Whitaker Bank Corporation
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Whitaker Bank Corporation
Whitaker Bank Corporation, or just Whitaker Bank, is a state bank headquartered in Lexington, Kentucky, and operates its 44 locations throughout Central and Eastern Kentucky. The bank was founded in 1978 by Elmer Whitaker when he bought three bank charters in Central and Eastern Kentucky. The bank grew through acquisitions of competitors and, in 2014 at the death of his founder, was among the largest banks in the state with over 500 employees and 2 billion dollars in assets. From 2011 until 2021, the company owned the naming rights to Whitaker Bank Ballpark Counter Clocks Field is a ballpark in Lexington, Kentucky. It is primarily used for baseball, and is the home field of the Lexington Counter Clocks (formerly the Legends) of the Atlantic League of Professional Baseball, an official Partner Leagu .... References {{reflist Banks based in Kentucky Banks established in 1978 ...
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Parent Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Lexington, Kentucky
Lexington is a city in Kentucky, United States that is the county seat of Fayette County, Kentucky, Fayette County. By population, it is the List of cities in Kentucky, second-largest city in Kentucky and List of United States cities by population, 57th-largest city in the United States. By land area, it is the country's List of United States cities by area, 28th-largest city. The city is also known as "Horse Capital of the World". It is within the state's Bluegrass region. Notable locations in the city include the Kentucky Horse Park, The Red Mile and Keeneland race courses, Rupp Arena, Central Bank Center, Transylvania University, the University of Kentucky, and Bluegrass Community and Technical College. As of the 2020 United States census, 2020 census the population was 322,570, anchoring a Lexington-Fayette, KY Metropolitan Statistical Area, metropolitan area of 516,811 people and a Lexington-Fayette-Frankfort-Richmond, KY Combined Statistical Area, combined statistical ar ...
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Whitaker Bank Ballpark
Counter Clocks Field is a ballpark in Lexington, Kentucky. It is primarily used for baseball, and is the home field of the Lexington Counter Clocks (formerly the Legends) of the Atlantic League of Professional Baseball, an official Partner League of Major League Baseball. It was built in 2001. It holds 6,994 people. Features Wild Health Field is modeled after larger minor-league and major-league stadiums. It features the "Pepsi Party Deck" over the right field wall. This area is available to rent by groups. Along the first base line is the " Budweiser Stables," where fans can order beer and watch a game from an area of picnic tables. Behind home plate and accessible from the stadium's main entrance, the "Kentucky Ale Taproom" restaurant caters to members and guests with passes. The third base line features a small but popular area for families to watch the games. This area includes a kids area with a playground, bouncer and obstacle course. The bleachers, behind left field, h ...
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Banks Based In Kentucky
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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