Louisville, Ky.-based Stock Yards Bancorp is expanding in western Kentucky by acquiring Henderson-based Field & Main Bancorp. .The $105 million deal is expected to close in the second quarter of this year. The combined bank will have $10.4 billion in assets, with nearly $8 billion in gross loans and 81 branches.Stock Yards Bancorp is parent company of Stock Yards Bank & Trust, which has offices across Kentucky as well as in Indianapolis and Cincinnati. Field & Main Bancorp is the parent company of Field & Main Bank, which has a half-dozen retail branches in Kentucky and Indiana. As of Dec. 31, Field & Main had $861 million in assets, $652 million in loans and $781 million in deposits. Field & Main also has a wealth management and trust department with $800 million in total assets under management.Little Rock, Ark.-based Stephens Inc. was financial adviser and FBT Gibbons LLP was legal counsel to Stock Yards. St. Petersburg, Fla.-based Raymond James was financial adviser, while Lexington-based Stoll Keenon Ogden PLLC was legal counsel to Field & Main.
