Stock Yards Bancorp completes Commonwealth acquisition; $30.99M cash + 2.56M shares

Stock Yards Bancorp, Inc.

Completed acquisition of Commonwealth Bancshares effective March 7, 2022; total consideration $30.99M cash and 2.56M shares.
Commonwealth shareholders receive 0.9267 SYBT shares and $11.20 cash per share; combined assets now $6.65B.
Principal Shareholders (Wells family) own ~5.95% of SYBT; 90-day lock-up; Laura L. Wells to join board in May 2022.
System integration planned by March 28, 2022; customers continue using existing branches and services until then.

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