A nonprofit publication of the Kentucky Center for Public Service Journalism

Stock Yards Bank & Trust acquires Kentucky Bank, expanding big services, community-bank approach

Stock Yards Bank & Trust Company, which has offices in Northern Kentucky, has entered into a definitive agreement to acquire Kentucky Bank, based in Paris. “Our customers – individuals and businesses – are growing and we are excited to grow with them,” said James A. (Ja) Hillebrand, Chairman and Chief Executive Officer of Stock Yards Bank & Trust. “The combination of the two companies...

Building Kentucky: COVID pandemic transforms air cargo industry — and it’s thriving at CVG

By Hayley Robb Building Kentucky Airports across the U.S. are devoting more space to freight shipment as online shopping surges in the pandemic and transforms the industry. And one of the largest hubs is coming to Kentucky. The Cincinnati/Northern Kentucky International Airport (CVG) has been experiencing a 60% drop in passenger traffic with 15,000 fewer people arriving and departing from the airport...

Gasoline demand takes big jump, but less immediate impact seen at pump; Kentucky prices up 3 cents

Gasoline demand has jumped from 7.53 million barrels per day to 8.11 million barrels per day, according to the latest Energy Information Administration (EIA) measurement. A jump in demand that large typically causes a comparable rise at the pump, due to a corresponding decrease in supply. But surprisingly, the recent increase in demand had little impact on gasoline supply and only minimal impact on...

Cove Federal Credit Union offering free financial aid seminary; take the mystery out of paying for college

Cove Federal Credit Union is offering a free online financial aid seminar to take the mystery out of paying for college. It is a virtual program open to all high school families on Tuesday, Feb. 2, 7-8 p.m. Sign up here. The Financial Aid process can be confusing even for the most “money savvy” parent or student. In this workshop, college expert Dan Bisig will unravel the mystery surrounding...

New Current HR offering broad range of services to regional markets, led by Charlie Vance

Current HR – a newly-formed team of experienced Human Resources (HR), legal, and accounting professionals – has launched a Professional Employer Organization (PEO) serving regional markets in Ohio, Kentucky, and Indiana, as well as other markets in the Midwest and Southeast regions.   Current HR is led by CEO Charlie Vance and COO Megan O’Brien, who are veterans of the HR and PEO industries. Partners...

Legion Logistics moves to a 5,000 sq. ft. office space at Newport on the Levee, poised for growth

Kentucky-based third-party logistics provider Legion Logistics LLC will occupy a 5,000-square-foot, Class A office space at Newport on the Levee, a mixed-use community. Vice President Todd Pease and Executive Vice President Rusty Myers of JLL, a professional services firm, led the transaction on behalf of the landlord, North American Properties. SqFt Commercial’s Jacob Stammen represented...

KY Supreme Court says no rehearing on historical horse racing: not pari-mutuel wagering and is illegal

By Tom Latek Kentucky Today The Kentucky Supreme Court has denied a motion for a rehearing on their decision issued last fall that stated historical horse racing is not pari-mutuel wagering and is therefore illegal under state law, ending a decade long legal battle. 
Last September, the justices issued an opinion written by Justice Laurance VanMeter. Five of the six other justices agreed with the...

U.S. Customs in Erlanger and Louisville seize millions in counterfeit Cartier bracelets, rings

By Tom Latek Kentucky Today U.S. Customs and Border Protection officers at two Kentucky offices halted two shipments arriving from Hong Kong, which contained more than 800 counterfeit designer bracelets, worth over $8.7 million. Officers at the Port of Cincinnati, located in Erlanger, detained two parcels heading to a residence in West Palm Beach, Florida. Fake jewelry, seized. (CBC photo) They inspected...

CVG continues success with reducing airfares; U.S. Dept. of Transportation says it has lowest in region

For the last four years, CVG has consistently had the lowest airfares in the region saving passengers an average of $150 per ticket. The U.S. Department of Transportation released its average airfare ranking report for the third quarter of 2020, covering July through September. CVG has maintained its position as low-fare leader in the region providing the most nonstop flight options. CVG’s average...

Northern Kentucky Young Professionals name Steering Committee; Ellen Bates is chair

Northern Kentucky Young Professionals (NKYP) has announced the members of its 2020-21 Steering Committee. Representing young professional leaders from across the region, the Steering Committee’s term began in September 2020 with a goal to provide guidance, lend support, and share feedback about themes and topics that are most important to the region’s young professionals and programming offered...

Business Briefs: Vaidya named to Cinci Fed board, Christopher & Banks closing, DHL Law honored, etc.

NKU President Vaidya named to Fed Cincinnati board Ashish Vaidya Ashish Vaidya, president of Northern Kentucky University, has been named to the board of the Cincinnati Branch of the Cleveland Federal Reserve. Others appointed to the Cincinnati board were Rachid Abdallah, chair and chief executive officer, Jedson Engineering, Alfonso Cornejo, president, Hispanic Chamber Cincinnati USA, and David Evans,...

Dana Dobbs named NKY Chamber Women’s Initiative Debbie Simpson Spirit of Achievement Award winner

The Northern Kentucky Chamber Women’s Initiative will recognize Dana Dobbs as the recipient of the eighth annual Debbie Simpson Spirit of Achievement Award. The award, which will be presented at the Women’s Initiative 12th Annual Breakfast, sponsored by PNC on Tuesday, Feb. 2, honors women involved in the Northern Kentucky Chamber Women’s Initiative (WI) who have made a significant impact upon...

Marshall Auto Group purchases Earl Floyd Ford in Carrollton, adding to its growing business

Rob Marshall of Marshall Auto Group, has acquired Earl Floyd Ford in Carrolton. At the closing of the purchase The Marshall Auto Group owns Marshall Chevrolet in Carrollton as well as four auto dealerships in Northern Kentucky. The Earl Floyd Ford dealership is on U.S. 227 in Carrollton. “We’re thrilled to continue this dealership’s great tradition of serving customers throughout this area,”...

Kentucky housing market starts year on strong note; buyers grapple with affordability

Fifty-three percent of Kentucky Realtors anticipate higher sales volume over the next 12 months, according to the December 2020 edition of the HousingIQ Survey of Kentucky Realtors. Sixty percent of the 242 Realtors from across Kentucky, anticipate an increase in short sales over the next 12 months. “This is a market that is being buoyed by low interest rates and sustained by lack...

Keven Moore: Can employers force workers to receive COVID-19 vaccine without assuming risks?

At unprecedented speed, the COVID-19 vaccine was developed to help us fight and stop the current pandemic that grips the world. I have friends, co-workers, family and colleagues on both sides of the spectrum if they trust it, and if they plan to receive the vaccine. I am not here to debate that argument, but for the record, I intend to research the vaccine further, but I do plan to receive the vaccine...