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Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events  
Subsequent Events

Note 12. Subsequent Events

On October 27, 2014, the Bank announced the consolidation of several community banking offices.  On January 21, 2015, the Bank will consolidate the Warfordsburg and Penns Village offices with the McConnellsburg Office in Fulton County and the St. Thomas office with the West Side Office in Franklin County.

On October 30, 2014, S&T Bancorp Inc. agreed to acquire Integrity Bancshares Inc. (Integrity).  The Bank owns shares of Integrity and expects to recognize a pre-tax gain of approximately $628,000, based on the terms of the agreement, upon completion of this transaction in the first quarter of 2015.

These subsequent events did not have an effect on the Corporation’s third quarter financial statements.