Barbara Banke - cover profile - Strength, stamina & class - three attributes that describe not just Stonestreet Farm’s vibrant owner but also her farm’s mission to produce winning racehorses
/By Denise Steffanus
Stonestreet Farm's mission is to produce winning racehorses with "strength, stamina, and class"—three attributes that also describe Barbara Banke, Stonestreet’s vibrant owner.
In 2011, Banke took over Stonestreet's reins when her husband, Jess Stonestreet Jackson, died at age 81 from cancer. A worthy successor, Banke had worked shoulder to shoulder with Jackson as the two built their empire of fine wines and fast horses, including Horses of the Year Curlin (twice) and Rachel Alexandra, who together earned a combined six Eclipse Awards.
Under her leadership, Stonestreet has won 35 graded stakes as Stonestreet Stables and has shared 15 graded stakes wins with 45 partnerships through the end of September. Stonestreet has been the leading breeder of yearlings at auction for the past five years.
Banke also became chairman and proprietor of Kendall-Jackson Wines (now Jackson Family Wines)—an international domain of wineries based largely in California and extending to Oregon, Chile, Australia, France, Italy, and South Africa. Jackson wines graced tables in the White House during the Reagan administration when Nancy Reagan offered her favorite wine, Vintner's Reserve Chardonnay, to distinguished guests from around the world.
Banke wasn't the typical horse-crazy girl while growing up. She remembers going on a few trail rides, but her involvement with horses began in 2005 when she suggested Jackson find something to absorb his boundless energy.
"I just felt that he needed some hobby because he was sort of driving us all crazy around the winery from being a micromanager. (Banke laughs.) He had been in the horse business with his uncle a while before that. He really wanted to get back into it," she said.
The two founded Stonestreet and purchased an Unbridled's Song filly, Forest Music, in the summer of 2005 and turned her over to trainer Steve Asmussen. In her first start for Stonestreet, she went gate to wire in the Gr2 Honorable Miss Handicap at Saratoga, giving Stonestreet its first graded stakes winner. After the race, Asmussen prophetically told the media that it was "a sign of things to come.
Asmussen certainly was right about that.
Plunging head first into the racing industry, Stonestreet purchased Buckram Oaks Farm—450 acres of prime bluegrass land outside of Lexington—for $17.5 million that same year and renamed it Stonestreet Farm. Months later, Stonestreet purchased 650 acres in Versailles, Ky., and established a yearling division there.
When asked why the Buckram Oaks parcel appealed to her, Banke, who litigated land-use cases before the United States Supreme Court and Court of Appeals in her former profession, did not give the expected answer citing investment strategies, the spring-fed limestone ponds coveted for raising horses with good bone, and other legal points.
"It’s a beautiful, beautiful place," she said. "And it’s really convenient because it’s close to Keeneland (Racecourse and Sales) and close to town; and it’s very scenic. The barns were beautiful. The ponds were beautiful. So it had a lot of improvements, and it was something that we thought would be a good home in Kentucky. I’m really glad now that we went there."
Broodmare Band
Stonestreet started to populate its broodmare band, with an eye to transition its fine racemares into outstanding breeding stock of future Stonestreet runners and sale prospects. Banke called her strategy "mare-centric" and said, "That’s our focus, and that’s really fun. It’s fun to raise fillies for me because I know that they have a great career when they’re finished. It’s a nice thing to do."
Retired from racing at the end of 2005, Forest Music became the cornerstone of Stonestreet's breeding operation, producing graded stakes winners Kentuckian, Electric Forest, and Uncle Chuck, plus winner Maclean's Music—who sired 2017 Gr1 Preakness Stakes winner Cloud Computing in his first crop—plus three other graded stakes winners.
Banke called Stonestreet's broodmare band "unparalleled," and the names on the roster are a stellar list: homebreds My Miss Aurelia, 2011 champion two-year-old filly; Lady Aurelia, 2016 Cartier Two-Year-Old Filly of the Year in Europe; and Gr1 winners Dreaming of Julia, Tara's Tango, and Rachel's Valentina (daughter of now-pensioned Rachel Alexandra).
Among the other broodmares: Bounding (Aus), New Zealand’s champion sprinter and champion three-year-old filly in 2013; D' Wildcat Speed, Puerto Rican Horse of the Year and champion imported three-year-old filly in 2003 and the dam of Lady Aurelia; Dayatthespa, 2014 champion female turf horse; Hillaby, 2014 Canadian champion female sprinter; and eight other Gr1 or Gp1 winners.
Seventeen of Stonestreet's broodmares have produced graded-stakes winners. The latest starlet is Gamine, the three-year-old Into Mischief filly out of Banke's mare Peggy Jane. Conditioned by two-time Triple Crown-winning trainer Bob Baffert, Gamine won the Gr1 Acorn Stakes by an incredible 18-3/4 lengths in 1:32.55, slashing the stakes record time of 1:33.58 and just a fifth of a second slower than the track record of 1:32.24 for the mile. Next she took the Gr1 Test Stakes by seven lengths, installing her as the 7-to-10 favorite going into the Gr1 Kentucky Oaks, where she finished third after a tough stretch duel with winner Shedaresthedevil. The Oaks was Gamine's first two-turn race.
Ready to Repeat, a More Than Ready gelding produced by Stonestreet's Christine Daae, placed in the Gr1 Summer Stakes over the turf at Woodbine in Canada on September 20. After maintaining a comfortable lead all the way to the stretch, eventual winner Gretsky the Great cut in front of Ready to Repeat, causing the gelding to change course. Stewards disallowed a claim of foul. Banke sold Ready to Repeat for $60,000 at the 2019 Keeneland September Yearling sale.
Banke is excited about Stonestreet's Irish filly, Campanelle, who is expected to join the band at the end of her racing career. Banke gave $243,773 for the Kodiac (GB) filly at the 2019 Tattersalls October Yearling Sale.
"[Barbara Banke] loves coming to Royal Ascot every year, and she wanted to buy two or three fillies who could run there," said Ben McElroy (who purchased the filly). "Campanelle looked like she'd fit the bill, and she did."
Undefeated in three starts, Campanelle earned a Breeders' Cup "Win and You're In" berth when in August she won the Gr1 Darley Prix Morny—Finale des Darley Series in France. She is expected to start in the Gr1 Breeders' Cup Juvenile Fillies Turf on November 6 at Keeneland, her home track.
"We bought her as a yearling, and she’s now a Gp1 winner in Europe," Banke said. "And she’s going to be a great broodmare in her future, hopefully a long way from now."
Banke's philosophy is simple: "We try to get the best mares, or if we don’t buy the best mares, we try to buy the best fillies and race them and go from there. And, of course, then we breed them to great stallions,"
Although Stonestreet does not maintain a stallion division, it holds interests in eight stallions: leading sire Curlin and his sons Jess's Dream, out of Rachel Alexandra, Union Jackson, out of Hot Dixie Chic, and 2017 champion two-year-old Good Magic, out of Glinda the Good; Racing Hall of Fame member Ghostzapper, 2004's Horse of the Year and champion older horse; Gr1 winners Carpe Diem (2015 Blue Grass Stakes) and The Factor (2011 Malibu Stakes); and multiple-graded stakes winner Kantharos.
Banke said that, at present, she has no interest in standing stallions. But she added, "Maybe. Never say never." …
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