Classic Bancshares, Inc. - CLAS- Profile

Classic Bancshares, Inc.. The Group's principal activity is to provide banking services. It attracts deposits from the general public and originates commercial business, consumer and commercial real estate loans. The Group also offers one-to-four family residential mortgages, multi-family and construction loans. The deposit products include certificates of deposits, NOW accounts, money market demand accounts, passbook and club accounts. The products and services are provided through the Group's main office in Ashland, Kentucky and eight branch offices. The Group also invests in mortgage-backed and related securities, investment securities and other permissible investments. On 20-Jun-2003, the Group acquired First Federal Financial Bancorp and its subsidiary, First Federal Savings Bank of Ironton. Accepts deposits from the public & provides residential mortgage, commercial, consumer & real estate loans through subsidiaries