Posted September 03, 2021
PARIS, Ky. (KT) – Customers of Kentucky Bank may be surprised to see a new sign on their branch offices on Monday, as the transition to becoming part of Stock Yards Bank and Trust is now complete.
Stock Yards Bank, headquartered in Louisville, announced the merger with Paris-based Kentucky Bank & Trust in January. The combined community banks will offer their services at all existing locations throughout central and eastern Kentucky. That includes branches in Paris, Cynthiana, Georgetown, Lexington, Morehead, Nicholasville, Richmond, Sandy Hook, Versailles, Wilmore and Winchester.
“The shared values and commitment to premier customer service are a recipe for success with a transition like this,” said Stock Yards Bank chairman and CEO James A. Hillebrand. “Kentucky Bank customers will benefit from having a hometown bank that is proactive about building strength for the future and expanding its footprint while keeping its commitments to supporting every community it touches.”
With the recent announcement of its acquisition of Louisville-based Commonwealth Bank & Trust, Stock Yards Bank is extending its footprint even further across the state, adding locations in Jefferson and Shelby counties as well as northern Kentucky. Once combined, the merged banks will service customers through 79 branches with total assets of approximately $7.4 billion, $4.9 billion in gross loans, $6.4 billion in deposits and $7 billion in trust assets under management
“Change is never easy, but I am confident that Kentucky Bank customers will enjoy moving into the Stock Yards Bank family. They can trust that I will continue to be involved to make this transition as seamless as possible,” said former Kentucky Bank President and CEO Louis Prichard, who joins Stock Yards Bank as Central Kentucky Market President. “This is still a Kentucky-based bank run by Kentuckians who have the interests and values of their communities top of mind when making decisions.”
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