Forcht Bank to enter Cincinnati with acquisition
Forcht Bancorp in Corbin, Ky., has agreed to buy Watch Hill Bank for roughly $27 million in cash. ... Read full article
Forcht Bancorp in Corbin, Ky., has agreed to buy Watch Hill Bank for roughly $27 million in cash. ... Read full article
The company, which was flagged for two products, has been working with its regulators to determine the right amount to set aside. ... Read full article
Stock Yards Bancorp in Louisville, Ky., has named James Hillebrand as its next CEO when David Heintzman retires later this year. ... Read full article
The Indiana company agreed to pay $101 million for the $586 million-asset First Security. ... Read full article
When potential sellers are skittish, a merger pitch from a peer who’s been through it can make the difference. ... Read full article
Porter Bancorp in Kentucky spent years tackling credit and capital issues. As Limestone Bank, it will finally get back on offense. ... Read full article
An $378 million agreement to buy Farmers Capital will allow the West Virginia company to bridge a gap between Louisville, Ky., and Huntington, W.Va. ... Read full article
The company will merge with Kentucky Federal Savings and Loan by the end of this year. ... Read full article
The company will add a representative of Stilwell Group to its board. The investment firm, which has long criticized HopFed's leadership and strategy, agreed to support the company's recommendations at future annual meetings. ... Read full article
The deal – expected to close later this year – will be the third credit union acquisition of a bank so far in 2018. ... Read full article
HopFed was ordered to pay the legal fees for Stilwell Group, which sued the bank after its directors passed a bylaw intended to keep the investor off its board. ... Read full article
Stilwell Group, an activist investor, is alleging that HopFed chief John Peck bought two properties from the then-chairman of the Kentucky company's compensation committee and that the deals were a conflict of interest. ... Read full article
Independent members of HopFed Bancorp's board sent a letter to Joseph Stilwell complaining that their largest investor had rebuffed several efforts by CEO John Peck to schedule a meeting. ... Read full article