Kentucky Bancshares INC: directors' dealings · United States · SEC (Form 4)

About Kentucky Bancshares INC

Kentucky Bancshares Inc. (/KY/) was a U.S. bank holding company whose core business was conducted through its subsidiary, Kentucky Bank. Before it ceased to exist as an independent public company, the stock traded on the OTCQX market under the ticker KTYB; the SEC transaction materials show that it was headquartered in Paris, Kentucky, in the United States, and operated as a community banking franchise serving central Kentucky. The company was later acquired by Stock Yards Bancorp, which is listed on the NASDAQ, making the merger the defining recent corporate event for the name. Kentucky Bancshares had a long operating history dating back to 1851, giving it unusually deep roots in its local market. Its business model was centered on relationship banking, local decision-making, and a strong branch-based presence rather than a national footprint. The franchise operated 19 branches serving 11 communities in central Kentucky, with a geographic focus along the I-75 and I-64 corridors. Its network included Paris, Lexington, Georgetown, Nicholasville, Richmond, Winchester, Versailles, Morehead, Wilmore, Sandy Hook, and Cynthiana. That footprint positioned the bank close to the economic engine of the Lexington metro area while still maintaining a community-oriented presence in surrounding counties. On the product side, Kentucky Bank offered standard community-bank services: deposit accounts, residential mortgage lending, commercial and industrial loans, commercial real estate financing, construction lending, and consumer banking products. It also maintained a Wealth Management and Trust function, which added fee-based diversification and helped deepen client relationships. In competitive terms, Kentucky Bancshares was a regional niche player rather than a scale leader. Its strength came from localized underwriting, customer proximity, and longstanding relationships with households, small businesses, and middle-market borrowers in its core Kentucky markets. The most important recent development was the January 27, 2021 announcement that Stock Yards Bancorp had agreed to acquire Kentucky Bancshares, followed by completion of the transaction on May 31, 2021. The SEC-linked deal materials describe an aggregate transaction value of roughly $190 million at announcement, with consideration structured as a mix of stock and cash. After closing, Kentucky Bancshares was folded into the larger Stock Yards platform and no longer traded as an independent listed security. For investors, KTYB is therefore best understood as a former U.S. community bank holding company with a long operating history, a concentrated Kentucky footprint, and a completed exit via strategic merger.