Stock Yards Bancorp and Field & Main Bancorp to Merge

Core Viewpoint - Stock Yards Bancorp, Inc. has announced a definitive agreement to acquire Field & Main Bancorp, which will enhance its strategic expansion into the economically vibrant Western Kentucky market [1][2]. Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, with total assets of approximately $9.54 billion as of the latest reporting [9]. - Field & Main Bancorp, headquartered in Henderson, Kentucky, has approximately $861 million in assets and operates 6 retail branches [3][10]. Transaction Details - The acquisition is an all-stock transaction where Field & Main shareholders will receive 0.6550 shares of Stock Yards common stock for each share of Field & Main, with an aggregate transaction value of approximately $105.7 million [5]. - The implied per share purchase price is $44.55 based on Stock Yards' closing stock price of $68.01 on January 26, 2026 [5]. - The transaction is expected to be 5.7% accretive to Stock Yards' earnings per share once cost savings are fully realized [5]. Strategic Implications - The merger will create a combined organization with 81 branches and total assets of approximately $10.4 billion, enhancing market penetration and operational leverage in Western Kentucky [3][2]. - The partnership aligns with Stock Yards' focus on disciplined growth, profitability, and high-touch customer service, leveraging Field & Main's community-first culture [2][4]. Leadership and Governance - Following the completion of the transaction, Scott Davis from Field & Main is expected to join the Stock Yards Board of Directors [6]. - The merger reflects a commitment to maintaining strong community ties and delivering exceptional customer service [4].