A. Lee Graham
Reporter
Community Trust Bank has announced a new division providing specialized financing solutions to the U.S. oil and gas industry.
Comprising several Dallas-area energy experts, the company’s Energy Finance Group will focus on relationship banking for firms seeking $2.5 million to $100 million in a revolver or term facility secured by oil and gas assets.
“I’m thrilled to join Community Trust Bank’s knowledgeable leadership team and provide this line of financial services,” said Community Trust Bank Energy Finance Group Managing Director Christina Kitchens in a news release.
“The level of insight into the oil-and-gas industry our team possesses will be a significant advantage for the long-term growth of CTB [Community Trust Bank],” Kitchens said.
As Energy Finance Group director, Kitchens will lead the team, offering senior debt facilities to exploration and production, midstream, royalties and select energy service firms. The group’s funding focuses will largely apply to acquisition, drilling and working capital ventures for oil and gas business entities.
More information is available at
Also in the new group is Patrick Leznicki, serving as a vice president of energy lending. His previous work experience includes a position as energy lending vice president at F&M Bank. Jerry Horton will serve as a vice president of energy lending. Horton held previous positions with F&M Bank and Home National Bank.
Rounding out the group is Carlton Cornelius as its portfolio manager. He formerly worked at Western National Bank in Midlan as a credit analyst.
Community Trust Bank is a wholly owned subsidiary of Community Trust Financial Corp., a financial holding company with assets over $3 billion. More information is available at www.ctbonline.com.
lgraham@bizpress.net