Stock Yards Bancorp, parent company of Stock Yards Bank & Trust, promoted T. Clay Stinnett to chief financial officer of both companies, effective May 1, 2019. He will succeed Nancy B. Davis, who is retiring from the company on April 30, 2019.
“I am pleased to congratulate Clay on his advancement in our management team. The upcoming expansion of his duties and responsibilities clearly reflect his long service and dedication to Stock Yards Bancorp and his ongoing personal development, not only in the profession of accounting, but also in the strategic and day-to-day operations of the company,” said James A. Hillebrand, Stock Yards CEO. “We are pleased to be able to again draw on talent and capabilities within our organization as we execute our leadership succession plans.
“On behalf of all of us in the company, I also extend our deepest appreciation to Nancy for her tireless work over the last three decades to refine and advance the quality of our financial operation. Her accomplishments take on special significance against the backdrop of an increasingly complex body of accounting rules and an arduous regulatory environment.”
Stinnett currently serves as executive vice president and chief strategic officer, focusing on strategic planning and corporate development, a position he has held since 2011. Stinnett also manages significant operating areas, several of which he will continue to oversee in addition to his new responsibilities as CFO. He joined Stock Yards Bank & Trust in 2000 as vice president, Finance, after working in public accounting with an international firm.
Davis joined Sotck Yards in 1991, was appointed CFO in 1993 and was named executive vice president in 1999. Prior to her time at Stock Yards, she served at an international accounting firm as a CPA.
Concurrent with the recent promotion, Michael B. Newton joined the company as senior vice president and principal accounting officer. Newton will oversee a range of areas, including general accounting; SEC, regulatory and internal management reporting; the Company’s treasury function; and budgeting. Prior to joining Stock Yards, he served for 15 years with Republic Bank & Trust, most recently as vice president and controller. He began his career with an international accounting firm, where he served as senior supervising auditor on financial statement audits of various Kentucky SEC banking engagements.
Established in 1904 and based in Louisville, KY, Stock Yards Bank & Trust has $3.3 billion in assets.
