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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) June 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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Zip Code
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 |
The Board of Directors of S&T Bancorp, Inc. declared a $0.15 per share cash dividend at its regular meeting held June 15, 2009. The dividend is payable on July 24, 2009 to shareholders of record on June 30, 2009. The dividend compares to a common stock dividend of $0.31 per share during the first quarter of 2009. |
Item 9.01 - Financial Statements and Exhibits (99.1) Press Release |
SIGNATURES |
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June 15, 2009 |
S&T Bancorp, Inc.
/s/ Robert E. Rout Robert E. Rout
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Exhibit Index |
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Number |
Description |
Method of Filing |
99.1 |
Press Release |
Filed herewith |
TO BE RELEASED |
Contact: Rob Jorgenson |
9:00 a.m., Tuesday, June 16, 2009 |
724-465-5448 |
S&T Bancorp Declares Quarterly Cash Dividend
Indiana, Pennsylvania - The Board of Directors of S&T Bancorp, Inc. (NASDAQ: STBA) declared a $0.15 per share cash dividend at its regular meeting held June 15, 2009. The dividend is payable July 24, 2009 to shareholders of record on June 30, 2009. This dividend compares to a common stock dividend of $0.31 per share during the first quarter of 2009.
"Similar to other financial institutions, S&T believes that lowering the dividend payment at this time is the most prudent course of action during what can only be described as unprecedented times," said Todd Brice, president and CEO of S&T Bancorp, Inc. "S&T Bank will always remain focused on the fundamentals - strong capitalization, sound judgment, and a plan focused on long-term performance. We appreciate the ongoing support and understanding of our shareholders as the nation navigates this challenging economic period."
S&T Bancorp Declares Quarterly Cash Dividend (cont.)
Brice added that as the economy improves, S&T is poised to take advantage of a host of business opportunities in the region. For the bank to respond to those opportunities and to grow its business, strong capitalization continues to be the priority.
"Execution of this quarter's dividend payments will enable the bank to retain $18 million in additional capital on an annual basis," Brice continued. "It will also contribute to ultimately repaying the money S&T acquired through the government's Capital Purchase Program."
About S&T Bancorp, Inc.
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 $4.3 billion, S&T Bancorp, Inc. stock trades on the NASDAQ Global Select Market under the symbol STBA. For more information, visit stbank.com.
SOURCE: S&T Bancorp, Inc.