secwatch.observer — SEC 8-K summary
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Issuer:     Stock Yards Bancorp, Inc. (SYBT)
CIK:        0000835324
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001171843-22-001685
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835324/000117184322001685/0001171843-22-001685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835324/000117184322001685/f8k_030722.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-001685

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