INDIANA, Pa., March 22, 2018 /PRNewswire/ -- The Board of
Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the
holding company for S&T Bank with locations in Pennsylvania, Ohio and New
York authorized a $50 million
share repurchase plan at its regular meeting held March 19, 2018. This repurchase
authorization, which is effective through August 31, 2019, permits S&T to repurchase
from time to time up to $50 million
in aggregate value of shares of S&T's common stock through a
combination of open market and privately negotiated
repurchases. The specific timing, price and quantity of
repurchases will be at the discretion of S&T and will depend on
a variety of factors, including general market conditions, the
trading price of the common stock, legal and contractual
requirements and S&T's financial performance. The
repurchase plan does not obligate S&T to repurchase any
particular number of shares. S&T expects to fund any
repurchases from cash on hand and internally generated funds.
About S&T Bancorp, Inc.
S&T
Bancorp, Inc. is a $7.1 billion bank
holding company that is headquartered in Indiana, Pa. and trades on the NASDAQ Global
Select Market under the symbol STBA. Its principal
subsidiary, S&T Bank, was established in 1902 and operates
locations in Pennsylvania,
Ohio and New York. For more
information, visit www.stbancorp.com or www.stbank.com or call
800.325.2265.
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SOURCE S&T Bancorp, Inc.