S.Y. Bancorp Declares Regular Quarterly Cash Dividend of $0.14 Per Common Share; Effect of Recent Stock Dividend Increases Cash Payout 5%.

LOUISVILLE, Ky. -- 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 declared a regular quarterly cash dividend of $0.14 per common share. The new dividend rate will be paid on July 1, 2006, to shareholders of record as of June 16, 2006.

Because of the Company's recent declaration of a stock dividend, the Company's upcoming dividend payment will be made on both old and new shares, effectively increasing the cash payment 5% from the previous quarter.

Commenting on the announcement, David P. Heintzman, Chairman and Chief Executive Officer, said, "We are delighted that we can again increase the Company's cash returns to shareholders. Over the last 12 months, S.Y. Bancorp has increased the effective dividend rate three times and, now, through the operation of our upcoming stock dividend distribution and the additional shares that will be outstanding at the time of this payment, we have increased the total return to shareholder even more. As we continue to expand the breadth and reach of our business, and as business conditions allow, we remain committed to creating greater value for our stockholders over time through growth in our dividend payout."

Louisville, Kentucky-based S.Y. Bancorp, Inc., with $1.36 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.