.
MergerLinks Header Logo

Announced

Completed

Stock Yards Bank & Trust completed the acquisition of Commonwealth Bank & Trust for $153m.

Financials

Edit Data
Transaction Value£112m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

banking

Domestic

Banks

Friendly

Private

Majority

United States

Acquisition

Completed

Synopsis

Edit

Stock Yards Bank & Trust, a commercial bank, completed the acquisition of Commonwealth Bank & Trust, a provider of banking services, for $153m. “The mutual admiration and collaboration between these two banks goes back many years. This acquisition brings us together to create a premier financial institution, unlike anything that this region has ever seen. I truly believe this will be transformational for our Commonwealth Bank customers and the communities we serve," John W. Key, Commonwealth Bank President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US