S.Y. Bancorp, Inc. · Louisville, KY United States ·(NASDAQ (GS): SYBT)
Company Description
Phone: 502-582-2571
Fax: 502-625-1041
Toll Free: 800-625-9066
View S.Y. Bancorp, Inc. Locations On A US Map
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This link will open in a new window Forget Elsie. S.Y. Bancorp is more interested in a cash cow. It's the holding company of Stock Yards Bank & Trust, which operates about 30 branches primarily in and around Louisville, Kentucky, but also in Indianapolis and Cincinnati. Founded in 1904, the bank targets individuals and regional business customers, offering standard retail services such as checking and savings accounts, credit cards, certificates of deposit, and IRAs. Trust services are also available; brokerage and credit card services are offered through agreements with other banks. Real estate mortgages account for about 50% of the bank's loan portfolio, which also includes commercial (25%), construction, and consumer loans. To read the full description, subscribe now.
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Key S.Y. Bancorp, Inc. Financials
| Company Type | Public - NASDAQ (GS): SYBT Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $84.7 |
| 2008 Employees | 464 |
S.Y. Bancorp, Inc. Executives
22 executives listed for S.Y. Bancorp, Inc.'s Louisville, KY location.
| Title | Name & Bio | Contact |
| Chairman and CEO, S.Y. Bancorp and Stock Yards Bank & Trust | David Heintzman | Network |
| President and Director, S.Y. Bancorp and Stock Yards Bank & Trust | James Hillebrand | Network |
| EVP, Secretary, Treasurer, and CFO, S.Y. Bancorp and Stock Yards Bank and Trust | Nancy Davis | Network |
Competition
Competitive Landscape for S.Y. Bancorp, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top S.Y. Bancorp, Inc. Competitors
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