Intro – Forcht Bank Reviews & Ranking
AdvisoryHQ recently published its list and review of the top banking firms in Kentucky, a list that included Forcht Bank.
Below we have highlighted some of the many reasons Forcht Bank was selected as one of the best banking firms in Kentucky.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
Forcht Bank Review
Forcht Bank got its start in 1985 when Terry E. Forcht, chairman and CEO of Forcht Bank’s parent company, the Forcht Group of Kentucky, and a group of investors opened their first bank in Corbin, Kentucky. In the years that followed, Mr. Forcht acquired 10 additional Kentucky banks, and, in 2007, they were all consolidated under one charter and the names changed to Forcht Bank.
Today, Forcht Bank boasts 30 banking branch locations across 12 Kentucky counties. The impressive Kentucky bank group proudly employs more than 300 people and holds $1 billion in total assets, making it one of the largest banking groups based in Kentucky.
Source: Forcht Bank
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms
Upon completing our detailed review, Forcht Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors.
Forcht Bank Review: Everyday Heroes Checking Account
Forcht Bank recognizes those that go above and beyond to ensure our safety and guide us in knowledge. To say thank you, this top Kentucky bank offers a special checking account just for those who serve the community as law enforcement, firefighters, EMS, paramedics, active and veteran military, and educators.
This special Everyday Heroes Checking account provides these special citizens with the following benefits:
- Interest-bearing account
- Online and mobile banking
- Bill pay
- Up to 5 foreign ATM fee reimbursements
- First box of checks free
- $50 minimum opening deposit
- Low minimum balance requirement of $100
- 0.25% discount on consumer loan rates
- 0.25% bonus rate on certificates of deposit
- 10% off safe deposit boxes
- Free notary services
Source: Forcht Bank
Forcht Bank Review: Mortgage Products
Forcht Bank is committed to making the path to homeownership as easy as possible, which is why this bank in Kentucky has Forcht Bank mortgage officers available to help customers through every step of the process.
This best Kentucky bank offers an array of mortgage loan products to help customers achieve their dream of becoming homeowners:
- Fixed-rate mortgages
- Adjustable-rate mortgages
- Jumbo mortgages
- VA mortgages
- Balloon mortgages
- FHA mortgages
- USDA/rural housing mortgages
- Construction loans
Forcht Bank Review: Business Loans
Having itself been built on the principals of entrepreneurship, Forcht Bank understands the importance of commitment and the right financial tools to make a business a success.
This top bank in Kentucky offers a variety of small business lending options. It also offers borrowing options for larger businesses along with the knowledge and expertise needed to support large commercial needs.
Business lending options available at this top notch Kentucky bank are:
- Business term loans
- Business line of credit
- Commercial real estate loans
- Construction and development loans
Forcht Bank Review: Wealth Management Services
In today’s competitive world, it is essential to have comprehensive and competitive investment services to help reach long-term financial goals and build wealth. Forcht Bank offers its customers Wealth Management Services for just this reason.
Its financial advisors work with customers to determine which strategies are best-suited for their individual financial needs. Financial services offered at this best bank in Kentucky are as follows:
- Retirement rollovers and transfers
- Retirement planning
- Estate planning
- Wealth transfer
- Financial planning and review
In addition to reviewing the above Forcht Bank review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:
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