Louisville, Kentucky, January 29, 2026
Stock Yards Bancorp, Inc. has announced its agreement to acquire Field & Main Bancorp, Inc. in an all-stock deal worth about $105.7 million. This strategic merger aims to enhance Stock Yards’ presence in Western Kentucky, capitalizing on the strengths and resources of both institutions. The transaction details reveal that shareholders of Field & Main will receive shares of Stock Yards common stock, with the expected closure of the deal in the second quarter of 2026, pending approvals. This acquisition signifies a robust future for banking services in the region.
Stock Yards Bancorp to Acquire Field & Main Bancorp
Strategic merger aims to enhance banking presence in Western Kentucky.
Louisville, Kentucky – In a significant move that illustrates the resilience and entrepreneurial spirit of Kentucky’s financial sector, Stock Yards Bancorp, Inc. has announced an agreement to acquire Field & Main Bancorp, Inc. in an all-stock transaction valued at approximately $105.7 million. This acquisition not only showcases the power of local businesses working towards shared growth but also aims to bolster Stock Yards’ influence in Western Kentucky.
As Stock Yards aims to enhance its market reach and service offerings, this merger reflects the strength and adaptability of Kentucky’s banking institutions. By capitalizing on the assets and branches of Field & Main, Stock Yards is poised for expanded operational efficiencies that will ultimately benefit customers across the region.
Transaction Details
Under the terms of the merger agreement, Field & Main shareholders will receive 0.6550 shares of Stock Yards common stock for each share of Field & Main common stock. The implied per-share purchase price stands at $44.55, based on Stock Yards’ closing price on January 26, 2026. The transaction is expected to close during the second quarter of 2026, pending approval from Field & Main shareholders and customary regulatory approvals.
Financial Overview
As of December 31, 2025, Field & Main demonstrated solid financial foundations, reporting approximately $861 million in assets, $652 million in loans, and $781 million in deposits. When combined with Stock Yards, the new entity will operate 81 branches, totaling approximately $10.4 billion in assets, $7.9 billion in gross loans, and $8.6 billion in deposits—signifying a robust footprint in the banking landscape of Western Kentucky.
Strategic Implications
This acquisition aligns seamlessly with Stock Yards’ strategy to increase market penetration in Western Kentucky. By merging operations, both institutions can enhance operational leverage and expand their capabilities. Customers will benefit from improved services and an increased array of banking options, further supporting economic growth in the local community.
Leadership and Integration
Following the successful completion of the merger, Scott P. Davis, the Chairman and CEO of Field & Main, is expected to join the Stock Yards Board of Directors. This transition is anticipated to integrate Field & Main’s operations smoothly, with a steadfast commitment to maintaining high-quality customer service and strong community bonds.
About Stock Yards Bancorp, Inc.
Stock Yards Bancorp, Inc. is the parent company of Stock Yards Bank & Trust Company, serving communities within Louisville, as well as central, eastern, and northern Kentucky, in addition to the Indianapolis, Indiana, and Cincinnati, Ohio metropolitan markets. The company exemplifies a commitment to disciplined growth, profitability, and high-touch customer service, making it a cornerstone of the region’s economic development.
About Field & Main Bancorp, Inc.
Field & Main Bancorp, Inc., the parent company of Field & Main Bank, is headquartered in Henderson, Kentucky, and operates branches strategically located in Henderson, Lexington, and Cynthiana, Kentucky, along with Evansville, Indiana. It prides itself on providing a modern craft banking experience characterized by exceptional customer service and a dedication to community involvement.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Acquisition Value | $105.7 million |
| Stock Exchange Ratio | 0.6550 shares of Stock Yards common stock per share of Field & Main common stock |
| Expected Closing Date | Second quarter of 2026, subject to approvals |
| Field & Main Assets (as of December 31, 2025) | $861 million in assets, $652 million in loans, $781 million in deposits |
| Combined Entity Assets | Approximately $10.4 billion |
| Combined Entity Branches | 81 branches |
| Scott P. Davis’ Role Post-Acquisition | Expected to join Stock Yards Board of Directors |
Conclusion
The acquisition between Stock Yards Bancorp and Field & Main Bancorp represents not just a strategic business maneuver, but a testament to the enduring strength of Kentucky’s financial landscape. As these two institutions unite, they will create a stronger platform for banking services that will undoubtedly foster economic growth and innovation in Western Kentucky. Community support for local businesses remains pivotal in navigating this transition, and residents are encouraged to stay engaged in the evolving economic narrative of Lexington and its surrounding areas.
FAQ
What is the value of the acquisition?
The acquisition is valued at approximately $105.7 million.
When is the transaction expected to close?
The transaction is expected to close during the second quarter of 2026, subject to approval by Field & Main shareholders and customary regulatory approvals.
What are the key financial figures for Field & Main as of December 31, 2025?
Field & Main reported approximately $861 million in assets, $652 million in loans, and $781 million in deposits as of December 31, 2025.
How many branches will the combined entity have?
The combined entity will serve customers through 81 branches.
Who will join the Stock Yards Board of Directors after the acquisition?
Scott P. Davis, Chairman and CEO of Field & Main, is expected to join the Stock Yards Board of Directors following the completion of the transaction.
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