Stock Yards Bancorp to Acquire Field & Main Bank in $106M Deal

Acquisition expands Stock Yards' presence in Western Kentucky and adds scale to its community banking franchise.

Published on Jan. 31, 2026

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Stock Yards Bancorp (NASDAQ:SYBT) announced plans to acquire privately held Field & Main Bancorp, the holding company for Field & Main Bank, in a $106 million all-stock transaction. The deal will significantly expand Stock Yards' reach into Western Kentucky, a market the company has long sought to enter. The combined company will have approximately $10.4 billion in assets, $7.9 billion in gross loans, $8.6 billion in deposits, and $8.4 billion in trust assets under management, served through an 81-branch network.

Why it matters

The acquisition allows Stock Yards to grow its community banking presence in Western Kentucky, a region the company has identified as economically vibrant and a strategic priority for expansion. The deal adds scale to Stock Yards' operations and provides customers access to a broader branch network across multiple Kentucky markets as well as into Cincinnati and Indianapolis.

The details

Under the terms of the agreement, Field & Main shareholders will receive 0.655 shares of Stock Yards common stock for each Field & Main share, valuing the deal at approximately $105.7 million. The transaction is expected to be 5.7% accretive to Stock Yards' earnings per share in 2027 once cost savings are fully realized. Stock Yards plans to manage its balance sheet to stay below $10 billion in assets at the end of 2026 before formally crossing that threshold in 2027.

  • The transaction is expected to close in the second quarter of 2026, pending regulatory approvals.
  • System conversion is planned for October 2026.
  • The full 34% in cost savings are expected to be achieved in 2027.

The players

Stock Yards Bancorp

A bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co. The company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities.

Field & Main Bancorp

The privately held holding company for Field & Main Bank, which operates six retail branches in Kentucky and Indiana. Field & Main has roots dating back to 1887 and is deeply rooted in the Western Kentucky market.

Jay Hillebrand

Chairman and CEO of Stock Yards Bancorp.

Clay Stinnett

CFO of Stock Yards Bancorp.

Doug Lawson

President and Chief Operating Officer of Field & Main Bank, who will join Stock Yards as a market president.

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