8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

       Date of Report (date of earliest event reported): November 20, 2007

                               S.Y. BANCORP, INC.
             (Exact name of registrant as specified in its charter)



         Kentucky                    1-13661                  61-1137529
         --------                    -------                  ----------
      (State or other        (Commission File Number)      (I.R.S. Employer
      jurisdiction of                                     Identification No.)
     incorporation or
       organization)


               1040 East Main Street, Louisville, Kentucky, 40206
               --------------------------------------------------
                    (Address of principal executive offices)


                                 (502) 582-2571
                                 --------------
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

|_|  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))







ITEM 8.01. OTHER EVENTS.

On November 21, 2007, the Company announced that the Company's Board of
Directors has authorized a new share repurchase plan, which authorizes the
repurchase of up to 550,000 shares, or approximately 4% of the Company's total
common shares outstanding, and will expire in November 2008 unless otherwise
extended or completed at an earlier date. The new plan replaces the share
repurchase plan just completed, which was expanded in July 2007 to a total of
567,500 shares, 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.

In connection with the new share  repurchase plan, the Company has again adopted
Rule 10b5-1 stock trading plan. Pursuant to the plan, a broker, on behalf of the
Company,  may repurchase up to 550,000  shares,  the total number of shares that
remain  authorized under the Company's stock repurchase plan. From and including
November 21, 2007,  through February 15, 2008, the trading plan authorizes daily
share  repurchases  equal to the  lesser  of (a)  7,500  shares,  (b) 25% of the
Company's  average  daily  trading  volume for the prior four weeks,  or (c) the
limitations  set by Exchange  Act Rule  10b-18.  The broker  will have  complete
discretion  to determine the dates of purchase  during the plan period.

A press  release  announcing  the Company's  new share  repurchase  plan and new
10b5-1 trading plan is attached as Exhibit 99.1 to this Form 8-K.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

     D. Exhibits

        99.1  Press Release dated November 21, 2007.


                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date: November 21, 2007             S.Y. BANCORP, INC.

                                    By: /s/ Nancy B. Davis
                                        --------------------------------------
                                        Nancy B. Davis, Executive Vice
                                        President, Treasurer and Chief
                                        Financial Officer

EX-99.1

                                                                    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 our ongoing commitment to
enhance shareholder value and provides greater flexibility to utilize
our equity in the most efficient manner as we pursue our growth
objectives."

    As before, the Company has established a Rule 10b5-1 stock trading
plan in connection with its authorized stock repurchase program.
Pursuant to the plan, a broker, on behalf of the Company, will
repurchase up to 550,000 shares, the total number of shares that
remain authorized under the Company's stock repurchase plan. From and
including November 21, 2007, through February 15, 2008, the trading
plan authorizes daily share repurchases equal to the lesser of (a)
7,500 shares, (b) 25% of the Company's average daily trading volume
for the prior four weeks, or (c) the limitations set by Exchange Act
Rule 10b-18. The broker will have complete discretion to determine the
dates of purchase during the plan period.

    Louisville, Kentucky-based S.Y. Bancorp, Inc., with $1.410 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.

    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.
             Nancy B. Davis
             Executive Vice President,
             Treasurer and Chief Financial Officer
             502-625-9176