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S&T BANCORP BECOMES FEDERAL HOME LOAN BANK OF PITTSBURGH STOCKHOLDER

S&T BANCORP BECOMES FEDERAL HOME LOAN BANK OF PITTSBURGH STOCKHOLDER
 INDIANA, Pa., Aug. 31 /PRNewswire/ -- S&T Bancorp, Inc. (NASDAQ-NMS: STBA) recently became a stockholder of the Federal Home Loan Bank of Pittsburgh.
 S&T Bancorp, headquartered in Indiana, Pa., is the parent company of S&T Bank.
 The Federal Home Loan Bank of Pittsburgh is part of the Federal Home Loan Bank system, a national network of 12 regional, stockholder-owned banks, created by the U.S. Congress in 1932 to promote home finance. The Federal Home Loan Bank's funding, operating and advisory services are available to all financial institutions engaged in residential mortgage financing.
 Robert D. Duggan, president and chief executive officer of S&T Bank, said, "We are committed to serving the housing finance needs of our customers and communities. Our relationship with the Federal Home Loan Bank provides us with the opportunity to access additional funds for mortgage lending, thus increasing our liquidity and allowing us to leverage our strong capital base."
 Nationwide, nearly 700 commercial banks are stockholders of the 12 Federal Home Loan Banks across the country.
 S&T Bank, the principal subsidiary of S&T Bancorp, operates 33 branches in Allegheny, Armstrong, Clearfield, Indiana, Jefferson and Westmoreland counties. With assets in excess of $1 billion, S&T Bancorp trades its stock on the NASDAQ National Market System under the symbol STBA.
 -0- 8/31/92
 /CONTACT: Susan Tomera of S&T Bancorp, 412-465-4870/
 (STBA) CO: S&T Bancorp, Inc.; S&T Bank ST: Pennsylvania IN: FIN SU:


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Publication:PR Newswire
Date:Aug 31, 1992
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