SYBT · Stock Yards Bancorp, Inc.

Stock Yards Bancorp, Inc. has successfully finalized its acquisition of Field & Main Bancorp, Inc., a transaction that expands its footprint across Western Kentucky and Indiana. The merger, effective May 1, 2026, adds six retail branches located in Henderson, Lexington, and Cynthiana, Kentucky, as well as Evansville, Indiana, to the Company's network. The strategic rationale emphasizes the alignment of values between the two community banks and the extension of services for Field & Main customers into the Cincinnati and Indianapolis markets. Management indicated that customers will not experience immediate changes to their banking experience, with a full system integration scheduled for October 17, 2026.

Concurrent with the closing, Scott P. Davis, the former Chief Executive Officer of Field & Main Bancorp, was appointed to the Boards of Directors for both Stock Yards Bancorp, Inc. and Stock Yards Bank & Trust Company. This appointment aligns with the pre-closing intent to integrate Field & Main leadership into the combined entity's governance structure. Mr. Davis brings over three decades of banking experience, including leadership through strategic milestones such as mergers and rebranding. He will serve on the Credit and Risk Committee of the Company's Board and the Trust Committee of the Bank's Board. His compensation will be consistent with that of other non-employee directors.