Founded in 1901, Blue Grass Savings Bank began with 104 investors subscribing to 140 shares totaling $14,000. The first shareholder meeting elected W.I. Vandevear as President, Julius Schiele as Vice President, Henry F. Wunder as Cashier, and John Plett as Secretary. The original building, constructed in 1902, cost $44,344.45. Banking operations started in January 1902, and by the end of the first week, total assets were $19,402.16. The bank paid its first dividend of $5.00 per share in July 1903. Over the years, the bank saw steady growth, with total assets reaching $368,747.73 ten years after opening. Throughout its history, Blue Grass Savings Bank underwent renovations, including expanding the 1902 building in 1947 and constructing a new building in 1971. In 2006, a new red brick building was erected, reflecting the continued progress of the bank.