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S&T BANK OFFERS CONSUMERS LOW 9.96 PERCENT APR FIXED RATE VISA

 INDIANA, Pa., Nov. 10 /PRNewswire/ -- James C. Miller, president and chief operating officer, S&T Bank, announced today a low 9.96 percent APR (annual percentage rate) fixed rate VISA. "The rate, one of the lowest in the tri-state area, is a fixed rate through Dec. 31, 1995, and not an introductory offer, but a new low rate offer for all consumers," Miller said today at a press conference held at the S.W. Jack Building in Indiana.
 "This is a time when consumers are trying to control their financial lives -- they're looking to eliminate high finance charges and that is exactly what the S&T VISA card does over the short and long term. Therefore, effective immediately, the 9.96 percent rate is good on all cardholders' purchases. It makes everything you buy, a better buy," Miller said.
 "But it does not stop there. In addition to the low 9.96 percent fixed APR rates, S&T is also offering a transfer rebate of one-half percent when you roll over your other credit card balances to your S&T VISA," Miller added. "And finally," Miller said, "for the cardholder's first year, the annual fee of $15.00 will be waived."
 The decision to lower the S&T VISA annual percentage rate from
15.72 percent was made for a variety of reasons, Miller said. "S&T bank is one bank making a change for consumers. Consumers are constantly inundated with offers from banks and credit card companies for variable rate, pre-approved credit cards. These offers, which include everything from maintaining minimum balances to higher rates for new purchases, are often enticing short-term introductory offers that only last a few weeks or months.
 "The competition among credit cards is tremendous," he said. "There is a wide assortment of features, perceived values and deals. These features and deals often include awarding consumers a pre-determined number of points for using these credit cards. These points can then be redeemed for such items as airline ticket upgrades, automobile discounts and retail merchandise. The S&T VISA does not offer consumers perceived deals and surprises. Our 9.96 percent APR VISA card is not an introductory offer, it is a fixed rate that is intended to help consumers ease their financial credit burdens. We truly believe that our offer is one of the best available for consumers who are concerned about the state of the credit card industry."
 In addition to the fixed 9.96 percent rate and the one-half percent transfer rebate, the S&T VISA offers a variety of products and services that many of the short-term, variable-rate credit card offers do not. These features include:
 -- An interest rate that is good through Dec. 31, 1995;
 -- Cash advances;
 -- VISA checks (personalized VISA checks at no extra charge);
 -- Roadside assistance (call 1-800-VISA-TOW);
 -- Free travelers checks; and
 -- VISA phone (charge long-distance telephone calls).
 "Genuinely low VISA credit card rates are just one of a broad range of financial services products designed for consumer needs. Everything from mortgage products, to trust services and discount brokerage capabilities are available for consumers through S&T Bank. We genuinely care about offering our customers financial products that are right for their needs," Miller concluded.
 S&T Bank, a subsidiary of S&T Bancorp (NASDAQ-NMS: STBA), operates 33 offices within Indiana, Allegheny, Armstrong, Clearfield, Jefferson and Westmoreland counties. With assets in excess of $1.2 billion, S&T Bancorp stock is traded on the NASDAQ National Market System under the symbol STBA.
 -0- 11/10/93
 /CONTACT: Susan Angeletti of S&T Bank, 412-465-4870/
 (STBA)


CO: S&T Bank; S&T Bancorp ST: Pennsylvania IN: FIN SU: PDT

DM-MK -- PG001 -- 2668 11/10/93 10:29 EST
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Publication:PR Newswire
Date:Nov 10, 1993
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