EXHIBIT 99.1

            Richard A. Lechleiter Joins S.Y. Bancorp Board

    LOUISVILLE, Ky.--(BUSINESS WIRE)--May 16, 2007--S.Y. Bancorp, Inc.
(NASDAQ:SYBT), parent company of Stock Yards Bank & Trust Company,
with offices in Louisville, southern Indiana and Indianapolis, today
announced that Richard A. Lechleiter has been elected to the Company's
Board of Directors.

    Lechleiter (age 49), a Certified Public Accountant, is Chief
Financial Officer of Kindred Healthcare, Inc., a Fortune 500
healthcare services company, based in Louisville. Lechleiter joined
Kindred's predecessor company in 1995 and, during his tenure with the
company, has served in various financial capacities. Prior to joining
Kindred, Lechleiter served in various financial officer capacities
with Columbia/HCA Healthcare Corp., Galen Health Care, and Humana Inc.

    Commenting on the announcement, David Heintzman, Chairman and
Chief Executive Officer, said, "With the retirement of Dr. Stanley A.
Gall from our board earlier this year, we are pleased to be able to
maintain the number of independent directors with the addition of Rich
Lechleiter. Rich, who has considerable public company experience in
the areas of finance and accounting, will join the board's Audit
Committee. As a native of Louisville and with a strong connection to
the city's business community, Rich shares our commitment to and
enthusiasm for our home town. His financial background makes him a
particularly valuable addition to the Board, and we look forward to
his participation and his counsel about the future direction for S.Y.
Bancorp."

    Lechleiter received his B.S.B.A in Accounting from Xavier
University in Cincinnati, Ohio, in 1979. He is a member of the Finance
Committee for Louisville's Metro United Way and serves on the Board of
Directors of the Catholic Education Foundation.

    S.Y. Bancorp, Inc., with $1.414 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 in Louisville, Kentucky, and now has offices in metropolitan
Louisville and Indianapolis. The Company's stock trades on NASDAQ
under the symbol SYBT.

    This release 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.

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