SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8 - K
Current Report
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) Sepember 12, 1997
S & T Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania 0-12508 25-1434426
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) identification No.)
P. O. Box 190, 800 Philadelphia Street, Indiana PA 15701
(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code (412) 349-2900
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Item 5 - Other Events
On September 18, 1997, the Board of Directors of S&T Bancorp announced that
it has accepted Robert D. Duggan's retirement plans. Duggan intends to retire
as chief executive officer of the Corporation and S&T Bank, effective December
31, 1997. Duggan has been the chief executive officer of S&T Bancorp and S&T
Bank since 1982. He will remain the chairman of both Board of Directors.
James C. Miller, president and chief operating officer of S&T Bancorp and
S&T Bank , will become chief executive officer of both organizations, effective
January 2, 1998. Mr. Miller has been the chief operating officer of the holding
company and the bank since 1993. Mr. Miller joined S&T Bank in 1983, when S&T
acquired Unibank in Brookville, PA where he was an Executive Vice President.
On September 12, 1997, Robert D. Duggan, chairman and chief executive
officer of S&T Bancorp, announced that Jeffrey D. Grube and Alan Papernick
have been appointed to the S&T Bancorp Board of Directors.
Mr. Grube is president of B.F.G. Electroplating and Manufacturing Company
and graduated from Carnegie Mellon University, Pittsburgh, with a
bachelor of science degree in electrical engineering. Mr. Papernick,
an attorney, is senior partner in the Pittsburgh law firm, Papernick and
Gefsky. He graduated from Duquesne University, Pittsburgh, with a
juris doctorate degree and the University of Pittsburgh with a bachelor of
arts degree.
<PAGE>
Item 7 - Financial Statements, Proforma Financial Information and Exhibits
(c) Exhibits
(99) Press Release
(99.1) Press Release
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed by the undersigned
thereunto duly authorized.
S & T Bancorp, Inc.
September 22, 1997
By: /s/ Robert E. Rout
Robert E. Rout
Chief Financial Officer
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TO BE RELEASED:
8:15 a.m., Thursday, September 18, 1997
Duggan to Retire at Year-End
Indiana, Pennsylvania (Nasdaq NMS:STBA) - The Board of
Directors of S&T Bancorp announced at its September Board
meeting that it has accepted Robert D. Duggan's retirement
plans. Duggan intends to retire as chief executive officer of
the Corporation and S&T Bank, effective December 31, 1997.
Duggan has been the chief executive officer of S&T Bancorp
and S&T Bank since 1982. He will remain the chairman of
both Boards of Directors. Duggan will be 65 in February,
1998.
The Board of Directors stated, "Bob has done a tremendous
job in leading this organization for 17 years. When he joined
S&T in 1980, after 21 years with the Federal Reserve, it was
a $200 million bank with offices located in Indiana, Saltsburg
and Punxsutawney. Today, S&T has over $1.8 billion in
assets with 38 offices in six Western Pennsylvania counties.
More importantly, S&T has a strong customer service culture
and has generated financial performance second to none. It is
consistently recognized as one of the best bank holding
companies for its size in the country, thanks in large part to
Bob's leadership."
James C. Miller, president and chief operating officer of S&T
Bancorp and S&T Bank, will become chief executive officer of
both organizations, effective January 2, 1998. Mr. Miller has
been the chief operating officer of the holding company and
the bank since 1993. Mr. Miller joined S&T Bank in 1983,
when S&T acquired Unibank in Brookville, PA where he was
an Executive Vice President.
Miller added, "While Bob will be retiring as the chief executive
officer, he will continue to play a very important role for S&T
going forward. In addition to his ongoing responsibilities as
chairman, I am very pleased that Bob will continue to actively
support S&T's merger and acquisition strategy and be available
to provide advice and counsel to our senior management
staff.
Headquartered in Indiana, PA, S&T Bank, the principal
subsidiary of S&T Bancorp, Inc., operates 38 offices within
Allegheny, Armstrong, Clearfield, Indiana, Jefferson and
Westmoreland counties. With assets of $1.8 billion, S&T
Bancorp stock trades on the Nasdaq National Market System
under the symbol STBA.
FOR IMMEDIATE RELEASE
Friday, September 12, 1997
S&T Bancorp Announces Board Appointments
Indiana, Pennsylvania (Nasdaq NMS: STBA) - Robert D. Duggan,
chairman and chief executive officer of S&T Bancorp, has
announced that Jeffrey D. Grube and Alan Papernick have been
appointed to the S&T Bancorp Board of Directors.
According Duggan, "We look forward to a long association with
our new Board members and are delighted they were willing to
accept an appointment to our Board of Directors. We are fortunate
to have directors and staff with a common commitment focused
toward ensuring that S&T continues to be a strong, competitive
and profitable bank, serving the needs of local people."
Mr. Grube is president of B.F.G. Electroplating and Manufacturing
Company. The Punxsutawney, PA-based firm specializes in
electroplating manufactured parts. Mr. Grube currently serves as
vice chairman of the Punxsutawney Area Hospital Board of
Directors; secretary-treasurer of the Punxsutawney Planning and
Zoning Commission; treasurer of the Punxsutawney Area Arts and
Recreation Center as well as being a member of the Jefferson
County Development Council. Mr. Grube was graduated from
Carnegie Mellon University, Pittsburgh, with a bachelor of science
degree in electrical engineering. He resides in Punxsutawney with
his wife, Ruth. They are the parents of two children, Michael and
Melissa.
Mr. Papernick, an attorney, is senior partner in the Pittsburgh law
firm, Papernick and Gefsky. He has served on the boards of the
Monroeville Rotary Club; the Monroeville Area Chamber of
Commerce; the Congregation Beth Shalom; Riverview Center for
Seniors and the Westmoreland Country Club. In addition. Mr.
Papernick is rated "AV" by the Martin Hubbell Legal Publishing
Directory and has been recognized in the Best Lawyers of
American listing for five consecutive years. He frequently acts as a
guest lecturer for Bar Association groups throughout Pennsylvania.
Mr. Papernick was graduated from Duquesne University,
Pittsburgh, with a juris doctorate degree and the University of
Pittsburgh with a bachelor of arts degree. He resides in Pittsburgh
with his wife, Judy. They are the parents of three children,
Stephen, Amy and Lisa.
Headquartered in Indiana, Pennsylvania, S&T Bank, the principal
subsidiary of S&T Bancorp, Inc., operates 38 offices in
Allegheny, Armstrong, Clearfield, Indiana, Jefferson, and
Westmoreland counties. With assets of $1.8 billion, S&T Bancorp
stock is traded on the Nasdaq National Market System under the
symbol STBA.
