M&A Deal Summary

Stock Yards Bank & Trust Acquires King Bancorp

On December 19, 2018, Stock Yards Bank & Trust acquired financial services company King Bancorp for 28M USD

Acquisition Highlights
  • This is Stock Yards Bank & Trust’s 1st transaction in the Financial Services sector.
  • This is Stock Yards Bank & Trust’s largest (disclosed) transaction.
  • This is Stock Yards Bank & Trust’s 1st transaction in the United States.
  • This is Stock Yards Bank & Trust’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2018-12-19
Target King Bancorp
Sector Financial Services
Buyer(s) Stock Yards Bank & Trust
Deal Type Add-on Acquisition
Deal Value 28M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Frost Brown Todd (Legal)

Target

King Bancorp

Louisville, Kentucky, United States
King Bancorp, Inc.'s subsidiary, King Southern Bank, was founded in 1919 as the former People's State Bank in Nelson County, Kentucky.

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Buyer(S) 1

Buyer

Stock Yards Bank & Trust

Louisville, Kentucky, United States
Category Company
Founded 1904
Sector Financial Services
Employees1,062
Revenue 333M USD (2023)
DESCRIPTION

Stock Yards Bank & Trust is an entity which offers a broad array of other financial services, including those of its Wealth Management Group, which provides investment management and trust services. Stock Yards Bank & Trust was founded in 1904 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal