Forcht Group of Kentucky
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| Forcht Group of Kentucky | |
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| Type | Holding company |
| Founded | Nursing home group-1972; Broadcasting group-1981; Banking group-1985 |
| Headquarters | Lexington, Kentucky and Corbin, Kentucky, USA |
| Key people | Terry Forcht, President & CEO |
| Industry | Banking and financial services, insurance, nursing homes and health care, broadcasting and print media, retail, data and Web design services, real estate, construction |
| Total assets | $1.05 billionUSD (2007) (Banking division only) |
| Website | http://www.forchtgroup.com/ |
Forcht Group of Kentucky (pronounced "fork") is an American holding company founded by Terry E. Forcht, with corporate headquarters in Lexington, Kentucky and Corbin, Kentucky. The corporation is consists of 95 separate companies specializing in banking and financial services, insurance, nursing homes and health care, broadcasting and print media, retail, data and Web design services, real estate and construction. Forcht Group of Kentucky officially changed its name from First Corbin Financial Corporation on November 10, 2007. The corporation is notable in that many of the companies are seemingly unrelated, however, many of them complement each other. For example, Forcht's nursing homes buy medicine from the company's pharmacies, and the banks buy furniture from the retail division. [1] The company also sponsors "The Forcht Group of Kentucky Center for Excellence in Leadership" lecture series which began in 2005 at University of the Cumberlands, where Terry Forcht formerly taught business.
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[edit] Forcht Bank
The largest of Forcht Group's businesses is Forcht Bancorp, which is a holding company for Forcht Bank, N.A. which has 34 locations in 11 Kentucky counties with total assets of more than $1 billion. In December 2007, Forcht Bank was formed by merging the 11 banks that Forcht Bancorp owned. The bank's locations were formerly named Boone National Bank, Campbellsville National Bank, Deposit Bank and Trust Co., First National Bank of Lexington, Laurel National Bank, PRP National Bank, Somerset National Bank, Tri-County National Bank, Williamsburg National Bank, and Eagle Bank[1]. Forcht Bank is based in Lexington, and Forcht Bancorp's headquarters is in Corbin and Lexington. The bank's slogan is "The Friendly Face of Banking." Forcht Bank recently signed a three-year agreement with the Kentucky High School Athletic Association (KHSAA) to be the top sponsor for the State Baseball Championship tournament at Applebee's Park in Lexington, Ky.
[edit] Forcht Broadcasting
On April 23, 2008 Forcht Group of Kentucky announced that Key Broadcasting is now Forcht Broadcasting. Forcht Broadcasting currently operates 18 radio stations in Columbia-WAIN-AM and WAIN-FM, London-WFTG-AM, WWEL-FM and WANV-FM, Hopkinsville-WHOP-AM and WHOP-FM, Paintsville-WSIP-AM and WSIP-FM, Somerset-WTLO-AM, Whitesburg-WTCW-AM and WXKQ-FM, Crawfordsville, Indiana-WCVL-AM, WIMC-FM and WCDQ-FM, and Olney, Illinois- WVLN-AM, WSEI-FM and WIKK-FM. Forcht Broadcasting plans to put their 19th station on the air, WYKY-FM in Somerset, later this year. The group also recently opened new studios for WSIP-AM and FM in Paintsville, representing a total investment of $1 million in the Big Sandy area of eastern Kentucky. Forcht Broadcasting stations are affiliates for a variety of pro, college and local sports including the University of Kentucky Sports Network, NASCAR Nextel Cup, Nationwide (formerly Busch), Craftsman Truck and IRL Racing Networks, Cincinnati Reds, St. Louis Cardinals, Nashville Predators, Cincinnati Bengals, Indianapolis Colts and local high school sports.
[edit] List of Companies
BANKING AND FINANCIAL SERVICES
- Forcht Bancorp, which operates 34 banking centers in 11 counties with total assets of more than a billion dollars. [2]
- First Corbin Bank Services, Inc.
- First Financial Appraisals, Inc.
- First Leasing, LLC
- Columbia Bancshares, Inc.*
- 1st Hamburg, LLC
- First Financial Credit, Inc.
- Key Motor Club, LLC
- First Corbin Hedge Fund, LLC
HEALTH CARE
- First Corbin Long Term Care, Inc., which operates nine nursing homes in eastern and southeastern Kentucky:
- Hillcrest Nursing Home, Inc.
- Hazard Nursing Home, Inc.
- Williamsburg Nursing Home, Inc.
- Corbin Nursing Home, Inc.
- Barbourville Nursing Home, Inc.
- Harlan Nursing Home, Inc.
- Knott County Nursing Home, Inc.
- Wolfe County Nursing Home, Inc.
- Hyden Nursing Home, LLC
- Parkway Realty, Inc.
- Forcht Pharmacy [3]
- Forcht Diagnostic Laboratory
- Management Advisors, Inc.
- Health Realty, LLC
- Barbourville Realty, LLC
- Harlan Realty, LLC
- Williamsburg Realty, LLC
- Bacon Creek Realty, LLC
- Hazard Realty, LLC
- Knott County Realty, LLC
- Wolfe County Realty, LLC
- Hyden Nursing Home Realty, LLC
BROADCAST & PRINT MEDIA
- 1st Media, LLC
- Forcht Broadcasting, Inc.
- Key Management, Inc.
- Tri-County Radio Broadcasting, Inc.
- S.I.P Broadcasting, Inc.
- T.C.W. Broadcasting, Inc.
- C.V.L. Broadcasting, Inc.
- V.L.N. Broadcasting, Inc.
- F.T.G. Broadcasting, Inc.
- P.R.S. Broadcasting, Inc.
- H.O.P. Broadcasting, Inc.
- HOP Realty, LLC
- SIP Realty, LLC
- FTG Realty, LLC
- The Whitley Whiz, Inc., which publishes the Corbin and Williamsburg News Journal[4]
- The Hamburg Home Journal, LLC [5]
INSURANCE
- Kentucky National Insurance Company [6]
- Forcht Insurance Agency, LLC [7]
- Hamburg Insurance, LLC
- Corbin Insurance, LLC
- First Kentucky Insurance, LLC
- Kentucky Home Life *
RETAIL
- My Favorite Things, LLC [8]
- First Jewelry and Gifts, Inc.
TECHNOLOGY
- Key Technology, LLC
- eDrive Media. LLC [9]
- Input Data, LLC
- BSC Data, LLC
SERVICE GROUP
- First Construction, LLC
- First Construction Landscaping, LLC
- Terry E. Forcht S/P
- Key Association S/P
- Key Management S/P
- First Corbin Investment S/P
- First Corbin Financial.com, Inc.
REAL ESTATE
- First Corbin, LLC
- Second Corbin, LLC
- Old Rosebud, LLC
- Billy Town Realty, LLC
- First Corbin Realty, LLC
- Forrest Hills, LLC
- Land Company of Columbia, Inc.
- Forcht Investment S/P
- Land Company of Corbin, Inc.
- I.P. Realty, LLC
- Queen Hill, LLC
- Land Company of Danville, Inc.
- MA Realty, LLC
- Radio IAI, LLC
- Duke Publishing, LLC
- First Air, LLC
- Huff, Farmer and Forcht PTR*
- Huff & Associates, LLC*
- Forcht & Patrick PTR*
- Forcht, Patrick & Frazier PTR*
*Minority ownership
