Forcht Bancorp in Corbin, Ky., has agreed to buy Watch Hill Bank for roughly $27 million in cash.
The company, which was flagged for two products, has been working with its regulators to determine the right amount to set aside.
Stock Yards Bancorp in Louisville, Ky., has named James Hillebrand as its next CEO when David Heintzman retires later this year.
The Indiana company agreed to pay $101 million for the $586 million-asset First Security.
When potential sellers are skittish, a merger pitch from a peer who’s been through it can make the difference.
Porter Bancorp in Kentucky spent years tackling credit and capital issues. As Limestone Bank, it will finally get back on offense.
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.
The company will merge with Kentucky Federal Savings and Loan by the end of this year.
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.
The deal – expected to close later this year – will be the third credit union acquisition of a bank so far in 2018.
