- Business
- Poage Bankshares, Inc. (PBSK) operates as the savings and loan holding company for Town Square Bank, a federal savings association providing community banking services to individuals, families, businesses, and rural and urban communities primarily in Kentucky, with select operations extending to Virginia and southeastern Ohio; deposit products include passbook savings, statement savings, NOW accounts, demand deposits, business checking, and money market accounts; loan products encompass first lien one- to four-family residential mortgages, commercial real estate loans, construction loans, business loans, and consumer loans. Headquartered in Ashland, Kentucky, the company traces its origins to 1889 when its banking subsidiary was chartered as Home Federal Savings and Loan Association, with Poage Bankshares itself incorporated in 2011 to serve as the holding entity following a mutual-to-stock conversion. In December 2018, Poage Bankshares completed its acquisition by City Holding Company in a $93.3 million all-stock transaction, through which Town Square Bank merged into City National Bank of West Virginia, resulting in Poage shareholders receiving 0.335 shares of City Holding common stock per Poage share and marking the delisting of PBSK from Nasdaq.