🏢 Company Profile
Kentucky Bank is a community bank registered in Paris, Kentucky, USA, providing personal banking, commercial banking, and lending services, committed to providing personalized financial solutions to local residents and businesses. Founded in 1851, it has a long history and is positioned as a traditional commercial bank, covering central and eastern Kentucky. Kentucky Bank offers deposit accounts, loans, mortgages, wealth management, and digital banking services to customers through its branch network, emphasizing community engagement and customer relationships.
Notably, Kentucky Bank was acquired by Stock Yards Bank & Trust (Stock Yards Bancorp, Inc.) on May 31, 2021 in an all-stock transaction for an aggregate value of approximately $19 billion, in consideration for the exchange of each Kentucky Bank common share for 0.64 shares of Stock Yards common stock. Currently, Kentucky Bank's brand and business have been integrated into Stock Yards Bank & Trust, and the official website (http://kybank.com) may be redirected or discontinued. Despite the mention of "cryptocurrency" in user input, there is no evidence that Kentucky Bank directly provides cryptocurrency-related services and operates primarily in traditional banking. This analysis will provide an objective overview of the information based on pre-acquisition and post-integration information.
📋 Background of the basic information
Kentucky Bank was founded in 1851 as a local bank serving the agricultural and commercial community of Paris, Kentucky. After more than 170 years of development, it has grown into a regional bank in central and eastern Kentucky, with multiple branches and comprehensive financial services. PitchBook and Crunchbase have confirmed that it is a commercial bank focused on the deposit, loan, and wealth management needs of individual and business customers. On May 31, 2021, Kentucky Bank was acquired by Stock Yards Bank & Trust as its wholly-owned subsidiary and continued to operate as a community banking model after the integration, expanding its services to the Louisville, Indianapolis and Cincinnati markets. Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has assets of approximately $800 billion, and the acquisition enhances its footprint and market competitiveness in Kentucky.
Registered capital
There is no public information disclosure of the registered capital of Kentucky Bank. U.S. state commercial banks are typically required to meet minimum capital requirements from the Federal Deposit Insurance Corporation (FDIC) and state regulators, but the exact amount is not recorded. Before the acquisition, Kentucky Bank's assets were approximately $120 billion, indicating a solid capital base. Stock Yards Bancorp, Inc. has stockholders' equity of $150 billion (as of 2023), and Kentucky Bank's capital is backed by the parent company after the consolidation.
Key Executive BackgroundPrior
to the acquisition, Kentucky Bank's executive team included:
B. Keith Whitley (President & CEO): With more than 30 years of banking experience, He has held leadership positions at various community banks in Kentucky, focusing on strategic planning and community relations.
Gregory J. Dawson (Chief Financial Officer): Responsible for financial management and risk control, with expertise in accounting and banking finance.
Brenda S. Bragonier (Chief Operating Officer): Manages branch operations and customer service with a background in retail banking.
After the acquisition, Kentucky Bank's operations were managed by Stock Yards Bank & Trust, with core executives including:
James A. Hillebrand (Stock CEO of Yards): Led acquisitions and integrations with 40 years of banking experience.
Philip S. Poindexter (President, Stock Yards): Responsible for regional market expansion, focusing on community banking strategy.
LinkedIn shows that the Stock Yards team is about 1,000 people, covering Kentucky and surrounding areas.
There
is no information on the advisory team that Kentucky Bank has an independent team of advisors. It may rely on external legal, accounting or consulting firms (such as Raymond James, financial advisor at the time of the acquisition) for professional support, but the specific role of the advisor is not disclosed. Stock Yards Bank & Trust provides investment advice to clients through its wealth management division and may indirectly support Kentucky Bank's clients.
Ownership structure
Prior to the acquisition, Kentucky Bank was a separate entity with shareholders holding shares and circulating in part through the over-the-counter market (OTC Pink: KTYB). Upon completion of the acquisition on May 31, 2021, all shares of Kentucky Bank were converted into common stock of Stock Yards Bancorp, Inc. (NASDAQ: SYBT) at a rate of 0.64 per share by original shareholders. Stock Yards Bancorp is a publicly traded company with a public shareholding structure, and shareholders include institutional investors (such as BlackRock) and retail investors, the specific proportion of which can be found through SEC filings. Kentucky Bank is now a wholly-owned subsidiary with no independent equity.
Company nature
Kentucky Bank is a state-chartered commercial bank registered in the United States, a private financial institution focusing on community banking. After the acquisition in 2021, it became a wholly owned subsidiary of Stock Yards Bancorp, Inc., and its operations remain centered on commercial banking and are regulated by the FDIC and the State of Kentucky.
Full name and abbreviation
Full name: Kentucky Bank
Abbreviation: Kentucky Bank
Subsidiary Company Name
Parent Company: Stock Yards Bancorp, Inc. (Stock Yards Bank & Trust).
Subsidiary: Madison County Bank (held by Kentucky Bank prior to acquisition, managed by Stock Yards after consolidation)
There is no evidence that Kentucky Bank now owns other subsidiaries and that its branches have been merged into the Stock Yards network.
Founded
: Kentucky Bank was founded in 1851.
Country of registration United
States.
English Headquarters Address:
360 E Vine St, Lexington, KY 40507, United States (prior to the acquisition, the Paris City headquarters was relocated to Stock Yards' regional center in Kentucky).
Operating Status
Kentucky Bank ceased to operate as a separate entity as of May 31, 2021, and its businesses, branches, and customers have been integrated into Stock Yards Bank & Trust. Stock Yards is an active company (NASDAQ: SYBT) with assets of approximately $800 million in 2023 and operations in Kentucky, Indiana and Ohio. Twitter and LinkedIn show that Stock Yards continues to promote community banking services, suggesting that Kentucky Bank's heritage brand may still be used in the local market.
🏭 Business classification
Kentucky Bank falls under the Financial Services and Banking sector, specifically State Commercial Bank, which is subdivided into Community Banking. Its services cover deposits, loans, and wealth management, categorized in traditional finance. The user input mentioned "cryptocurrency," but there was no evidence that it involved crypto assets, and the business was dominated by traditional banking.
📊 market classification
Kentucky Bank (now part of Stock Yards Bank & Trust) serves local markets in central and eastern Kentucky, targeting individuals (B2C), small and medium-sized businesses (B2B), and agricultural customers. Its market is positioned as a community bank, covering deposits, loans, mortgages and wealth management, geographically centered in Kentucky, and expanded to Louisville, Indianapolis and Cincinnati after integration.
Services Kentucky Bank (consolidated as Stock Yards Bank & 🛠️
Trust) include:
Personal banking: checking accounts, savings accounts, credit cards, personal loans.
Commercial Banking: Business Lending, Cash Management, Merchant Services.
Loan services: mortgages, home equity loans, car loans, agricultural loans.
Wealth management: investment consulting, retirement planning, trust services.
Digital banking: online banking, mobile apps, electronic bill payments, remote deposits.
The service is centered on community needs and emphasizes personalized financial solutions.
💱 Trading Products
Kentucky Bank (now Stock Yards) offers the following financial products:
Deposit products: checking accounts, savings accounts, certificates of deposit (CDs).
Loan products: mortgages, home equity loans, commercial loans, personal loans.
Investment Products: Mutual funds, annuities, and retirement accounts are available through the Wealth Management segment.
Credit card: VISA or Mastercard branded for spending and rewards programs.
There is no evidence that Kentucky Bank or Stock Yards offers cryptocurrency trading products, and the "cryptocurrency" in user input may be a misunderstanding, and its business is mainly traditional financial products.
Trading software Kentucky Bank (now Stock Yards Bank & 💻
Trust) offers the following trading and service software:
Online banking: supports account management, transfers, bill payments (www.syb.com).
Mobile App: iOS and Android versions, offering remote deposits, balance inquiries, loan payments.
Wealth Management Platform: Support portfolio management with Stock Yards Wealth Management.
The platform emphasizes user-friendliness and complies with FDIC safety standards. No record shows cryptocurrency trading software, business limited to traditional banking.
💳 Deposit and withdrawal methods
Kentucky Bank (now Stock Yards) supports the following deposit and withdrawal methods:
Bank Counters: Deposit and withdraw cash or checks through branches.
ATMs: Stock Yards and a nationwide network of ATMs support deposits and withdrawals.
Online Banking/Mobile Apps: ACH transfers, e-bill payments, remote check deposits.
Bank Transfer: Supports domestic and international wire transfers (fees apply).
Specific fees and limits can be found on the Stock Yards website (www.syb.com). No cryptocurrency deposit and withdrawal records, deposits and withdrawals are limited to fiat currency. [](https://www.syb.com/)
📞 Customer Support
Kentucky Bank (now Stock Yards)'s customer support channels include:
Phone: 1-800-625-9066 (Monday through Friday 8:00-17:00 ET)
Email: Submit via www.syb.com contact form.
Branches: 50+ locations in Kentucky and surrounding areas provide in-person service.
Twitter (@kentuckybank), LinkedIn, Facebook: Post updates and interact.
Support is based on personalized service, and Stock Yards emphasizes the community banking experience, with no 24/7 real-time customer service record.
🔧 Core Business & Services
Kentucky Bank (now Stock Yards) core business includes:
- >
Commercial Banking: Provides loans, cash management, and merchant services to SMEs, supporting the local economy.
Loan services: Mortgages and home equity loans to help customers achieve their home purchase and investment goals.
Wealth Management: Offers investment and retirement planning through Stock Yards Wealth Management.
Digital Banking: Mobile and online banking supports remote financial management.
Personal Banking: Offers checking, savings, credit cards, and personal loans for everyday financial needs.
The business is centered on community banking, serving local customers and has no cryptocurrency-related service records.
🌐 Technical infrastructure
Kentucky Bank (now Stock Yards) includes:
Digital Banking Platforms: Cloud-based online banking and mobile apps that support account management and transactions.
Payment system: Integrate ACH, e-bill payment, and VISA network.
Security Technology: Protects customer data with SSL encryption, two-factor authentication, and FDIC standards.
ATM Network: Connects to ATMs nationwide, providing convenient deposits and withdrawals.
No blockchain or cryptocurrency-related technical records, and the infrastructure is dominated by traditional banking.
🛡️ Compliance and risk control system
Kentucky Bank (now Stock Yards) compliances and risk control measures include:
Regulatory Compliance: Adheres to FDIC and Kentucky DFI requirements, subject to regular reviews.
KYC/AML: Perform Know Your Customer (KYC) and Anti-Money Laundering (AML) processes to verify customer identities.
Risk management: Reduce credit risk through capital adequacy ratio (Tier 1 ratio of about 12%) and asset quality monitoring.
Data security: SSL encryption and firewalls protect customer information.
There is no cryptocurrency-related risk control record, and the compliance system is based on traditional banking standards.
📈 Market Positioning and Competitive Advantage
Kentucky Bank (now Stock Yards) is positioned in the community banking market in Kentucky and surrounding areas with competitive advantages including:
Personalized Service: Customized financial solutions through local outlets and dedicated account managers.
Regional Coverage: With 50+ branches after integration, covering Kentucky and neighboring states.
Parent Backing: Stock Yards' $800 billion asset size strengthens its capital strength.
> Long history: Founded in 1851, it has built deep community trust.
Compared with national banks such as PNC and Fifth Third, its community banking model is more flexible; Compared to local banks such as First Kentucky Bank, the integration has a wider range of outlets and resources. No cryptocurrency services, competitiveness is concentrated in traditional banking.
🤝 Customer Support & Empowerment
Kentucky Bank (now Stock Yards) empowers customers by:
Financial Education: Provides loan and savings guides, and LinkedIn shares financial advice.
Community Events: Sponsor local agricultural shows and charity events, enhancing customer connections.
Digital Tools: Mobile apps support budget planning and transaction monitoring.
Empowerment focuses on local customer needs, emphasizes the affinity of community banks, and has no cryptocurrency-related educational content.
🌱 Social Responsibility & ESG
Kentucky Bank's (now Stock Yards) ESG initiatives include:
Social Impact: Support Kentucky community development by sponsoring schools and charitable organizations.
Environmental Responsibility: Stock Yards promotes paperless banking to reduce its carbon footprint.
Corporate Governance: As a publicly traded company, Stock Yards adheres to SEC disclosure requirements and maintains transparency.
There is no specific ESG report, and community participation is at the core of its social responsibility. No cryptocurrency-related ESG initiatives.
🤲 Partners of the strategic partnership ecosystem
Kentucky Bank (now Stock Yards) include:
- >
FDIC: Provides deposit insurance to enhance customer trust.
Raymond James: Financial advisor at the time of the acquisition.
Local Organizations: Partnering with the Kentucky Agricultural Association and others to promote community projects.
VISA/Mastercard: Supports credit cards and payment networks.
No blockchain or cryptocurrency-related partners, cooperation is mainly traditional banking.
💰 Financial health
Before the acquisition, Kentucky Bank had assets of approximately $1.2 billion and a net asset of approximately $1.5 billion, indicating a solid financial position. The acquisition value in 2021 was $190 million, reflecting its market value. After the integration, Stock Yards Bancorp, Inc. has $800 billion in assets, $107.9 million net income in 2023, and a capital adequacy ratio (Tier 1 ratio of approximately 12%) in compliance with regulatory requirements. Financial data disclosure (SEC filing), indicating health status. No cryptocurrency-related financial records.
🚀 Future Roadmap
Kentucky Bank (now Stock Yards) future plans are not disclosed separately and may include:
Expanded outreach: Further coverage in the Indiana and Ohio markets.
Digital Upgrades: Enhance mobile banking and AI-powered customer service.
Community Investment: Increased support for Kentucky agriculture and education.
Stock Yards' 2023 annual report mentions regional expansion and digital transformation, and the specific roadmap needs to be officially confirmed. No crypto-related plans.
📝 Summary
Kentucky Bank, a Kentucky community bank founded in 1851 and headquartered in the city of Paris, providing personal and commercial banking, was acquired by Stock Yards Bank & Trust on May 31, 2021 for $190 million. Its operations have been integrated into the parent company, serving Kentucky and surrounding areas, with an emphasis on the community banking model, regulated by the FDIC and the Kentucky DFI. Users mentioned "cryptocurrency" in their input, but there was no evidence that it provided related services, and its business was mainly in traditional banking. Information disclosure is limited, and users should check the latest service details through the Stock Yards official website (www.syb.com).
