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Citizens Union Bank merging with Owenton, Ky.-based Peoples Bank & Trust

Shelbyville, Ky.-based Citizens Union Bank of Shelbyville and Owenton, Ky.-based Peoples Bank & Trust Co. are merging.

Citizens Union Bank, a unit of Citizens Union Bancorp Shelbyville Inc., has $840 million in total assets, according to a news release. Peoples Bank & Trust, a unit of Owenton Bancorp Inc., has total assets of $55 million.

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