S&T Bank Adds Financial Responsibility to the Lesson Plan as Part of Teach Children to Save® Campaign

- Bank Representatives Teach Financial Lessons during Classroom Visits in Jan-March -

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Feb 13, 2012, 04:17 ET

INDIANA, Pa., Feb. 13, 2012 /PRNewswire/ -- This winter, S&T Bank (NASDAQ: STBA), a full-service financial institution with branch locations in 10 Pennsylvania counties, will offer local students valuable lessons about saving money and financial responsibility during the national Teach Children to Save® campaign. As part of the campaign, local teachers are encouraged to schedule a classroom visit in February or March with a financial professional at S&T Bank who will provide students with the fundamentals of how to develop lifelong saving habits.

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"S&T Bank is pleased to participate in the national Teach Children to Save campaign again this year. We believe it is important to share our expertise with young people about how to develop lifelong savings habits," said Todd Brice, president and CEO of S&T Bank. "It is never too early to establish responsible money management skills, and we hope to inspire local students to form good money management habits at a young age."

Sponsored by The American Bankers Association (ABA) Education Foundation, the Teach Children to Save Campaign has reached five million students with the help of more than 100,000 volunteer bankers nationwide since its inception in 1997. The program encourages students to promise to save, to open or contribute to their savings account, to focus on their needs instead of their wants, and to encourage their friends to save. This year's National Teach Children to Save Day is on April 24, 2012.

S&T Bank's involvement with the Teach Children to Save Campaign is part of the bank's initiative to provide financial resources and guidance to young people in western Pennsylvania. The bank also offers a variety of checking and savings accounts specifically designed for children and teens, as well as resources for establishing good credit, including:

S&T Bank's Moola Moola Kids Savings Account is a passbook savings club that teaches kids age 13 and under all about money and saving. The program provides special giveaways and rewards, thereby offering children a valuable first lesson in saving money.
Launched in 2007, S&T Bank's Smart Start Banking provides teens with a unique array of banking solutions as well as an opportunity to apply for a $1,000 S&T Bank scholarship. From savings tips and checkbook balancing to no-minimum balance account requirements or costly fees, students can obtain essential banking skills and services that will benefit them now and in the future.
S&T Bank regularly participates in the Get Smart About Credit Day each fall, another program created by the ABA Education Foundation. Bank representatives visit schools throughout western Pennsylvania, where they offer lessons to students on topics such as credit worthiness, the cost of credit cards, how to read a credit report and preventing identity theft.

"Teaching young children to save is an important life lesson," said Cindy Barbi, Kindergarten teacher at Blairsville Elementary School and past year participant. "The Teach Children to Save lesson presented by S&T Bank provides an interactive, interesting way to introduce youngsters on how to manage their money."

Teachers who are interested in scheduling a day for an S&T representative to visit your classroom should call Susan Gawel at 724.427.2002 or e-mail [email protected].

About S&T Bancorp, Inc.
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson and Westmoreland counties. With assets of $4.1 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit www.stbank.com.