The company has not filed an annual or quarterly report since its FY2022 10-K, filed Feb 28, 2023. Its latest SEC filing is a SC 13G/A from Feb 8, 2024.
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Offers personal and business banking services, including loans and deposit accounts, to individuals, professionals, and small and medium-sized businesses in Kentucky communities.
Sources
10-K for FY2022, filed Feb 28, 2023
Organized in 1988, Limestone Bancorp, Inc. (the Company) is a bank holding company headquartered in Louisville, Kentucky. The Company’s…View ↗
The Bank meets its customers’ banking needs with a broad range of financial products and services. Its lending services include real…View ↗
How Did They Make Money?
Deposit customers pay transaction and overdraft fees when those services occur and monthly account fees over the month; the bank also earns interchange fees as card transactions are processed.
Sources
10-K for FY2022, filed Feb 28, 2023
Service Charges on Deposit Accounts: The Company earns fees from its deposit customers for transaction-based, account maintenance, and…View ↗
Bank Card Interchange Income: The Company earns interchange fees from bank cardholder transactions conducted through a third party payment…View ↗
May 1, 2023Peoples Bancorp completed its merger with Limestone Bancorp
Peoples acquired all of Limestone’s assets and assumed its obligations; Limestone’s shares were delisted from Nasdaq.
Sources
8-K, filed May 1, 2023
On April 30, 2023, Limestone Bancorp, Inc. (the “Company”) completed its merger transaction with Peoples Bancorp Inc. (“PEBO”) in…View ↗
Grew.
Revenue grew 87.6x in 4 years, from $660K in FY2018 to $57.8M in FY2022, about 206% a year.
