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S&T BANK ANNOUNCES 'NO POINTS' RESIDENTIAL MORTGAGES

 S&T BANK ANNOUNCES 'NO POINTS' RESIDENTIAL MORTGAGES
 INDIANA, Pa., Sept. 11 /PRNewswire/ -- S&T Bank has announced that it is waiving all points on its new fixed rate (monthly and bi-weekly) and adjustable rate residential mortgages until further notice.
 In addition, the bank has added a five-year adjustable rate mortgage to its mortgage selection. Previously, it had offered only one- and three-year adjustable rate options.
 Robert D. Duggan, president and chief executive officer of S&T, said this change is an effort by S&T to make mortgages more affordable during these difficult economic times. "Now is a very good time to consider buying a home. Our no point mortgages will make it even more attractive for consumers to take advantage of the current low mortgage rates."
 S&T Bank, the principal subsidiary of S&T Bancorp (NASDAQ-NMS: STBA), operates 33 offices 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- 9/11/92
 /CONTACT: Susan Tomera of S&T Bank, 412-465-4870/
 (STBA) CO: S&T Bank; S&T Bancorp ST: Pennsylvania IN: FIN SU:


CD-MP -- PG004 -- 8394 09/11/92 10:34 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
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