for Excellence in Leadership" lecture series which began in 2005 at University of the Cumberlands, where Terry Forcht formerly taught business.

Forcht Bank

The largest of Forcht Group's businesses is Forcht Bancorp, which is a holding company for Forcht Bank [http://www.forchtbankky.com] which has 34 locations in 11 Kentucky counties with total assets of more than $1 billion ranking it among the top 10 Kentucky-based banks in the Commonwealth. In December 2007, Forcht Bank was formed by merging the 11 banks that Forcht Bancorp owned. The bank's locations were formerly named Boone National Bank, Campbellsville National Bank, Deposit Bank and Trust Co., First National Bank of Lexington, Laurel National Bank, PRP National Bank, Somerset National Bank, Tri-County National Bank, Williamsburg National Bank, and Eagle Bank [http://louisville.bizjournals.com/louisville/stories/2006/12/25/daily24.html] . Forcht Bank is based in Lexington, and Forcht Bancorp's headquarters is in Corbin and Lexington. The bank's slogan is "The Friendly Face of Banking." Forcht Bank recently signed a three-year agreement with the Kentucky High School Athletic Association (KHSAA) to be the top sponsor for the State Baseball Championship tournament at Applebee's Park in Lexington, Ky.

Forcht Bank recently received a five-star “superior” ranking from Florida based BauerFinancial, Inc., [http://www.bauerfinancial.com/] the nation’s leading independent bank rating and research firm. It is the sixth consecutive time in as many quarters that Forcht Bank has received BauerFinancial’s highest rating and the 15th consecutive quarter that BauerFinancial has recommended Forcht Bank based on its safety and soundness.

Forcht Broadcasting

On April 23, 2008 Forcht Group of Kentucky announced that Key Broadcasting is now Forcht Broadcasting. Forcht Broadcasting currently operates 18 radio stations in Columbia-WAIN-AM and WAIN-FM, London-WFTG-AM, WWEL-FM and WANV-FM, Hopkinsville-WHOP-AM and WHOP-FM, Paintsville-WSIP-AM and WSIP-FM, Somerset-WTLO-AM, Whitesburg-WTCW-AM and WXKQ-FM, Crawfordsville, Indiana-WCVL-AM, WIMC-FM and WCDQ-FM, and Olney, Illinois- WVLN-AM, WSEI-FM and WIKK-FM. Forcht Broadcasting plans to put their 19th station on the air, WYKY-FM in Somerset, later this year. The group also recently opened new studios for WSIP-AM and FM in Paintsville, representing a total investment of $1 million in the Big Sandy area of eastern Kentucky. Forcht Broadcasting stations are affiliates for a variety of pro, college and local sports including the University of Kentucky Sports Network, NASCAR Nextel Cup, Nationwide (formerly Busch), Craftsman Truck and IRL Racing Networks, Cincinnati Reds, St. Louis Cardinals, Nashville Predators, Cincinnati Bengals, Indianapolis Colts and local high school sports.

List of Companies

BANKING AND FINANCIAL SERVICES
*Forcht Bancorp, which operates 34 banking centers in 11 counties with total assets of more than a billion dollars. [http://www.forchtbankky.com/]
*First Corbin Bank Services, Inc.
*First Financial Appraisals, Inc.
*First Leasing, LLC
*Columbia Bancshares, Inc.*
*1st Hamburg, LLC
*First Financial Credit, Inc.
*Key Motor Club, LLC
*First Corbin Hedge Fund, LLC

HEALTH CARE

*First Corbin Long Term Care, Inc., which operates nine nursing homes in eastern and southeastern Kentucky:
**Hillcrest Nursing Home, Inc.
**Hazard Nursing Home, Inc.
**Williamsburg Nursing Home, Inc.
**Corbin Nursing Home, Inc.
**Barbourville Nursing Home, Inc.
**Harlan Nursing Home, Inc.
**Knott County Nursing Home, Inc.
**Wolfe County Nursing Home, Inc.
**Hyden Nursing Home, LLC
*Parkway Realty, Inc.
*Forcht Pharmacy [http://www.forchtpharmacy.com/]
*Forcht Diagnostic Laboratory
*Management Advisors, Inc.
*Health Realty, LLC
*Barbourville Realty, LLC
*Harlan Realty, LLC
*Williamsburg Realty, LLC
*Bacon Creek Realty, LLC
*Hazard Realty, LLC
*Knott County Realty, LLC
*Wolfe County Realty, LLC
*Hyden Nursing Home Realty, LLC

BROADCAST & PRINT MEDIA

*1st Media, LLC
*Forcht Broadcasting, Inc.
**Key Management, Inc.
**Tri-County Radio Broadcasting, Inc.
**S.I.P Broadcasting, Inc.
**T.C.W. Broadcasting, Inc.
**C.V.L. Broadcasting, Inc.
**V.L.N. Broadcasting, Inc.
**F.T.G. Broadcasting, Inc.
**P.R.S. Broadcasting, Inc.
**H.O.P. Broadcasting, Inc.
**HOP Realty, LLC
**SIP Realty, LLC
**FTG Realty, LLC
*The Whitley Whiz, Inc., which publishes the Corbin and Williamsburg News Journal [http://www.corbinnewsjournal.com/]
*The Hamburg Home Journal, LLC [http://www.hamburgjournal.com]

INSURANCE

*Kentucky National Insurance Company [http://www.kynatins.com/]
*Forcht Insurance Agency, LLC [http://forchtinsurance.com/]
*Hamburg Insurance, LLC
*Corbin Insurance, LLC
*First Kentucky Insurance, LLC
*Kentucky Home Life *

RETAIL

*My Favorite Things, LLC [http://www.mftky.com/]
*First Jewelry and Gifts, Inc.

TECHNOLOGY

*Key Technology, LLC
*eDrive Media. LLC [http://www.edrivemedia.com/]
*Input Data, LLC
*BSC Data, LLC

SERVICE GROUP

*Forch Construction, LLC
*First Construction Landscaping, LLC
*Terry E. Forcht S/P
*Key Association S/P
*Key Management S/P
*First Corbin Investment S/P
*First Corbin Financial.com, Inc.

REAL ESTATE

*First Corbin, LLC
*Second Corbin, LLC
*Old Rosebud, LLC
*Billy Town Realty, LLC
*First Corbin Realty, LLC
*Forrest Hills, LLC
*Land Company of Columbia, Inc.
*Forcht Investment S/P
*Land Company of Corbin, Inc.
*I.P. Realty, LLC
*Queen Hill, LLC
*Land Company of Danville, Inc.
*MA Realty, LLC
*Radio IAI, LLC
*Duke Publishing, LLC
*First Air, LLC
*Huff, Farmer and Forcht PTR"*"
*Huff & Associates, LLC"*"
*Forcht & Patrick PTR"*"
*Forcht, Patrick & Frazier PTR"*"

"*Minority ownership"

References

External links

* [http://www.forchtgroup.com/ Forcht Group homepage]
* [http://www.forchtbankky.com/ Forcht Bank homepage]
* [http://www.kybiz.com/articles/article.cfm?id=476 Article on Terry Forcht in March 2008 issue of The Lane Report]
* [http://www.kentucky.com/454/story/228305.html Story on Terry Forcht and Forcht Group in the Lexington Herald-Leader]
* [http://newsjournals.com/index.php?fn=stories&front=Array&detail=1199370937 "Corbin, Williamsburg banks now named for founder"]
* [http://www.allbusiness.com/finance/474705-1.html Article on First Corbin published in the ABA Banking Journal]