Stock Yards Bancorp completed the acquisition of Kentucky Bancshares for £104m.

Stock Yards Bancorp, a bank holding company, completed the acquisition of Kentucky Bancshares, the parent company of Kentucky Bank, for £104m. "We are thrilled to welcome Kentucky Bancshares and its employees to the Stock Yards team. This transaction expands our presence into the attractive Central Kentucky market and represents a complementary fit, both strategically and culturally, with our business model. The combination of our two organizations provides the opportunity to create efficiencies and enhance the value of the combined company while offering Kentucky Bank customers broader product offerings, increased lending capabilities and an expanded branch delivery system that stretches throughout the Louisville, Indianapolis and Northern Kentucky/Cincinnati metropolitan markets. Also, I am very excited to announce that Louis Prichard, President and Chief Executive Officer of Kentucky Bancshares, will serve as our new Central Kentucky Market President," James A. Hillebrand, Stock Yards Bancorp Chairman and CEO.