Name Change: Commonwealth Bank & Trust converts to Stock Yards Bank & Trust today
Community bank branches in Louisville, Shelby Co. and northern Kentucky transition
LOUISVILLE, Ky. (March 28, 2022) – Starting today, Commonwealth Bank & Trust branch locations show the Stock Yards Bank & Trust name. Former Commonwealth Bank branches in Louisville, Shelby Co. and northern Kentucky transitioned over the weekend into the new parent company. The change comes following the completion of the previously announced merger of the two Kentucky-based financial institutions.
“Customer service is the key to managing a smooth transition and continually showing our dedication to new and existing customers,” said Stock Yards Bank chairman and CEO James A. (Ja) Hillebrand. “The shared values of our two companies set us up for a successful future as one united bank. I am confident that Commonwealth Bank customers will find the same high level of service, often from the same bankers they know and trust, at these new Stock Yards Bank locations.”
Today, March 28, marks the first day that former Commonwealth Bank customers can use all 73 branch locations across Kentucky, Ohio and Indiana. They can also use new Stock Yards Bank debit cards, log into Stock Yards Bank digital banking, pay bills with Stock Yards Bank BillPay, start making loan payments to Stock Yards Bank and access additional Stock Yards Bank services. Existing Stock Yards Bank customers can use converted Commonwealth Bank branches starting today. A helpline is available for any customers with questions at 502-582-2571 or by emailing at onlinecustomerservice@syb.com.
Acquiring Commonwealth Bank extends the bank’s footprint in its hometown of Louisville and nearby Shelby County and adds to its growing presence in the northern Kentucky/Cincinnati region. All retail staff from four Commonwealth Bank branches that closed due to overlap were offered positions at nearby Stock Yards Bank locations. Much of Commonwealth Bank’s senior management also joined the Stock Yards Bank team.
Stock Yards Bank is now the largest bank headquartered in Kentucky and the largest bank-owned Trust company in Kentucky. The combined financial institutions hold total assets of approximately $8 billion, $4.9 billion in gross loans, $7.5 billion in deposits and over $7 billion in trust assets under management.
About Stock Yards Bancorp, Inc.:
Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $8 billion in assets after today’s merger, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on the NASDAQ Global Select Market under the symbol SYBT. For more information about Stock Yards Bancorp, visit the Company’s website at syb.com. It has branches in Louisville, central, eastern and northern Kentucky, as well as Cincinnati and Indianapolis markets.
