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Stock Market & Financial Investment News

News Breaks
December 19, 2012
17:48 EDTSYBTS.Y. Bancorp to acquire The Bancorp for approximately $19.9M
S.Y. Bancorp (SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan markets, announced that it has entered into a definitive agreement to acquire all of the common stock of The Bancorp in a cash-and-stock transaction valued at approximately $19.9M. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, the transaction is valued at $19.9M, which includes $19.5M in consideration to Bancorp shareholders and $0.4M in cash consideration to Bancorp option holders. The $19.5M of consideration will include 534,885 shares of S.Y. Bancorp common stock, subject to adjustment, valued at $11.7M based upon the 20-trading day volume-weighted average price of S.Y. Bancorp common stock as of the close of markets on December 18, and $7.8M in cash, subject to adjustment. The transaction is expected to be accretive to S.Y. Bancorp's tangible book value per share and slightly accretive to earnings per share, excluding restructuring charges. The transaction is expected to close early in the second quarter of 2013
News For SYBT From The Last 14 Days
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May 20, 2015
07:00 EDTSYBTS.Y. Bancorp raises quarterly dividend 4% to 24c per share
Stock Yards Bancorp announced that its Board of Directors has voted to increase the company's quarterly cash dividend 1c or 4% to 24c per common share. The new rate will go into effect with the next payment on July 1, 2015, to stockholders of record as of June 15, 2015. This represents the third time the company has raised its dividend over the past year, reflecting a cumulative increase of approximately 14% in the dividend rate since May 2014.
May 13, 2015
07:11 EDTSYBTDA Davidson to hold a conference
17th Annual Financial Services Conference is being held in Denver on May 11-13 with webcasted company presentations to begin on May 13 at 10 am; not all company presentations may be webcasted. Webcast Link

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