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We are Community Trust and Investment Company (CTIC), headquartered in Lexington, KY. Our President and CEO is Andy D. Waters. We are one of the largest independent trust companies in Kentucky with assets under management of over $2.1 billion and total assets of $2.4 billion. We are a subsidiary of Community Trust Bancorp Inc., which traces its roots back to 1903, its trust powers back to 1936, and its brokerage services back to 1998. Community Trust Bancorp, Inc. (CTBI) is an independent, Kentucky-based bank holding company and is headquartered in Pikeville, Kentucky. Community Trust owns a well-earned reputation for honesty and integrity. Clients have trusted our parent company with their financial affairs for over a century, and CTIC continues that tradition.
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We have been devoted to the public welfare of the Hudson Valley since February 1st, 1871, when twenty-one citizens of Saugerties petitioned New York State for a charter as the Board of Trustees of Saugerties Savings Bank. The name changed to Sawyer Savings Bank in 1973 — weathering all business cycles and growing ever since. The bank doesn`t have stockholders. All its assets are held in a trust exclusively for the benefit of its depositors — you. We invest those deposits in the community: building homes, creating jobs, aiding capital expansion and helping the area and its people to grow and prosper.
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