S&T Bank Announces Expansion in State College, Appoints Two Community Bankers

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Mar 03, 2014, 09:00 ET

INDIANA, Pa., March 3, 2014 /PRNewswire/ -- S&T Bank (NASDAQ: STBA), a full-service financial institution with assets of $4.5 billion, branch locations in 11 Pennsylvania counties and loan production offices in Northeast and Central Ohio, is pleased to announce its expansion into the State College market. The bank has hired two local community bankers to join our team and expand our presence in Central Pennsylvania:

David Z. Richards was appointed executive vice president. He is a veteran of the banking industry in State College, serving as CEO of two successful community banks, including Nittany Bank, of which he was a founding member. Richards is treasurer of the Centre County Housing and Land Trust, and a board member for the State College Downtown Improvement District. He holds a B.S. in finance from Susquehanna University and was the youngest graduate of the Stonier Graduate School of Banking.

Steven W. Grim was appointed senior vice president, commercial loan officer. He brings close to 35 years of high-level banking experience, including 25 years in State College. Grim has served as finance chairman of the State College Community Land Trust and as a board member for State College Little League. He holds a B.A. in finance from Penn State University.

"State College has had a lot of appeal to us for a number of years. We were just looking for the right opportunity and the right people to enter the market," said Todd D. Brice, president and chief executive officer of S&T Bank. "With their local ties and banking expertise, Dave and Steve will be great additions to the S&T team and will help us lead our expansion into the State College market."

For more information, please visit www.stbank.com or call 800.325.2265.

About S&T Bancorp, Inc.
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates offices within Allegheny, Armstrong, Blair, Butler, Cambria, Centre, Clarion, Clearfield, Indiana, Jefferson, Washington and Westmoreland counties, as well as loan production offices in Northeast and Central Ohio. With assets of $4.5 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit http://www.stbancorp.com.