KRS 286.3-470: Information obtained by examination to be confidential -- Exceptions --

Reports as evidence.

(1) Reports of examination, and correspondence that relates to the report of

examination, of a bank or trust company shall be considered confidential

information. No officer or director of a bank or trust company, employee of the

department, or employee of a state or federal regulatory authority shall release any

information contained in the examination, except when:

(a) Required in a proper legal proceeding in which a subpoena and protective

order insuring confidentiality has been issued by a court of competent

jurisdiction; or

(b) The information is referred to an appropriate prosecuting attorney for possible

criminal proceedings, to outside persons providing professional services to the

bank, or to outside persons for the purpose of evaluating the bank for possible

acquisition. Reports of examination released to outside persons providing

professional services to the bank or for the purpose of evaluating the bank for

possible acquisition, shall require a written request from such outside persons

and prior approval by the board of directors or an executive committee of the

bank.

(2) The department may furnish to and exchange information and reports with officia ls

and examiners of other properly authorized state or federal regulatory authorities,

including the Federal Deposit Insurance Corporation, the Federal Reserve Board,

and the Office of the Comptroller of the Currency.

(3) Every official report concerning a bank or trust company, and every report of

examination, shall be prima facie evidence of the facts therein stated for all

purposes in any action in which the department, bank, or trust company is a party.