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Stock Market & Financial Investment News

News Breaks
October 18, 2012
12:43 EDTBKYFBank of Kentucky reports Q3 EPS 56c, one estimate 59c
Reports provision for loan losses decreased by $350,000, or 14%, in Q3 to $2.2M. Reports $3.96M in Q3 net charge-offs.
News For BKYF From The Last 14 Days
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September 8, 2014
09:17 EDTBKYFBB&T to acquire Bank of Kentucky for $363M
BB&T (BBT) and The Bank of Kentucky Financial Corporation (BKYF) announced the signing of a definitive agreement under which BB&T will acquire The Bank of Kentucky in a cash and stock transaction for total consideration valued at approximately $363M. The Bank of Kentucky, headquartered in Crestview Hills, Ky., has $1.9 billion in assets, $1.6 billion in deposits and 32 banking offices in Northern Kentucky and Cincinnati. Under the terms of the agreement, which was approved by the Board of Directors of each company, shareholders of The Bank of Kentucky will receive 1.0126 shares of BB&T common stock and $9.40 of cash for each share of The Bank of Kentucky common stock. Based on BB&T's 14-day average closing price of $37.13 as of September 4, 2014, shareholders of The Bank of Kentucky will receive $47.00 per share BB&T expects this acquisition to be accretive to earnings per share in the first full year and to exceed its IRR hurdle. The transaction is subject to customary closing conditions including regulatory approvals and approval of The Bank of Kentucky shareholders.

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