[Congressional Record Volume 150, Number 118 (Monday, September 27, 2004)]
[Senate]
[Page S9720]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            MORNING BUSINESS

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                    CUMBERLAND VALLEY NATIONAL BANK

  Mr. McConnell. Mr. President, I rise today to recognize the 
Cumberland Valley National Bank on its one hundredth anniversary as a 
premiere financial institution in the heart of southeastern Kentucky.
  On October 1, 1904, the East Bernstadt Banking Company, as it was 
known then, opened its doors with capital stock of $15,000. Within 8 
years their capital stock had jumped to $25,000 and they underwent 
their first name change, to the First National Bank. This was just the 
beginning of several expansions and name changes.
  In spite of the closing of major coal mining operations in East 
Bernstadt, the First National Bank remained quite successful and moved 
from East Bernstadt to the Catching Building in London, becoming, 
ironically, the Second National Bank of London. In the years that 
followed, their capital stock continued to rise. By 1951, the bank 
reached a milestone with $100,000 in capital stock. In 1959, the Second 
National Bank opened its first branch location, the North London Branch 
and added a third location in 1974. Because it was able to establish 
itself as one of the premiere banking institutions in Laurel County, 
the bank decided to change its name again, this time to its current 
name the Cumberland Valley National Bank.
  Today, the Cumberland Valley National Bank has twenty locations to 
serve the people of Laurel County. While the bank has changed its name 
several times over the last 100 years, it has never changed the 
impeccable service it provides its customers. This is due in large part 
to the hundreds of former and current employees who have strived to 
make this bank a cornerstone of Laurel County.
  Today I ask my colleagues to join me in honoring the Cumberland 
Valley National Bank, the largest locally owned bank in southeastern 
Kentucky, for its one hundred years of business. I wish them another 
one hundred years of success.

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