Stock Yards Bancorp Welcomes Michael W. Woods to Leadership

Stock Yards Bancorp Welcomes Michael W. Woods
Stock Yards Bancorp, Inc. (NASDAQ: SYBT) has made a significant addition to its leadership team with the appointment of Michael W. Woods as the new Principal Accounting Officer. This move reflects the company’s commitment to enhancing its financial operations and strategic planning.
Michael Woods: A Seasoned Professional
Bringing over 25 years of experience in the finance sector, Michael Woods is a Certified Public Accountant with a rich history in financial reporting and internal controls. His career includes notable positions such as Senior Vice President and Corporate Controller at Old National Bancorp, where he served from 2017 until earlier this year. His prior roles at FirstMerit Corporation and KeyCorp further cement his expertise in navigating complex financial landscapes.
Expertise That Counts
Woods' appointment is anticipated to propel Stock Yards Bancorp’s financial strategies. His extensive knowledge in implementing financial controls and ensuring compliance with regulatory requirements positions him as a vital asset. James A. Hillebrand, Chairman and CEO, expressed enthusiasm about Woods joining the team, highlighting his hands-on experience in leadership roles.
A Glance at Stock Yards Bancorp
Founded in 1988, Stock Yards Bancorp, Inc. holds a robust asset portfolio of approximately $9.21 billion. The parent company of Stock Yards Bank & Trust Company, which has served customers since 1904, the firm operates across several regions including Louisville and parts of Indiana and Ohio. Common shares of the company are traded on the Nasdaq under the symbol “SYBT.”
Looking Ahead
With Woods stepping into his new role, Stock Yards Bancorp is poised to enhance its accounting functions and further its growth strategy in the competitive banking sector. His breadth of experience is expected to be a game-changer for the organization as it charts a path toward future success.
Frequently Asked Questions
Who is Michael W. Woods?
Michael W. Woods is the newly appointed Principal Accounting Officer at Stock Yards Bancorp, bringing extensive experience in accounting and finance.
What is Stock Yards Bancorp known for?
Stock Yards Bancorp is known for being a significant bank holding company based in Louisville, serving customers with banking solutions since 1904.
What does NASDAQ: SYBT signify?
NASDAQ: SYBT is the stock ticker symbol for Stock Yards Bancorp, representing its publicly traded shares on the Nasdaq Stock Market.
What prior experience does Woods have?
Before joining Stock Yards Bancorp, Woods was the SVP and Corporate Controller at Old National Bancorp and held various financial roles at FirstMerit and KeyCorp.
How does Woods’ experience benefit Stock Yards Bancorp?
Woods' expertise in financial reporting and internal controls will enhance the bank's accounting functions and support compliance with regulatory requirements.
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