Stock Yards Bancorp (SYBT) 8-K S.Y. Bancorp Second Quarter 2010 Earnings Increase 29% to $0.40 Per Diluted Share

Exhibit 99.1

S.Y. Bancorp Second Quarter 2010 Earnings Increase 29% to $0.40 Per Diluted Share

LOUISVILLE, Ky.--(BUSINESS WIRE)--July 21, 2010--S.Y. Bancorp, Inc. (NASDAQ:SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville metropolitan area, Indianapolis and Cincinnati, today reported financial results for the second quarter and first half of 2010. Net income per diluted share for the second quarter of 2010 totaled $0.40, up 29% from the year-earlier quarter, while net income per diluted share for the first six months of the year rose 17% to $0.77. The Company's higher earnings reflected solid loan growth over the past year coupled with a steadily improving net interest margin, together driving a 16% increase in net interest income for the quarter compared with the year-earlier period. Higher fees from investment management and trust services also contributed to the Company's improved results, and the substantial FDIC special assessment in the second quarter of 2009 was another factor in the favorable quarterly and year-to-date comparisons. The following is a summary of results for the second quarter and six months ended June 30, 2010 and 2009:

Quarter Ended June 30,	2010			2009			Change
Net income	$	5,556,000		$	4,288,000		30%
Net income per share, diluted	$	0.40		$	0.31		29%
Return on average equity		13.93	%		11.53	%
Return on average assets		1.23	%		1.01	%
Six Months Ended June 30,	2010			2009			Change
Net income	$	10,537,000		$	9,025,000		17%
Net income per share, diluted	$	0.77		$	0.66		17%
Return on average equity		13.35	%		12.33	%
Return on average assets		1.18	%		1.10	%

"We are very pleased to report strong and accelerating earnings growth for the second quarter, which underscores our continued focus on the fundamentals of our business," said David Heintzman, Chairman and Chief Executive Officer. "These include our ability to provide a broad selection of financial services with unrivaled customer service, diversify our business geographically across three economically attractive markets, and maintain solid credit quality. The first two of these factors help explain the success we have achieved in both our home market of Louisville as well as our expansion markets in Indianapolis and Cincinnati, which have contributed 46% of our total loan growth and 66% of our deposit growth over the past year – demonstrating an enthusiastic response by customers to Stock Yards Bank & Trust's style of community banking. It's also seen in the growth we have experienced in our investment management and trust services department, where assets under management have increased to $1.50 billion at June 30, 2010, from $1.38 billion a year ago, reflecting both the general rise in stock market values as well as new account growth.

"We are fortunate in that our consistent credit practices have helped maintain sound credit quality in our portfolio," Heintzman continued. "While credit costs continue to be elevated following more than a year of recessionary conditions, the level of non-performing loans has been stable in 2010 and is still well below the typical level for our peers, and our net charge-offs remain very low. However, until the economy strengthens sufficiently to bring this challenging credit cycle to an end, the risk of increased problem loans continues."

Concluding, Heintzman said, "Although the near-term economic outlook continues to be unsettled, we are cautiously optimistic that the worst of the recession is behind us. Clearly, risks remain high until the economic recovery gains better traction, real estate values stabilize and unemployment levels begin to decline meaningfully. Still, we believe the tried and proven growth strategies we have in place, based on a conservative foundation and a customer-driven culture, can continue to produce solid and consistent growth over the long term."

S.Y. Bancorp's total assets increased 6% to $1.859 billion at June 30, 2010, from $1.747 billion at June 30, 2009, and 3% from $1.802 billion at March 31, 2010. The Company's loan portfolio rose 6% to $1.477 billion at June 30, 2010, from $1.399 billion at June 30, 2009, and 3% from $1.441 billion at March 31, 2010. Deposits increased 10% to $1.474 billion at June 30, 2010, compared with $1.337 billion a year ago, and were up 3% from $1.435 billion at March 31, 2010.

In the second quarter of 2010, capital levels remained in excess of what is required to be considered "well-capitalized" under regulatory standards – the highest capital rating for financial institutions. The Tier 1 leverage ratio, Tier 1 risk-based capital ratio and total risk-based capital ratio at June 30, 2010, were 10.36%, 11.83% and 13.71%, respectively, all exceeding the required minimums of 5%, 6% and 10%, respectively, necessary to be deemed a well-capitalized institution. The ratio of tangible common equity to total tangible assets was 8.68% of total assets as of June 30, 2010, versus 8.70% of total assets as of March 31, 2010, and 8.52% at June 30, 2009 (see reconciliation of GAAP/non-GAAP measures later in this release).

Net interest income – the Company's largest source of revenue – increased $2,230,000 or 16% in the second quarter of 2010 compared with the year-earlier period. This increase primarily reflected a higher level of interest-earning assets year over year as well as an ongoing improvement in net interest margin. In the second quarter of 2010, net interest margin of 3.97% was up 13 basis points from 3.84% in the first quarter of 2010 and was 31 basis points higher versus 3.66% in the second quarter of 2009. For the first half of 2010, net interest income increased $3,916,000 or 14% compared with the prior-year period. Net interest margin for the first half of 2010 rose 18 basis points to 3.91% from 3.73% a year ago.

Non-performing loans (NPLs) totaled $13,804,000 or 0.93% of total period-end loans outstanding at June 30, 2010, little changed compared with $13,482,000 or 0.94% of total period-end loans outstanding at March 31, 2010, but up from $8,820,000 or 0.63% of period-end loans at June 30, 2009. The increase over the past year reflected the ongoing economic stress witnessed in 2009, which has continued into 2010. Non-performing assets (NPAs), which include non-performing loans, other real estate owned (OREO) and repossessed assets, reflected similar trends and totaled $15,842,000 or 0.85% of total assets at June 30, 2010, again little changed from $16,091,000 or 0.89% of total assets at March 31, 2010, but up from $10,440,000 or 0.60% of total assets at June 30, 2009. At current levels, the relative amounts of NPLs and NPAs continue to trend at the high end of the historic range for these metrics over the past five years, but remain substantially below industry averages.

Net charge-offs in the second quarter of 2010 totaled $1,262,000 or 0.09% of average loans versus $884,000 or 0.06% of average loans in the first quarter of 2010 and $1,331,000 or 0.10% of average loans in the year-earlier quarter. Net charge-offs for the first six months of 2010 currently annualize to 0.30% of average loans, a level well below that for the full year 2009 and notable considering current economic conditions.

OREO and repossessed assets declined sequentially in the second quarter of 2010 reflecting successful collateral sales. Should market conditions worsen and foreclosed assets increase significantly, the Company's flexibility to approach collateral sales in an orderly fashion to minimize losses may be reduced and management may be forced to liquidate problem loans more rapidly, thus increasing the loss on these assets.

The Company's loan loss provision for the second quarter of 2010 was $2,384,000 compared with $2,200,000 in the year-earlier period and $2,695,000 in the first quarter of 2010. The increased provision for the first quarter of 2010 resulted from a consistent allowance methodology that is driven by risk ratings. Since the Company is unable to determine how long business and economic conditions will continue to be depressed or when they will begin to improve meaningfully, S.Y. Bancorp intends to continue with its historically conservative stance toward credit quality, remaining cautious in assessing the potential risk in the loan portfolio. The Company's allowance for loan losses was 1.55% of total loans at June 30, 2010, versus 1.51% of total loans at March 31, 2010, and 1.22% at June 30, 2009.

Non-interest income declined $78,000 or 1% to $7,986,000 in the second quarter compared with $8,064,000 in the same quarter last year. This decrease reflected primarily due to a decline of $510,000 in the value of the domestic private equity fund, which more than offset a $431,000 or 15% increase in investment management and trust services income, the largest component of non-interest income, due to account growth. Non-interest income increased $1,394,000 or 10% to $16,019,000 in the first half of 2010 compared with $14,625,000 in the year-earlier period, reflecting primarily growth in investment management and trust services income as well as higher bankcard transaction revenue and service charges on deposit accounts. Also included in the first half was an increase of $227,000 of the value of the domestic private equity fund, partially offset by a decrease of $144,000 in fees related to mortgage banking.

Non-interest expense increased $414,000 or 3% to $14,444,000 in the second quarter of 2010 versus $14,030,000 in the same period last year. The increase reflected higher salaries and employee benefits expense due to increased staffing levels, primarily related to the Company's expansion in Cincinnati last year, profit-related bonus accruals, and higher health insurance costs, as well as increased net occupancy expense in Cincinnati. These increases were partially offset by lower FDIC insurance expense for the second quarter of 2010 following a special assessment of $786,000 in the year-earlier period. Non-interest expense increased $1,960,000 or 7% to $28,259,000 in the first half of 2010 compared with $26,299,000 in the year-earlier period primarily due to the same factors. The Company's second quarter efficiency ratio was 58.10% compared with 61.96% in the second quarter of 2009.

In May 2010, S.Y. Bancorp's Board of Directors declared its regular quarterly cash dividend of $0.17 per share. The latest dividend was distributed on July 1, 2010, to stockholders of record as of June 14, 2010.

Louisville, Kentucky-based S.Y. Bancorp, Inc., with $1.9 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company's common shares trade on the NASDAQ Global Select Market under the symbol SYBT. The trust preferred securities of S.Y. Bancorp Capital Trust II also trade on the NASDAQ Global Select Market under the symbol SYBTP.

This report contains forward-looking statements under the Private Securities Litigation Reform Act that involve risks and uncertainties. Although the Company's management believes the assumptions underlying the forward-looking statements contained herein are reasonable, any of these assumptions could be inaccurate. Therefore, there can be no assurance the forward-looking statements included herein will prove to be accurate. Factors that could cause actual results to differ from those discussed in forward-looking statements include, but are not limited to: economic conditions both generally and more specifically in the markets in which the Company and its subsidiaries operate; competition for the Company's customers from other providers of financial services; government legislation and regulation, which change from time to time and over which the Company has no control; changes in interest rates; material unforeseen changes in liquidity, results of operations, or financial condition of the Company's customers; and other risks detailed in the Company's filings with the Securities and Exchange Commission, all of which are difficult to predict and many of which are beyond the control of the Company.

The following table provides a reconciliation of total stockholders' equity to tangible common equity in accordance with applicable regulatory requirements and GAAP. The Company provides the tangible common equity ratio, in addition to those defined by banking regulators, because of its widespread use by investors as a means to evaluate capital adequacy.

S.Y. Bancorp, Inc.
Tangible Common Equity Ratio
(Amounts in thousands)
	June 30,			March 31,			June 30,
	2010			2010			2009
Total stockholders' equity (a)	$	162,035		$	157,336		$	149,524
Less goodwill		(682	)		(682	)		(682	)
Tangible common equity (c)	$	161,353		$	156,654		$	148,842
Total assets (b)	$	1,859,478		$	1,801,977		$	1,746,759
Less goodwill		(682	)		(682	)		(682	)
Tangible assets (d)	$	1,858,796		$	1,801,295		$	1,746,077
Total stockholders' equity to total assets (a/b)		8.71	%		8.73	%		8.56	%
Tangible common equity ratio (c/d)		8.68	%		8.70	%		8.52	%

S. Y. Bancorp, Inc. Financial Information
Second Quarter 2010 Earnings Release
(In thousands unless otherwise noted)
	Second Quarter Ended				Six Months Ended
	June 30,				June 30,
	2010		2009		2010		2009
Income Statement Data
Net interest income, fully tax equivalent (1)	$	16,873	$	14,581	$	32,944	$	28,952
Interest income
Loans	$	19,715	$	19,204	$	38,929	$	37,947
Federal funds sold		19		17		44		20
Mortgage loans held for sale		53		105		119		181
Securities		1,661		1,471		3,313		3,166
Total interest income		21,448		20,797		42,405		41,314
Interest expense
Deposits		3,394		4,664		7,076		9,337
Securities sold under agreements to repurchase		81		49		168		108
Federal funds purchased		8		16		17		38
Federal Home Loan Bank advances		556		868		1,081		1,648
Subordinated debentures		862		883		1,722		1,758
Total interest expense		4,901		6,480		10,064		12,889
Net interest income		16,547		14,317		32,341		28,425
Provision for loan losses		2,384		2,200		5,079		3,825
Net interest income after provision for loan losses		14,163		12,117		27,262		24,600
Non-interest income
Investment management and trust income		3,232		2,801		6,493		5,472
Service charges on deposit accounts		2,119		2,038		4,003		3,849
Bankcard transaction revenue		863		747		1,614		1,406
Gains on sales of mortgage loans held for sale		445		444		830		943
Gain (loss) on the sale of securities		-		-		-		-
Brokerage commissions and fees		503		437		959		822
Bank owned life insurance		248		245		491		488
Other non-interest income		576		1,352		1,629		1,645
Total non-interest income		7,986		8,064		16,019		14,625
Non-interest expense
Salaries and employee benefits expense		8,319		7,669		16,408		15,069
Net occupancy expense		1,296		1,013		2,572		2,021
Data processing expense		1,322		1,248		2,459		2,279
Furniture and equipment expense		321		307		635		599
FDIC insurance expense		531		1,245		1,002		1,667
Other non-interest expenses		2,655		2,548		5,183		4,664
Total non-interest expense		14,444		14,030		28,259		26,299
Net income before income tax expense		7,705		6,151		15,022		12,926
Income tax expense		2,149		1,863		4,485		3,901
Net income	$	5,556	$	4,288	$	10,537	$	9,025
Weighted average shares - basic		13,690		13,564		13,668		13,532
Weighted average shares - diluted		13,790		13,729		13,752		13,683
Net income per share, basic	$	0.41	$	0.32	$	0.77	$	0.67
Net income per share, diluted		0.40		0.31		0.77		0.66
Cash dividend declared per share		0.17		0.17		0.34		0.34
Balance Sheet Data (at period end)
Total loans					$	1,477,304	$	1,398,679
Allowance for loan losses						22,933		17,077
Total assets						1,859,478		1,746,759
Non-interest bearing deposits						250,427		205,403
Interest bearing deposits						1,223,404		1,131,610
Federal home loan bank advances						70,448		90,458
Subordinated debentures						40,900		40,930
Stockholders' equity						162,035		149,524
Total shares outstanding						13,695		13,580
Book value per share						11.83		11.01
Market value per share						22.98		24.17

S. Y. Bancorp, Inc. Financial Information
Second Quarter 2010 Earnings Release
	Second Quarter Ended						Six Months Ended
	June 30,						June 30,
	2010			2009			2010			2009
Average Balance Sheet Data
Average federal funds sold	$	32,260		$	30,751		$	43,233		$	17,348
Average investment securities		206,778			170,572			202,607			165,790
Average loans		1,460,147			1,390,379			1,449,203			1,375,964
Average earning assets		1,703,151			1,599,655			1,699,431			1,566,049
Average assets		1,813,302			1,694,508			1,804,996			1,661,208
Average interest bearing deposits		1,216,096			1,116,202			1,213,795			1,098,282
Average total deposits		1,441,865			1,311,330			1,433,976			1,287,681
Average securities sold under agreement to repurchase		51,028			43,804			53,225			48,182
Average federal funds purchased		17,217			27,023			17,458			21,928
Average short-term borrowings		1,281			1,059			1,269			1,048
Average long-term debt		105,964			125,015			103,672			118,048
Average interest bearing liabilities		1,391,586			1,313,103			1,389,419			1,287,488
Average stockholders' equity		159,983			149,113			159,122			147,631
Performance Ratios
Annualized return on average assets		1.23	%		1.01	%		1.18	%		1.10	%
Annualized return on average equity		13.93	%		11.53	%		13.35	%		12.33	%
Net interest margin, fully tax equivalent		3.97	%		3.66	%		3.91	%		3.73	%
Non-interest income to total revenue, fully tax equivalent		32.13	%		35.61	%		32.72	%		33.56	%
Efficiency ratio		58.10	%		61.96	%		57.72	%		60.35	%
Capital Ratios
Average stockholders' equity to average assets		8.82	%		8.80	%		8.82	%		8.89	%
Tier 1 risk-based capital								11.83	%		11.55	%
Total risk-based capital								13.71	%		13.31	%
Leverage								10.36	%		10.49	%
Loans by Type
Commercial and industrial							$	315,462		$	347,180
Construction and development								182,436			193,855
Real estate mortgage - commercial investment								337,830			286,237
Real estate mortgage - owner occupied commercial								304,540			226,755
Real estate mortgage - 1-4 family residential								161,466			153,316
Home equity - first lien								41,043			39,858
Home equity - junior lien								98,119			116,946
Consumer								36,408			34,532
Asset Quality Data
Allowance for loan losses to total loans								1.55	%		1.22	%
Allowance for loan losses to average loans		1.57	%		1.23	%		1.58	%		1.24	%
Allowance for loan losses to non-performing loans								166.13	%		193.62	%
Nonaccrual loans							$	9,640		$	6,123
Troubled debt restructuring								3,548			773
Loans - 90 days past due & still accruing								616			1,924
Total non-performing loans								13,804			8,820
OREO and repossessed assets								2,038			1,620
Total non-performing assets								15,842			10,440
Non-performing loans to total loans								0.93	%		0.63	%
Non-performing assets to total assets								0.85	%		0.60	%
Net charge-offs to average loans (2)		0.09	%		0.10	%		0.15	%		0.15	%
Net charge-offs	$	1,262		$	1,331		$	2,146		$	2,129
Other Information
Total assets under management (in millions)							$	1,499		$	1,375
Full-time equivalent employees								474			457

S. Y. Bancorp, Inc. Financial Information
Second Quarter 2010 Earnings Release
	Five Quarter Comparison
	6/30/10		3/31/10		12/31/09			9/30/09		6/30/09
Income Statement Data
Net interest income, fully tax equivalent (1)	$	16,873	$	16,071	$	15,797		$	14,980	$	14,581
Net interest income	$	16,547	$	15,794	$	15,533		$	14,717	$	14,317
Provision for loan losses		2,384		2,695		5,475			3,475		2,200
Net interest income after provision for loan losses		14,163		13,099		10,058			11,242		12,117
Investment management and trust income		3,232		3,261		2,977			2,731		2,801
Service charges on deposit accounts		2,119		1,884		2,129			2,120		2,038
Bankcard transaction revenue		863		751		758			745		747
Gains on sales of mortgage loans held for sale		445		385		553			667		444
Gain (loss) on the sale of securities		-		-		(339	)		-		-
Brokerage commissions and fees		503		456		491			436		437
Bank owned life insurance		248		243		251			249		245
Other non-interest income		576		1,053		627			1,253		1,352
Total non-interest income		7,986		8,033		7,447			8,201		8,064
Salaries and employee benefits expense		8,319		8,089		7,509			7,569		7,669
Net occupancy expense		1,296		1,276		1,104			1,060		1,013
Data processing expense		1,322		1,137		1,109			1,091		1,248
Furniture and equipment expense		321		314		319			316		307
FDIC Insurance expense		531		471		549			471		1,245
Other non-interest expenses		2,655		2,528		3,015			2,521		2,548
Total non-interest expense		14,444		13,815		13,605			13,028		14,030
Net income before income tax expense		7,705		7,317		3,900			6,415		6,151
Income tax expense		2,149		2,336		1,016			2,016		1,863
Net income	$	5,556	$	4,981	$	2,884		$	4,399	$	4,288
Weighted average shares - basic		13,690		13,645		13,593			13,584		13,564
Weighted average shares - diluted		13,790		13,718		13,680			13,702		13,729
Net income per share, basic	$	0.41	$	0.37	$	0.21		$	0.32	$	0.32
Net income per share, diluted		0.40		0.36		0.21			0.32		0.31
Cash dividend declared per share		0.17		0.17		0.17			0.17		0.17
Balance Sheet Data (at period end)
Total loans	$	1,477,304	$	1,441,196	$	1,435,462		$	1,412,178	$	1,398,679
Allowance for loan losses		22,933		21,811		20,000			19,839		17,077
Total assets		1,859,478		1,801,977		1,791,479			1,763,533		1,746,759
Non-interest bearing deposits		250,427		232,201		211,352			216,490		205,403
Interest bearing deposits		1,223,404		1,202,813		1,206,832			1,145,261		1,131,610
Federal home loan bank advances		70,448		60,450		60,453			90,456		90,458
Subordinated debentures		40,900		40,900		40,930			40,930		40,930
Stockholders' equity		162,035		157,336		153,614			153,265		149,524
Total shares outstanding		13,695		13,683		13,607			13,588		13,580
Book value per share		11.83		11.50		11.29			11.28		11.01
Market value per share		22.98		22.75		21.35			23.09		24.17

S. Y. Bancorp, Inc. Financial Information
Second Quarter 2010 Earnings Release
	Five Quarter Comparison
	6/30/10			3/31/10			12/31/09			9/30/09			6/30/09
Average Balance Sheet Data
Average loans	$	1,460,147		$	1,438,138		$	1,422,930		$	1,391,207		$	1,390,379
Average assets		1,813,302			1,796,599			1,782,938			1,762,706			1,694,508
Average earning assets		1,703,151			1,695,669			1,686,836			1,666,277			1,599,655
Average total deposits		1,441,865			1,425,999			1,388,964			1,361,975			1,311,330
Average long-term debt		105,964			101,355			119,732			131,387			125,015
Average interest bearing liabilities		1,391,586			1,387,228			1,371,245			1,373,296			1,313,103
Average stockholders' equity		159,983			158,252			155,513			152,006			149,113
Performance Ratios
Annualized return on average assets		1.23	%		1.12	%		0.64	%		0.99	%		1.01	%
Annualized return on average equity		13.93	%		12.76	%		7.36	%		11.48	%		11.53	%
Net interest margin, fully tax equivalent		3.97	%		3.84	%		3.72	%		3.57	%		3.66	%
Non-interest income to total revenue, fully tax equivalent		32.13	%		33.33	%		32.04	%		35.38	%		35.61	%
Efficiency ratio		58.10	%		57.31	%		58.53	%		56.20	%		61.96	%
Capital Ratios
Average stockholders' equity to average assets		8.82	%		8.81	%		8.72	%		8.62	%		8.80	%
Tier 1 risk-based capital		11.83	%		11.83	%		11.66	%		11.68	%		11.55	%
Total risk-based capital		13.71	%		13.73	%		13.55	%		13.57	%		13.31	%
Leverage		10.36	%		10.26	%		10.16	%		10.22	%		10.49	%
Loans by Type
Commercial and industrial	$	315,462		$	299,878		$	336,889		$	336,395		$	347,180
Construction and development		182,436			200,529			204,653			198,586			193,855
Real estate mortgage - commercial investment		337,830			320,544			326,421			311,206			286,237
Real estate mortgage - owner occupied commercial		304,540			282,258			230,001			218,611			226,755
Real estate mortgage - 1-4 family residential		161,466			159,733			147,342			155,227			153,316
Home equity - 1st lien		41,043			39,676			41,644			39,566			39,858
Home equity - junior lien		98,119			101,126			108,398			113,132			116,946
Consumer		36,408			37,452			40,114			39,455			34,532
Asset Quality Data
Allowance for loan losses to total loans		1.55	%		1.51	%		1.39	%		1.40	%		1.22	%
Allowance for loan losses to average loans		1.57	%		1.52	%		1.41	%		1.43	%		1.23	%
Allowance for loan losses to non-performing loans		166.13	%		161.78	%		165.28	%		227.93	%		193.62	%
Nonaccrual loans	$	9,640		$	9,546		$	10,455		$	7,166		$	6,123
Troubled debt restructuring		3,548			3,574			753			761			773
Loans - 90 days past due & still accruing		616			362			893			777			1,924
Total non-performing loans		13,804			13,482			12,101			8,704			8,820
OREO and repossessed assets		2,038			2,609			1,616			1,937			1,620
Total non-performing assets		15,842			16,091			13,717			10,641			10,440
Non-performing loans to total loans		0.93	%		0.94	%		0.84	%		0.62	%		0.63	%
Non-performing assets to total assets		0.85	%		0.89	%		0.77	%		0.60	%		0.60	%
Net charge-offs to average loans (2)		0.09	%		0.06	%		0.37	%		0.05	%		0.10	%
Net charge-offs		1,262		$	884		$	5,314		$	713		$	1,331
Other Information
Total assets under management (in millions)	$	1,499		$	1,574		$	1,546		$	1,453		$	1,375
Full-time equivalent employees		474			471			470			467			457
(1) - Interest income on a fully tax equivalent basis includes the additional amount of interest income that would have been earned if investments in certain tax-exempt interest earning assets had been made in assets subject to federal, state and local taxes yielding the same after-tax income.
(2) - Interim ratios not annualized
Certain prior-period amounts have been reclassified to conform with current presentation.

CONTACT:
S.Y. Bancorp, Inc.
Nancy B. Davis, 502-625-9176
Executive Vice President, Treasurer and Chief Financial Officer