Both financial institutions are based in Louisville with locations in Northern Kentucky.
“As community bankers, we need to take the initiative to build relationships and earn the trust of the people we serve,” said Stock Yards Bank Chairman and CEO James A. (Ja) Hillebrand. “This acquisition is further proof that Stock Yards Bank is dedicated to growing with the evolving needs of our customers, adding scale, security and strength while staying in line with our existing values.”
The combined stock and cash transaction with Commonwealth Bancshares, Inc., representing a total consideration of approximately $153 million, is expected to close during the fourth quarter of 2021, subject to completion of customary regulatory approval and closing conditions.
Ohio
United-states
Highland-heights
Edgewood
Cincinnati
Kentucky
Jamesa-ja-hillebrand
Stock-yards-bank
Operations-committee
Kentucky-bank
Strategic-planning-committee