Exhibit 99.1

                S.Y. Bancorp to Move to the NASDAQ Stock Market

     LOUISVILLE, Ky.--(BUSINESS WIRE)--July 21, 2005--S.Y. Bancorp, Inc., parent
company of Stock Yards Bank & Trust Company in Louisville, southern Indiana and
Indianapolis, today announced that, effective with the opening of trading on
Wednesday, July 27, 2005, shares of the Company's common stock will begin
trading on the NASDAQ National Market under the symbol SYBT. The Company's
common stock previously has traded on the American Stock Exchange under the
symbol SYI.
     "Our move to NASDAQ is an important part of our plan to gain more
visibility for S.Y. Bancorp, increase the liquidity of our shares, and enhance
long-term shareholder value," said David P. Heintzman, Chairman, President and
Chief Executive Officer. "We believe that NASDAQ's multiple market maker system
will help us achieve these goals and position us among other vibrant, innovative
companies that are part of The NASDAQ Stock Market."
     Heintzman noted that the Company's Trust Preferred securities will remain
listed on the Amex and will continue to trade under the symbol SYI PR.
     S.Y. Bancorp, Inc. was incorporated in 1988 as a bank holding company in
Louisville, Kentucky, and is the parent company of Stock Yards Bank & Trust
Company, which has locations in Louisville and southern Indiana, as well as a
branch in Indianapolis. Stock Yards Bank & Trust Company was established in 1904
in Louisville, Kentucky. S.Y. Bancorp, Inc. is also the parent company of S.Y.
Bancorp Capital Trust I, a Delaware statutory business trust that is a
100%-owned finance subsidiary.
     This report contains forward-looking statements under the Private
Securities Litigation Reform Act that involve risks and uncertainties. Although
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
market in which the Company and its subsidiaries operate; competition 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; 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 Company's control.


     CONTACT: S.Y. Bancorp Inc., Louisville
              Nancy B. Davis, 502-625-9176