There were 12 banking transactions announced or closed in Kentucky in 2019 through October 30th.

Total assets purchased were $2.538 billion for an average size bank of $211 million. 

The acquirors had an average size of $1.9 billion or 9 to 1 acquiror size vs. acquired size.

Of the total transactions, 5 were acquired by publicly traded banks or bank holding companies.

The total assets of those being acquired by publicly traded institutions was $1.930 billion or an average of $386 million.

The average multiple paid for those banks was approximately 131% of tangible book, however the multiple was 171% of tangible book if assumed capital was 9.00%.

Of the 7 other transactions that have announced or occurred, the assets of those being acquired totaled $608 million for an average size institution of $87 million. Prices were not disclosed on those private transactions.

Of all announced deals the geographic breakdown is as follows:

Western Kentucky                            5                      42%

Central Kentucky                              4                      33%

Northern Kentucky                           2                      17%

Eastern Kentucky                             1                        8%

One of the transactions was in Louisville, two in Bowling Green and the remainder were located in rural Kentucky. (Louisville was included in the Northern Ky calculation.)