As of Monday, all Commonwealth Bank & Trust loations have officially adopted the Stock Yards Bank & Trust name.
All their locations in Northern Kentucky transitioned over the weekend.
The change follows the completion of the previously announced merger of the two Kentucky-based financial institutions.
“Customer service is the key to managing a smooth transition and continually showing our dedication to new and existing customers,” Stock Yards Bank chairman and CEO James A. Hillebrand said. “The shared values of our two companies set us up for a successful future as one united bank. I am confident that Commonwealth Bank customers will find the same high level of service, often from the same bankers they know and trust, at these new Stock Yards Bank locations.”
Monday marked the first day that former Commonwealth Bank customers can use all 73 branch locations across Kentucky, Ohio and Indiana. They will also be able to use new Stock Yards Bank debit cards, log into Stock Yards Bank digital banking, pay bills with Stock Yards Bank BillPay, start making loan payments to Stock Yards Bank and access additional Stock Yards Bank services.
All retail staff from four Commonwealth Bank branches that closed due to overlap were offered positions at nearby Stock Yards Bank locations. Much of Commonwealth Bank’s senior management also joined the Stock Yards Bank team.
Stock Yards Bank is now the largest bank headquartered in Kentucky and the largest bank-owned trust company in Kentucky. The combined financial institutions hold total assets of approximately $8 billion, $4.9 billion in gross loans, $7.5 billion in deposits and over $7 billion in trust assets under management, the company said.
