James Lawrence "Jim" Rose, a Kentucky coal operator turned banker, died Monday of complications from a heart attack. He was 73.
Mr. Rose, a Lexington resident, began his career by starting a small coal company in his native Clay County in 1959. Eventually, he became president and chief executive officer of Interstate Coal Co., which had operations in a dozen Eastern Kentucky counties. He retired from the coal business in 1993.
He turned to banking in 1978 by acquiring a bank in Manchester. Later, he formed a bank holding company called United Bancorp of Kentucky Inc., which acquired seven more banks — in London, Danville, Nicholasville, Richmond, Versailles, Corbin and Harlan. United Bancorp merged with National City Corp. in 1995.
In a separate banking venture in 1983, Mr. Rose and his wife, Judy, became majority stockholders in the Bank of Lexington & Trust Co. That bank was later sold to Liberty National Bank & Trust Co. of Louisville.
Mr. Rose also had been a partner in Lexington Financial Center.
Mr. Rose, a graduate of Berea Foundation High School who attended Berea College and the University of Kentucky, was active in civic and charitable organizations and served in leadership positions in numerous coal and banking industry organizations.
He had served on the boards of UK, Centre College, Lees College and the UK Albert B. Chandler Medical Center, and was a founding member of Commonwealth Endowment for Kentucky Educational Television.
He was instrumental in the financing and development of Lexington Christian Academy. He was a member of Immanuel Baptist Church in Lexington.
"Jim Rose was a good friend and I will always remember his passion and love for the Bluegrass state, particularly the University of Kentucky basketball program," said U.S. Sen. Mitch McConnell of Kentucky.
Mr. Rose is survived by his wife, Judy Sizemore Rose; a son, James F. "Jamie" Rose; a daughter, Sonya Rose Hiler; eight grandchildren; and three step-grandchildren.
Services will be at 6 p.m. Thursday at the Lexington Christian Academy chapel. Visitation will be after 1 p.m. Thursday at the academy chapel. Burial will be later in A.R. Dyche Memorial Park in London. Kerr Brothers Funeral Home on Harrodsburg Road in Lexington is handling arrangements.