Exhibit 99.1

               S.Y. Bancorp Increases Regular Quarterly
  Cash Dividend 7.7% to $0.14 Per Common Share; Company Also Extends
                        Stock Repurchase Plan

    LOUISVILLE, Ky.--(BUSINESS WIRE)--Feb. 22, 2006--S.Y. Bancorp,
Inc. (NASDAQ:SYBT), parent company of Stock Yards Bank & Trust Company
in Louisville, southern Indiana and Indianapolis, today announced that
its Board of Directors has voted to increase the regular quarterly
cash dividend 7.7% to $0.14 per common share. The new dividend rate
will be paid on April 3, 2006, to shareholders of record as of March
17, 2006.
    Separately, the Company announced that the Board also extended the
Company's stock repurchase plan's expiration date to February 2007.
First implemented in 1999, the Company's most recent stock buyback
plan authorized the repurchase of up to 550,000 shares on a
split-adjusted basis. To date, the Company has repurchased
approximately 186,000 shares at an average cost of $23.31 per share.
Under the program, S.Y. Bancorp may purchase shares from time to time
at prevailing prices in open market transactions, subject to market
conditions, share price and other considerations. Unsolicited
negotiated transactions also are permitted. The Company cannot assure
the exact number of shares to be repurchased prior to the expiration
date of the plan.
    Commenting on the announcements, David P. Heintzman, President and
Chief Executive Officer, said, "We are pleased that our operations
again permit us to increase the quarterly cash dividend rate. As we
continue to expand our business and market reach, we also see the
merit in creating greater value for our stockholders over time through
higher dividend payments, as business conditions allow. In addition,
the expansion of our stock repurchase plan underscores our commitment
to enhancing shareholder value and provides us with additional
flexibility to utilize our growing capital base in the most efficient
manner as we work to attain that goal." Heintzman added that the Board
considers S.Y. Bancorp common stock to be an attractive investment at
this time.

    Louisville, Kentucky-based S.Y. Bancorp, Inc., with $1.3 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. S.Y. Bancorp, Inc. also is the parent company of
S.Y. Bancorp Capital Trust I, a Delaware statutory business trust that
is a 100%-owned finance subsidiary. The Company's Trust Preferred
securities are listed on the Amex under the symbol SYI PR.

    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.



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