Stock Yards Bancorp, Inc., with $3.0 billion in assets, 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 in Louisville, Kentucky, and now has offices in the Louisville, Indianapolis and Cincinnati metropolitan markets.
In addition to its banking operations, Stock Yards Bank & Trust Company offers a broad array of other financial services, including those of its Wealth Management Group, which provides investment management and trust services. With assets under management of $2.5 billion and with continued strong growth in account openings, the Wealth Management Group ranks among the country's top 100 trust companies in terms of revenue. The bank also offers private banking and brokerage services. In addition, its mortgage company offers conventional, VA and FHA financing, as well as a program for low-income first-time homebuyers. The bank sells these residential mortgage loans, originated for both the purchase and refinancing of homes, into the secondary market.
Stock Yards Bancorp consistently ranks among the strongest, fastest-growing community banks in the country, as measured by earnings growth and its high returns on equity and assets. The Company has been recognized by U.S. Banker on several occasions as one of the top-performing community banks in the nation. For many years now, Stock Yards Bancorp has been named to the KBW Bank Honor Roll, an annual selection based on a bank's 10-year performance record. Those banks recognized for the Honor Roll, having at least $500 million in total assets, typically number less than 50 nationwide, and often less than 25. The Company also has received the Raymond James Community Bankers Cup several times, which recognizes the top 10% of community banks in the country with assets between $500 million and $10 billion. Additionally, The Bank Director, has included the Stock Yards Bancorp in Bank Performance Score Card of the 300 largest publicly traded U.S. banks based on profitability, capital adequacy, and asset quality.
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