Stock Yards Bancorp Names Michael W. Woods as Principal Accounting Officer
Rhea-AI Summary
Stock Yards Bancorp (NASDAQ: SYBT) has appointed Michael W. Woods as Principal Accounting Officer, effective immediately. Woods brings over 25 years of experience in financial reporting, internal control, and strategic planning. He previously served as SVP and Corporate Controller at Old National Bancorp from 2017, where he also held the role of Principal Accounting Officer until 2022.
Woods, a Certified Public Accountant since 1993, has held various financial and accounting roles at FirstMerit Corporation, KeyCorp, and other financial institutions. The appointment strengthens the financial operations of Stock Yards Bancorp, which currently manages $9.21 billion in assets and operates across Kentucky, Indiana, and Ohio markets.
Positive
- Appointment of experienced executive with 25+ years in financial reporting and controls
- New PAO brings significant banking sector expertise from major institutions
- Strategic hire to support company's continued growth initiatives
Negative
- None.
News Market Reaction – SYBT
In the Sep 3 session, SYBT declined 0.91%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOUISVILLE, Ky., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Michael W. Woods has joined the Company as Principal Accounting Officer effective immediately.
Michael Woods is a Certified Public Accountant with over 25 years of experience in financial reporting, internal control, and strategic planning. Before joining the Company, Mr. Woods served as SVP and Corporate Controller at Old National Bancorp starting in 2017, and held the role of Principal Accounting Officer of Old National Bancorp from 2017 to 2022. Before joining Old National Bancorp, Mr. Woods served in various financial and accounting roles at FirstMerit Corporation, KeyCorp, and other financial institutions, including as Co-Acting Corporate Controller of FirstMerit. Mr. Woods holds a bachelor’s degree in business administration from The Ohio State University, and earned his CPA in 1993.
“We are excited to welcome Michael to the Bank as Principal Accounting Officer,” said James A. (Ja) Hillebrand, Chairman and Chief Executive Officer. “Michael brings a wealth of knowledge, with years of hands-on experience leading complex accounting functions, implementing financial controls, and navigating regulatory requirements. His expertise makes him the ideal choice to strengthen our financial operations and support our continued growth.”
Louisville, Kentucky-based Stock Yards Bancorp, Inc., with
| Contact: | T. Clay Stinnett |
| Executive Vice President, | |
| Treasurer and Chief Financial Officer | |
| (502) 625-0890 |
