© 2024 Louisville Public Media

Public Files:
89.3 WFPL · 90.5 WUOL-FM · 91.9 WFPK

For assistance accessing our public files, please contact info@lpm.org or call 502-814-6500
89.3 WFPL News | 90.5 WUOL Classical 91.9 WFPK Music | KyCIR Investigations
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
Stream: News Music Classical

Central Kentucky financial advisor evaluates bank failures

Quint Tatro
Quita Tatro
Quint Tatro

A central Kentucky financial advisor doesn’t anticipate two U.S. bank failures will signal concerns among area banks in the Commonwealth. Joule Financial Managing Director and UK Professor Quint Tatro said Kentucky banks tend to feature a different type of business plan.

“A lot of our banks in Kentucky are traditional small business loan banks with solid loan portfolios. Not a lot of deposits that are above the insured limit,” said Tatro.

Where concern arises, occurring to Tatro is when there are a lot of bank deposits over the uninsured amount of $250,000 and investments in that financial institution are down. Tatro said smaller Kentucky banks could be impacted by the cost of regulation and higher insurance which may lead to consolidation.

Here's the extended interview with Quint Tatro:


** WEKU is working hard to be a leading source for public service, fact-based journalism. Monthly sustaining donors are the top source of funding for this growing nonprofit news organization. Please join others in your community who support WEKU by making your donation

Stu has been reporting for WEKU for more than 35 years. His primary beat is Lexington/Fayette government.