Field & Main Bank is merging with Stock Yards Bancorp.
Stock Yards Bancorp, Inc., parent company of Stock Yards Bank & Trust Company, announced the signing of a definitive agreement to acquire Field & Main Bancorp, Inc., which is the parent company of Field & Main Bank.
The all-stock transaction is expected to close during the second quarter of 2026, subject to approval of Field & Main shareholders and completion of customary regulatory approval and closing conditions, according to a news release.
“We are thrilled to welcome Field & Main and its dedicated employees to the Stock Yards team,” said Stock Yards Chairman and CEO James A. “Ja)” Hillebrand. “This combination joins two community banks whose values and cultures are closely aligned and significantly expands our reach in Western Kentucky. Field & Main customers will continue to receive the outstanding service they have come to rely on, with the added benefit of our extended branch presence throughout Louisville, central, eastern, and northern Kentucky, as well as into the Cincinnati and Indianapolis metropolitan markets.”
Field & Main, headquartered in Henderson, Kentucky, operates 6 total retail branches in Henderson, Lexington, and Cynthiana, Kentucky, and Evansville, Indiana.
As of December 31, 2025, Field & Main reported approximately $861 million in assets, $652 million in loans, and $781 million in deposits.
Field & Main also maintains a Wealth Management and Trust Department with total assets under management of approximately $800 million at December 31, 2025. The combined franchise
“Both banks have always been committed to delivering a modern craft banking experience that includes great customer service, strong community ties and an environment where employees can thrive and grow,” said Field & Main Bank Chairman and CEO Scott Davis. “We’re excited to partner with the Stock Yards team to build the premier community bank in the region.”
The combined franchise will serve customers through 81 branches with total assets of approximately $10.4 billion, $7.9 billion in gross loans, $8.6 billion in deposits and $8.4 billion in trust assets under management.
Under the terms of the merger agreement, Field & Main shareholders will have the right to receive 0.6550 shares of Stock Yards common stock for each share of Field & Main common stock, with total consideration to consist of 100% stock.
Based upon the closing price of Stock Yards’ common stock of $68.01 on January 26, 2026, the implied per share purchase price is $44.55, with an aggregate transaction value of approximately $105.7 million. The transaction is expected to be 5.7% accretive to Stock Yards’ earnings per share once cost savings are fully phased in.
In addition, tangible book value dilution is expected to be approximately 0.9% and be earned back in approximately 0.9 years (crossover method). Post-closing, Stock Yards capital ratios are expected to exceed “well-capitalized” levels.
In addition, Scott Davis, who currently serves on Field & Main’s Board of Directors, is expected to be added to the Stock Yards Board following completion of the transaction.
Comments