Kentucky Bancshares of Paris, the holding company of Kentucky Bank, said Monday that it has completed the acquisition of Madison Financial Corp. of Richmond.
In a news release, Kentucky Bancshares said that Madison Bank, formerly a wholly owned subsidiary bank of Madison Financial, was merged into Kentucky Bank.
The three former Richmond branches of Madison Bank will be operated as financial centers of Kentucky Bank, the news release said. The centers are at 1001 Gibson Bay Drive, 660 University Shopping Center, and 724 West Main Street.
The acquisition was announced in January and was approved by Madison Financial Shareholders on July 15.