| Business Summary | | S&T
Bancorp,
Inc.
(S&T)
is
a
bank
holding
company
with
two
wholly
owned
subsidiaries,
S&T
Bank
and
S&T
Investment
Company,
Inc.
S&T
Bank
is
a
full-service
bank
providing
service
to
its
customers
through
a
branch
network
of
39
offices
located
in
Armstrong,
Allegheny,
Indiana,
Jefferson,
Clarion,
Clearfield
and
Westmoreland
counties
in
Pennsylvania.
S&T
Bank
services
include
accepting
time
and
demand
deposit
accounts,
making
secured
and
unsecured
commercial
and
consumer
loans,
providing
letters
of
credit,
and
offering
discount
brokerage
services,
personal
financial
planning
and
credit
card
services.
S&T
Investment
Company,
Inc.
was
formed
to
hold
and
manage
a
group
of
investments
previously
owned
by
S&T
Bank
and
to
give
S&T
additional
latitude
to
purchase
other
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | S&T
Bancorp,
Inc.
is
a
bank
holding
company
for
S&T
Bank
and
S&T
Investment
Company,
operates
39
offices
in
PA.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
2%
to
$87.2
million.
Net
interest
income
after
loan
loss
prov.
rose
less
than
1%
to
$42.3
million.
Net
income
rose
7%
to
$23.6
million.
Net
interest
income
after
LLP
reflects
an
increase
in
average
loans.
Net
income
also
reflects
an
increase
in
gains
from
the
sale
of
securities
and
wealth
management
income. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Robert Duggan, 67 Chairman
of the Company and the Bank | -- | -- | James Miller, 54 Pres,
CEO, Director of the Company and the Bank | $400K | $130K | Robert Rout, 47 Exec.
VP and CFO | -- | -- | James Barone, 52 Exec.
VP, Sec., Treasurer | 213K | 152K | Edward Hauck, 47 Exec.
VP | 195K | 206K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|