S.Y. Bancorp Completes Current Stock Repurchase Plan

Exhibit 99.1

S.Y. Bancorp Completes Current Stock Repurchase Plan;

Initiates New Plan to Continue Stock Buy-Back Initiative

LOUISVILLE, Ky.--(BUSINESS WIRE)--Nov. 21, 2007--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 announced that it has completed its

current share repurchase plan, involving the buy-back of 567,500

shares since July 2007, of which 423,624 were repurchased under the

Company's previously announced Rule 10b5-1 stock trading plan. The

average cost per share for the just-completed repurchase plan was

$25.68.

Accordingly, the Company's Board of Directors has authorized a new

share repurchase plan to replace the one just completed. The new plan,

authorizing the repurchase of 550,000 shares, or approximately 4% of

the Company's total common shares outstanding, will expire in November

2008 unless otherwise extended or completed at an earlier date. The

Company cannot assure the exact number of shares to be repurchased

prior to the expiration date of the plan.

Commenting on the announcement, David Heintzman, Chairman and

Chief Executive Officer, said, "We are pleased to announce the

successful completion of our stock repurchase program and look forward

to continuing these capital management efforts with the new plan. The

Company's record of strong earnings growth has enabled us to build a

sound equity base to support our business development and expansion

initiatives. Today's action by the Board to initiate a replacement

plan for the one just completed signifies ou