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United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 21, 2008 S&T Bancorp, Inc. (Exact Name of Registrant as Specified in its Charter) Pennsylvania (State or Other Jurisdiction of Incorporation) 0-12508 (Commission File Number) 25-1434426 (IRS Employer Identification No.) 800 Philadelphia Street, Indiana, PA 15701 Registrant's telephone number, including area code (800) 325-2265 Former name or address, if changed since last report Not Applicable
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(Address of Principal Executive Offices)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Section 5-Corporate Governance and Management Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(b) James C. Miller, Chairman and Chief Executive Officer and Director of S&T Bancorp, Inc. (the "Company") retired from his position as the Chief Executive Officer, effective as of the Annual Shareholders Meeting on April 21, 2008. Mr. Miller will continue serving as Chairman and a director of the Company following his retirement. Mr. Miller will not receive any severance payments in connection with his retirement. (c) On April 21, 2008, the Company announced that Todd D. Brice will succeed Mr. Miller as the Company's new Chief Executive Officer effective as of April 21, 2008. Mr. Brice, previously had been serving as the Company's President and Chief Operating Officer. A seasoned banking professional, Mr. Brice has been employed with the Company for 24 years and serves as a member of the Company's Board of Directors. Prior to his current leadership roles, Mr. Brice served as an executive vice president of commercial lending. There were no changes to Mr. Brice's compensation arrangements with the Company. |
Section 9-Financial Statements and Exhibits Item 9.01. - Financial Statements and Exhibits |
(d) Exhibits. 99.1 Text of Press Release announcing the election of Mr. Brice as Chief Executive Officer, dated April 22, 2008. |
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S&T Bancorp, Inc.
/s/ Robert E. Rout Robert E. Rout |
FOR IMMEDIATE RELEASE Contact: Rob Jorgenson
April 22, 2008 724-465-5448
S&T Bancorp Inc. Announces Appointment of New CEO,
Other Senior Executives
- Bank Taps President, Chief Operating Officer to Assume Top Position
during a Period of Expansion -
Indiana, Pennsylvania - S&T Bank (NASDAQ: STBA), a full-service financial institution with branch locations in 10 Pennsylvania counties, is pleased to announce the appointment of Todd D. Brice as S&T Bank's new chief executive officer (CEO). The bank made the official announcement following the Annual Shareholders Meeting on April 21, 2008. Brice, who had been serving as S&T Bank's president and chief operating officer, succeeds James C. Miller, CEO, who is retiring.
"I can think of no other person more suited to take on the task of leading S&T Bank at this important time in its history," noted Miller, who will continue to serve as board chairman and as a director for the bank. "Todd's extensive experience and his deep understanding of S&T Bank's culture will be an ongoing asset for the bank's shareholders, customers, and employees."
A seasoned banking professional, Brice has been an S&T Bank employee for 24 years and serves as a member of the S&T Bancorp, Inc. Board of Directors. Prior to his current leadership roles, Brice served as executive vice president of commercial lending.
- more -
S&T Bancorp Inc. Announces Appointment of New CEO,
Other Senior Executives (cont.)
- Bank Taps President, Chief Operating Officer to Assume Top Position
during a Period of Expansion -
Brice's ascension to the role of CEO at S&T Bank comes at a time when the bank is poised to expand its footprint with the acquisition of Irwin Bank (pending approval).
"I have devoted my entire career to serving S&T Bank, and I am honored to be taking on this new and important role as S&T Bank prepares for growth and expansion. It will be a privilege to lead such an outstanding group of banking professionals," noted Brice. "Since its founding more than a century ago, S&T Bank has been serving the banking needs of western Pennsylvania. We believe in building relationships based on trust, confidence and performance, and that is something that will remain constant."
Brice is a member of the board of directors for the Pittsburgh branch of the Federal Reserve Bank of Cleveland. An active member of the community, Brice currently serves as a member of the board of directors for the Indiana Regional Medical Center and has served as a board member for the Indiana County YMCA. He earned his B.A. in business administration from Grove City College in Grove City, PA. Brice has also completed a three-year program through the Graduate School of Banking at the University of Wisconsin in Madison, WI. Todd Brice lives in Indiana, PA with his wife Lonie and daughters Katie and Kristin.
- more -
S&T Bancorp Inc. Announces Appointment of New CEO,
Other Senior Executives (cont.)
- Bank Taps President, Chief Operating Officer to Assume Top Position
during a Period of Expansion -
S&T Bank is also pleased to announce the appointment of the following individuals to other senior leadership positions within the organization:
In addition, the following individuals will continue to serve as executive vice presidents for S&T Bank:
- more -
S&T Bancorp Inc. Announces Appointment of New CEO,
Other Senior Executives (cont.)
- Bank Taps President, Chief Operating Officer to Assume Top Position
during a Period of Expansion -
About S&T Bank
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates 46 offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson and Westmoreland counties. With assets of $3.5 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit stbank.com.