Exhibit 99.1
                       Press Release Dated October 8, 2004


                                 October 8, 2004
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First Citizens Bank, a Subsidiary of Farmers Capital Bank Corporation, Completes
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                               FINET Acquisition
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Farmers  Capital  Bank  Corporation  (Nasdaq:  FFKT) has  announced  that  First
Citizens Bank (First Citizens), a wholly owned bank subsidiary  headquartered in
Elizabethtown,  Kentucky has completed its previously  announced  acquisition of
Financial National Electronic Transfer Inc., Radcliff, Kentucky (FINET, Inc.).

First Citizens is a state chartered financial institution with 5 offices located
in Elizabethtown, Radcliff, and Shepherdsville,  Kentucky. It had total deposits
of $128,938,000 as of June 30, 2004.  FINET,  Inc. is a data processing  company
which  specializes  in the processing of federal  benefit  payments and military
allotments and is located in Radcliff, KY.

Farmers  Capital,  a  financial  holding  company  headquartered  in  Frankfort,
Kentucky  that  operates  26  banking  locations  in 16  communities  throughout
Kentucky, a leasing company, a data processing company, an insurance agency, and
a mortgage company had total deposits of $1,003,000,000 as of June 30, 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.