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CUSIP No.  785060104

 

1.         Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above Persons

            Stock Yards Bank & Trust Company

            61-0354170

 

2.         Check the Appropriate Row if a Member of a Group

            (a)                   

            (b)          X      

 

3.         SEC Use Only __________________________________________________________

 

4.         Citizenship or Place of Organization

            Kentucky

 

Number of Shares Beneficially Owned by Each Reporting Person With:

 

5.         Sole Voting Power                                                                                       816,926

6.         Shared Voting Power                                                                                   

7.         Sole Dispositive Power                                                                                364,629

8.         Shared Dispositive Power                                                                            227,675

9.         Aggregate Amount Beneficially Owned by Each Reporting Person                818,186

10.       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)                                                                                        

11.       Percent of Class Represented by Amount in Row 9                                         6.07%

12.       Type of Reporting Person                                                                                 BK

 

 

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Item 1.(a)    Name of Issuer:

                     S.Y. Bancorp, Inc.

 

Item 1.(b)    Address of Issuer's Principal Executive Offices:

                     1040 East Main Street
                     Louisville, KY  40206

 

Item 2.(a)    Name of Person Filing:

                     Stock Yards Bank & Trust Company

 

Item 2.(b)    Address of Principal Business Office, or if None, Residence:

                     Same as 1(b)

 

Item 2.(c)     Citizenship:

                     A Kentucky Corporation

 

Item 2.(d)    Title of Class of Securities:

                     Common Stock

 

Item 2.(e)     CUSIP Number:

                     785060104

 

Item 3.         If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

                     (b)           [X]  Bank as defined in Section 3(a)(6) of the Act

 

Item 4.         Ownership.

(a)      Amount Beneficially Owned:

The Bank, in its various fiduciary capacities as agent, personal representative, custodian and trustee, is the beneficial owner (as that term is defined in Rule 13d-3) of 818,186 shares of the Common Stock, no par value, of S.Y. Bancorp, Inc., the Bank's parent company.

 

(b)      Percent of Class:

6.07%

 

(c)      Number of Shares as to which such person has:

(i)        sole power to vote or to direct the vote

            816,926

(ii)       shared power to vote or to direct the vote

                       0

(iii)      sole power to dispose or to direct the disposition of

            364,629

(iv)      shared power to dispose or to direct the disposition of

            227,675

 

Item 5.         Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.  [   ]

 

Item 6.         Ownership of More than Five Percent on Behalf of Another Person.

Other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, certain of the securities held by the Bank in its various fiduciary capacities.

 

Item 7.         Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable.

 

Item 8.         Identification and Classification of Members of the Group.

Not Applicable.

 

Item 9.         Notice of Dissolution of Group.

Not Applicable

 

Item 10.       Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of such securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

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SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

January 15, 2009

 

 

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