Tuesday, September 23, 2003

Morning memo

The Cincinnati Enquirer

Today's number: 38

Help-wanted advertising index in July, unchanged from June and down from 44 in July last year, the Conference Board, a New York-based business research firm, said in its survey of 51 large U.S. newspapers.

Today's mover

Jonathan "Jay" Jarvis has been appointed investment services representative at Oak Hill Banks. Jarvis will be responsible for mutual funds, annuities, stocks and bonds, life insurance, Roth and traditional IRA's, college planning investments, and retirement plans for all size businesses. He has over 14 years of experience in the investment industry. His previous professional experience includes positions with Touchstone Mutual Funds, Carillon Investments, Ohio Casualty, and Fidelity Investments.

Today's career talk

Need to jump-start some ideas? The best way to do it is to create teams that are more unalike than they are alike, contends Robert J. Kriegel in his book How to Succeed in Business Without Working so Damn Hard. "When asked where new ideas came from Nicholas Negroponte, the head of MIT's Media Lab, said that's easy. From differences. Creativity comes from unlikely juxtapositions. The best way to maximize differences is to mix ages, cultures and disciplines."

Today's money tip

An annuity is one method of saving designed to generate future retirement income. But understanding how annuities work is not always easy. There are different types of annuities and tax rules that accompany them. To help sort out questions about annuities, several Web sites offer a range of information. If you're interested in this retirement income option, you might want to visit Annuity Advantage at www.annuityadvantage.com. It covers a wide range of annuity-related topics and issues.

Today's company: The Bank of Kentucky

ON THE FAST TRACK: This financial institution has grown tremendously in its 13 years of existence. Starting in 1990 as The Bank of Boone County, it was combined with Burnett Federal Savings Bank in 1995 and its name changed to The Bank of Kentucky. Since then, it has acquired Fort Thomas Savings Bank and, in 2002, the selected assets and deposits of Peoples Bank of Northern Kentucky.

GREEN GROWTH: Based in Crestview Hills, The Bank of Kentucky Financial Corp. now has $779 million in assets and serves as The Bank of Kentucky's holding company. From 1997 through the end of 2002, it averaged an increase of at least 20 percent in assets, deposits, loans, earnings and earnings per share. Its share price has increased nearly 300 percent during the same period.

BANKING BOOM: The bank's 25 branch offices and 34 ATMs serve Boone, Campbell, Grant and Kenton counties.

GIVING BACK: Community involvements include sponsorships of area county fairs and festivals. The bank also established The Bank of Kentucky Endowed Chair of Education at NKU and The Bank of Kentucky Observatory at Thomas More College. It contributed to the establishment of the Gateway Community and Technical College in Crestview Hills.

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