8-K

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): July 27, 2017
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__________________________________________(Address of Principal Executive Offices)		15701___________________Zip Code
Registrant's telephone number, including area code		(800) 325-2265
Former name or address, if changed since last report		Not Applicable
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨

Item 7.01 – Regulation FD Disclosure

On July 27, 2017, S&T Bank (“S&T”), the wholly-owned subsidiary of S&T Bancorp, Inc. and First Citizens Community Bank (“FCCB”), the wholly-owned subsidiary of Citizens Financial Services, Inc. executed a definitive purchase and assumption agreement (the “Agreement”), providing for the sale of S&T’s branch office located in State College, Pennsylvania to FCCB. In accordance with the Agreement, FCCB will assume customer deposits, and certain other liabilities, and purchase performing loans, and certain other assets, associated with the branch office from S&T. The transaction is expected to close in the fourth quarter of 2017, subject to regulatory approval and other customary closing conditions. On August 1, 2017, S&T and FCCB issued a joint press release announcing the execution of the Agreement, a copy of which is attached as an exhibit hereto and is incorporated herein by reference.

Item 9.01 – Financial Statements and Exhibits

(d) Exhibits. The exhibit listed on the Exhibit Index accompanying this Form 8-K is filed herewith.

(99.1) Joint Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned thereunto duly authorized.

	S&T Bancorp, Inc.
August 1, 2017	/s/ Mark Kochvar                                                 Mark Kochvar Senior Executive Vice President, Chief Financial Officer

Exhibit Index

Number	Description	Method of Filing
99.1	Joint Press Release	Filed herewith

EX-99.1

FIRST CITIZENS COMMUNITY BANK CONTACT: Name: Kathleen M. Campbell, SVP, Marketing Director Email: kcampbell@firstcitizensbank.com Phone: 570.662.8534 S&T CONTACT: Rob Jorgenson rob.jorgenson@stbank.net         724.465.5448

FOR IMMEDIATE RELEASE

FIRST CITIZENS COMMUNITY BANK TO ENTER STATE COLLEGE MARKET WITH

AGREEMENT TO PURCHASE S&T BRANCH OFFICE

MANSFIELD AND INDIANA, PA (August 1, 2017) – First Citizens Community Bank, the $1.2 billion bank subsidiary of Citizens Financial Services, Inc. (First Citizens) (OTC BB: CZFS) headquartered in Mansfield PA, will add to its growing branch network with the acquisition of the State College office of S&T Bank, the $7.1 billion bank subsidiary of S&T Bancorp, Inc. (S&T) (NASDAQ:STBA). First Citizens and S&T Bank have entered into a definitive agreement under which First Citizens, subject to regulatory approval, will purchase certain loans and other assets, and assume the deposits and certain other liabilities, of the S&T branch located at 141 West Beaver Avenue in State College. The transaction is expected to close in the fourth quarter and the systems conversion is expected to take place in early December.

"While we have made the strategic decision to exit the State College market, it was important to us to align ourselves with a buyer who shares a common vision on serving the customer," said Todd D. Brice, president and chief executive officer of S&T Bank. "We are confident that First Citizens will be a good fit for our clients and employees who will be transitioning with the sale of the office.”

First Citizens has been aggressively growing and strengthening its organization over the past three years beginning with their entry into Clinton County when it opened a new office in Mill Hall. This was followed by the acquisition of The First National Bank of Fredericksburg and its 7 offices in December of 2015, the opening of a loan production office in Winfield, PA, the addition of 17 experienced Ag Bankers and Commercial Lenders in its South Central market, and the opening of a new office in Mount Joy, PA.

“The State College market not only provides us the opportunity to enter a growth market that tends to be immune from recessionary pressures, but also provides the ability to bring additional talent into our organization which is an opportunity we could not ignore,” stated Randall E. Black, First Citizens CEO and President. “We don’t expand simply for the sake of expansion. Our strategy has always been to look for markets where we can leverage our strengths in business, agricultural and mortgage lending while delivering the personalized service we’ve built our brand on. ”

The employees of the State College S&T branch will become members of the First Citizens team. Dave Richards, who has been a highly successful and respected banker for many years, will be the Market Executive, responsible for growing the market and building name recognition and brand awareness for First Citizens in the State College market. He will become part of First Citizens’ management team and a member of its Board of Directors. Richards was the founder and CEO of Nittany Bank and as Executive Vice President for S&T, opened their State College branch. Prior to relocating to the State College market, Richards was CEO of the Mifflinburg Bank. He earned his BS in Finance from Susquehanna University and is also a graduate of the Stonier Graduate School of Banking.

“We know that having the right people is key to our success so the opportunity to add highly experienced individuals to our team is also a consideration when evaluating expansion,” commented Black. “Dave Richards is not only a successful banker, but is well networked in the State College market and other areas of Central Pennsylvania which will add value to our expansion efforts in the future. In addition to Dave, we’re fortunate to be adding several employees who have almost 40 years’ experience between them.”

About First Citizens Community Bank

When the acquisition of the State College branch is completed, the bank will serve the counties of Centre, Lebanon, Lancaster, Berks, Schuylkill, Clinton, Tioga, Bradford, Potter and Union in Pennsylvania and Allegany County New York. For more information about First Citizens Community Bank, please visit www.firstcitizensbank.com or follow it on Facebook and LinkedIn.

About S&T Bancorp, Inc.

S&T Bancorp, Inc. is a $7.1 billion bank holding company that is headquartered in Indiana, PA and trades on the NASDAQ Global Select Market under the symbol “STBA”. Its principal subsidiary, S&T Bank, was established in 1902, and operates locations in Pennsylvania, Ohio and New York. For more information visit www.stbancorp.com, www.stbank.com, and follow us on Facebook, Instagram and LinkedIn.

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