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

Expansion into Western Kentucky market and addition of $800M wealth management business cited as key drivers

Published on Feb. 3, 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' presence in Western Kentucky and add $800 million in wealth management assets to its business.

Why it matters

The acquisition allows Stock Yards to grow its community banking franchise and gain a stronger foothold in the economically vibrant Western Kentucky market. It also boosts Stock Yards' wealth management capabilities through the addition of Field & Main's trust and investment management division.

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 around $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. Field & Main's president and COO, Doug Lawson, will join Stock Yards as a market president, and a Field & Main board member will also join Stock Yards' board.

  • The companies anticipate closing the deal in the second quarter of 2026, pending regulatory approvals.
  • System conversion is expected to occur in October 2026.
  • About one-third of the 34% in projected cost savings may be recognized in 2026, with the full run rate 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. It is a community-oriented financial institution offering a full suite of banking services.

Field & Main Bancorp

The holding company for Field & Main Bank, a privately held bank with roots dating back to 1887 and six retail branches in Western Kentucky and Indiana.

Jay Hillebrand

Chairman and CEO of Stock Yards Bancorp.

Doug Lawson

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

Scott Davis

A board member of Field & Main Bank, who will join the board of directors of Stock Yards Bancorp.

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What they’re saying

“Community banking isn't about size, it's about service. Our focus is on better, not bigger.”

— Jay Hillebrand, Chairman and CEO, Stock Yards Bancorp (transcriptdaily.com)

“With minimal market overlap, we expect to preserve most customer-facing jobs and minimize disruption to Field & Main customers.”

— Jay Hillebrand, Chairman and CEO, Stock Yards Bancorp (transcriptdaily.com)

What’s next

The companies anticipate closing the deal in the second quarter of 2026, pending regulatory approvals.

The takeaway

This acquisition allows Stock Yards Bancorp to expand its community banking presence in the economically vibrant Western Kentucky market while also bolstering its wealth management capabilities through the addition of Field & Main's trust and investment management division.