Limestone Bank Acquires Republic Bank Locations in Owensboro
Limestone Bancorp, Inc., parent company of Limestone Bank, announced today that Limestone Bank has entered into a material definitive agreement to acquire four Republic Bank branches located in Kentucky, including Owensboro.
It was announced today in a press release, that Republic Bank locations in the Kentucky cities of Elizabethtown, Frankfort, and Owensboro are set to become Limestone Bank branches.
John T. Taylor, president and chief executive officer of Limestone Bank said, “We are pleased to enter into this agreement to acquire four banking centers from Republic Bank which are located in both our existing markets and in nearby contiguous counties. The acquisition will allow Limestone Bank to increase its market share and better serve customers in Owensboro through the addition of two branches, and to grow its geographic footprint with entry into the Frankfort and Elizabethtown markets. The Elizabethtown location will allow us to bridge a gap in our footprint along I-65, and the Frankfort location will provide another point of access along I-64 between our Louisville and Lexington facilities.” Taylor continued, “I am also extremely excited about the talented sales and service staff joining our organization as a result of this acquisition.”
You can read the complete press release HERE.