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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) January 15, 2009 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:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 - Other Events |
S&T Bancorp, Inc. announced today that it will delay the previously scheduled 2008 Earnings Release of January 19, 2009 and Earnings Conference call of January 20, 2009. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference. |
Item 9.01 - Financial Statements and Exhibits (99.1) Press Release, dated January 15, 2009 |
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S&T Bancorp, Inc.
/s/ Robert E. Rout Robert E. Rout |
Contact: Robert E. Rout
Chief Administrative and
Chief Financial Officer
724-465-1487
TO BE RELEASED
4:00 p.m., Thursday, January 15, 2009
S&T Bancorp, Inc. Delays Scheduled Earnings Release
Indiana, Pennsylvania - S&T Bancorp, Inc. (NASDAQ: STBA) announced today that it will delay the previously scheduled 2008 Earnings Release of January 19, 2009 and Earnings Conference call of January 20, 2009.
On January 14, 2009, S&T Bank employees discovered a misappropriation of construction funds by one customer involving at least three loans totaling $6.8 million. A broader investigation has been initiated to determine the value of collateral and the extent of loss for these loans prior to release of earnings.
Todd D. Brice, president and chief executive officer commented, "We are extremely disappointed by the timing and the nature of this issue, but in today's environment, we believe it is prudent to delay our earnings announcement until we have more definitive information about the potential loss. We plan to reschedule the earnings release and conference call once the review is completed over the next couple of weeks."
Headquartered in Indiana, PA, S&T Bancorp, Inc. operates 55 offices within Allegheny, Armstrong, Blair, Butler, Cambria, Clarion, Clearfield, Indiana, Jefferson and Westmoreland counties. With assets of $4.4 billion, S&T Bancorp stock trades on the NASDAQ Global Select Market under the symbol STBA.
This information may contain forward-looking statements regarding future financial performance which are not historical facts and which involve risks and uncertainties. Actual results and performance could differ materially from those anticipated by these forward-looking statements. Factors that could cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, asset quality, including real estate and other collateral values, and competition. This information should be read in conjunction with the audited financial statements and analysis as presented in the Annual Report on Form 10-K for S&T Bancorp, Inc. and subsidiaries.