Exhibit 99.1
                        Press Release Dated July 2, 2004


                                  July 2, 2004
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    Farmers Capital Bank Corporation Completes Acquisition of Citizens Bank
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                                (Kentucky), Inc.
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Farmers  Capital Bank  Corporation,  ("Farmers") has announced that the required
approvals from the  appropriate  regulatory  authorities  have been received and
that the acquisition of Citizens Bank (Kentucky),  Inc. in Georgetown,  Kentucky
has been completed.  Citizens Bank had total deposits of $67,000,000 as of March
31, 2004 and operates five Kentucky  locations in  Georgetown,  Owingsville  and
Sharpsburg.


Farmers, a financial holding company  headquartered in Frankfort,  Kentucky that
operates 23 banking locations in 13 communities  throughout  Kentucky, a leasing
company, a data processing company,  and an insurance agency, had total deposits
of  $1,028,000,000  as of March 31,  2004.  Its stock is publicly  traded on the
National  Association of Securities Dealers Automated  Quotation System (NASDAQ)
Small Cap Market tier, under the symbol FFKT.