INDIANA, Pa., Aug. 13 /PRNewswire-FirstCall/ -- S&T Bank , a full-service financial institution with branch locations in 10 Pennsylvania counties, has been recognized as one of the country's best bank brands among mid-sized institutions on the 2008 Bancography Brand Value Index. Compiled by Bancography, a financial services consulting firm, the index is a comprehensive ranking of all U.S. bank and credit union brands. S&T Bank ranked seventh among banks with assets between $2 billion and $30 billion.
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"At a time when many financial institutions are facing challenges connected to current economic conditions, S&T Bank is honored by this independent recognition of our strong, stable foundation," said Todd Brice, president and CEO. "S&T Bank has built its reputation on 'Relationship Banking ... One Customer at a Time.' It is a standard we work to meet each and every day at every level in the organization."
The recognition comes at a time when S&T Bank is in the midst of an expansion. In June, S&T Bank completed a merger with Irwin Bank. The acquisition enabled S&T Bank to grow from 46 to 55 offices in 10 Pennsylvania counties, and from $3.5 billion to $4.4 billion in assets.
The 2008 Bancography Brand Value Index ranked brands by the premium they contribute to each financial institution's underlying tangible value. Criteria included a bank or institution's reputation, service quality, image and market awareness.
About S&T Bancorp, Inc.
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates 55 offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson and Westmoreland counties. With assets of $4.4 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit stbank.com.
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S&T Bank
CONTACT: Rob Jorgenson, +1-724-465-5448
Web site: http://www.stbank.com/
Story Source: PRNewswire-FirstCall
