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S&T BANCORP ANNOUNCES DIVIDEND INCREASE

 INDIANA, Pa., June 22 /PRNewswire/ -- The board of directors of S&T Bancorp, Inc. (NASDAQ-NMS: STBA) yesterday declared a 14 percent increase in the quarterly cash dividend.
 This dividend of $0.25 per share is payable on July 23, 1993, to shareholders of record on July 2, 1993. The new annual rate of $1.00 per share compares with the most recent annualized rate of $0.88 per share.
 Robert D. Duggan, chairman and chief executive officer, said, "The board's decision to increase the dividend reflects the company's strong earnings performance and prospects for continued growth in 1993. It is part of our continuing effort to enhance shareholder value."
 S&T Bank, the principle subsidiary of S&T Bancorp, operates 33 offices in Allegheny, Armstrong, Clearfield, Jefferson, Indiana and Westmoreland counties. S&T Bancorp, Inc. stock trades on the NASDAQ National Market System under the symbol STBA.
 -0- 6/22/93
 /CONTACT: Susan Tomera Angeletti of S&T Bancorp, 412-465-4870/
 (STBA)


CO: S&T Bancorp, Inc.; S&T Bank ST: Pennsylvania IN: FIN SU: DIV

KC-JM -- PG005 -- 4359 06/22/93 08:03 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
Words:184
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