S&T Bank Begins Lemonade Days Fundraising Campaign To Fight Childhood Cancer

Rhea-AI Summary

S&T Bank, a subsidiary of S&T Bancorp (NASDAQ: STBA), has announced the launch of its second annual Lemonade Days fundraising campaign. Scheduled from June 1 to June 8, 2024, the event will benefit Alex's Lemonade Stand Foundation (ALSF), the largest independent childhood cancer charity in the U.S. During the campaign, visitors to S&T Bank branches can donate to ALSF and receive complementary lemonade and treats. CEO Chris McComish emphasized the bank's commitment to community support, noting that last year's campaign raised over $30,000. This year, the campaign will expand across all S&T Bank markets, aiming to contribute even more to ALSF's mission of funding childhood cancer research and supporting affected families.

Positive

• S&T Bank raised over $30,000 in last year's Lemonade Days campaign.
• The campaign supports Alex's Lemonade Stand Foundation, the largest independent childhood cancer charity in the U.S.
• This year's campaign will expand to all S&T Bank markets, potentially increasing donations.
• Participants receive complementary lemonade and treats, enhancing community engagement.
• The event aligns with S&T Bank's people-forward purpose and commitment to community support.

Negative

• The press release lacks detailed financial projections for this year's campaign.
• No specific goals or metrics for success are mentioned, making it hard to gauge potential impact.
• The campaign's focus on charitable giving may not directly impact S&T Bank's financial performance or stock value.

All Proceeds Benefit Alex's Lemonade Stand Foundation

INDIANA, Pa., May 23, 2024 /PRNewswire/ -- S&T Bank, the wholly owned subsidiary of S&T Bancorp Inc. (NASDAQ: STBA), today announced that it will hold its second annual Lemonade Days fundraising campaign from Saturday, June 1, through Saturday, June 8, to benefit Alex's Lemonade Stand Foundation (ALSF), the largest independent childhood cancer charity in the U.S. During the campaign, anyone who visits a S&T Bank branch can donate to ALSF and get a complementary lemonade and treats.

"We are proud to expand our partnership with Alex's Lemonade Stand this year," said CEO Chris McComish. "Our people-forward purpose means that we prioritize giving back to our communities by supporting charities like Alex's Lemonade Stand. In 2023, we proudly raised more than $30,000 in Central and Southeastern Pennsylvania. This year, we are expanding our lemonade stands throughout all of our markets to support the great work that ALSF is doing."

ALSF was founded by Alex Scott (January 18, 1996-August 1, 2004), who passed away from cancer when she was only eight years old. During the final four years of her life, Alex and her family held annual lemonade stand fundraisers in their front yard to benefit children's cancer research. Today, ALSF continues Alex's legacy to raise money through lemonade stands to fund critical research and support families impacted by childhood cancer.

"We are thrilled to have the support of S&T Bank in our battle against childhood cancer," said Liz Scott, Alex's mother and co-executive director of ALSF. "We are thankful for the commitment and contributions from S&T Bank and its customers, which all help make my daughter's wish of finding a cure closer to coming true."

About S&T Bancorp Inc. and S&T Bank
S&T Bancorp Inc. is a $9.5 billion bank holding company that is headquartered in Indiana, Pennsylvania, and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. S&T Bank was named by Forbes as a 2023 Best-in-State Bank and as one of America's Best Banks in 2024. For more information, visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.

About Alex's Lemonade Stand Foundation (ALSF)
ALSF emerged from the front yard lemonade stand of four-year-old Alexandra "Alex" Scott, who was fighiting cancer and wanted to raise money to find cures for all children with cancer. Her spirit and determination inspired others to support her cause, and when she passed away at the age of eight, she had raised $1 million. Since then, the Foundation bearing her name has evolved into a worldwide fundraising movement and the largest independent childhood cancer charity in the U.S. ALSF is a leader in funding pediatric cancer research projects across the globe and providing programs to families affected by childhood cancer. For more information, visit AlexsLemonade.org.

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SOURCE S&T Bank

FAQ

What is the Lemonade Days fundraising campaign by S&T Bank?

The Lemonade Days fundraising campaign is an event organized by S&T Bank to benefit Alex's Lemonade Stand Foundation, focusing on raising funds for childhood cancer research.

When will the Lemonade Days campaign take place?

The campaign will be held from June 1 to June 8, 2024.

Which charity benefits from the S&T Bank Lemonade Days campaign?

All proceeds from the campaign benefit Alex's Lemonade Stand Foundation.

How much did S&T Bank raise in the previous Lemonade Days campaign?

S&T Bank raised over $30,000 in the 2023 Lemonade Days campaign.

How can people participate in the Lemonade Days campaign?

Anyone can visit an S&T Bank branch during the campaign dates to donate to ALSF and receive complementary lemonade and treats.

What is the stock symbol for S&T Bancorp?

The stock symbol for S&T Bancorp is NASDAQ: STBA.