- Part of a National Effort; Classroom Outreach to be Conducted on October 15, 2009 -
Oct. 13, 2009 (PR Newswire) --
INDIANA, Pa., Oct. 13 /PRNewswire-FirstCall/ -- S&T Bank (Nasdaq: STBA), a full-service financial institution with branch locations in 10 Pennsylvania counties, is heading back to class for an important outreach effort designed to teach young people how to use credit responsibly. The bank will participate in the seventh annual Get Smart About Credit Day on October 15, 2009. Bank representatives will visit schools throughout western Pennsylvania, where they will 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.
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"The recent economic downturn has created an entirely new credit reality for everyone, and at S&T Bank, we know it is important for young people to learn important lessons early," said Todd Brice, president and CEO of S&T Bank. "Moreover, recently passed laws have created new mandates for these young people as they become adults and begin establishing credit. They need to know what to expect."
Signed into law in May of this year, the Credit Card Accountability Responsibility and Disclosure Act of 2009 requires consumers under 21 to have a co-signer or prove that they have the financial means to repay a loan. The law takes effect in February 2010.
Established in 2003 by the American Bankers Association (ABA) Education Foundation, the Get Smart About Credit Day has turned 11,000 bankers across the nation into instructors for a day. Those banking professionals have reached nearly half a million school students with important lessons about credit.
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 $4.2 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit www.stbank.com.
SOURCE S&T Bank
