Founded by Charles H. Jett Jr. in 1972, the Bank of the Bluegrass & Trust is an independent and locally owned, full-service bank in Lexington Ky. Services include personal banking, business banking and individual retirement accounts, loan products and trust services. The bank also provides certificates of deposit, individual retirement accounts, checking, savings and money market accounts, interest plus checking and privileged accounts, check cards, bank-by-mail services, safe deposit boxes as well as an online banking facilities. With the bank s 1-2-3 CD facility customers can change the rate once during a term, deposit additional funds to double the face amount and withdraw up to 1/2 of the original deposit anytime with no penalty. With the CDARS facility, customers can receive up to $15million in Federal Deposit Insurance Company protection.