S&T BANK DONATES $20,000 TO UPMC CHILDREN'S HOSPITAL OF PITTSBURGH FOR SECOND CONSECUTIVE YEAR

Rhea-AI Summary

S&T Bank, a subsidiary of S&T Bancorp Inc. (NASDAQ: STBA), has donated $20,000 to UPMC Children's Hospital of Pittsburgh for the second consecutive year. The donation was part of the WDVE iHeartMedia Pittsburgh fundraiser. During August, S&T pledged to donate money as customers opened Smart Start Banking accounts, designed for individuals aged 14-24 to build financial skills.

CEO Chris McComish emphasized that this donation aligns with S&T Bank's people-forward purpose, helping young people develop healthy money habits and financial confidence. Tim Mcaleer, iHeartMedia Pittsburgh Market President, highlighted how such contributions support essential programs and equipment for children's care at the hospital.

Positive

• S&T Bank donated $20,000 to UPMC Children's Hospital of Pittsburgh
• The donation is part of a broader initiative to support youth financial education
• Participation in the fundraiser may enhance the bank's community reputation

Negative

• None.

News Market Reaction – STBA

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INDIANA, Pa., Sept. 24, 2024 /PRNewswire/ -- S&T Bank, the wholly owned subsidiary of S&T Bancorp Inc. (NASDAQ, STBA), is proud to announce their $20,000 donation as a participant in this year's WDVE iHeartMedia Pittsburgh fundraiser in support of UPMC Children's Hospital of Pittsburgh. This is the second year in a row that the Bank has donated $20,000 to this important cause.

In support of this year's fundraiser, S&T pledged to donate money during the month of August as customers opened Smart Start Banking accounts which are designed for individuals ages 14-24 who want to begin building a solid foundation in the world of personal finance while gaining early money management skills. S&T's partnership with iHeartMedia and the donation to Children's Hospital go hand in hand with the Bank's people-forward purpose, demonstrating a desire to help young people learn healthy money habits and build long-term financial confidence.

"This donation is another way that we are making people our purpose at S&T Bank," commented Chief Executive Officer, Chris McComish. "It's a compelling opportunity to live out our purpose and help build a better future for customers and communities in and around Pittsburgh. It's even more special when we have a positive impact on the lives of children and their families."

iHeartMedia Pittsburgh Market President, Tim Mcaleer, stated, "The care these children and their families receive depends on funding from WDVE sponsors and listeners, which supports the essential programming and equipment needed for the best treatment. We're delighted to have S&T Bank's unwavering support for the second year and their commitment for many more. Their ongoing contributions enable Child Life Specialists, art and music therapy, holiday programs and year-round birthday celebrations for our patients. Partners like S&T Bank make these miracles happen."

UPMC Children's Hospital of Pittsburgh, regionally, nationally and globally, is a leader in the treatment of childhood conditions and diseases, a pioneer in the development of new and improved therapies, and a top educator of the next generation of pediatricians and pediatric subspecialists.

About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a $9.6 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. For more information visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.

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SOURCE S&T Bank

FAQ

How much did S&T Bank (STBA) donate to UPMC Children's Hospital of Pittsburgh in 2024?

S&T Bank donated $20,000 to UPMC Children's Hospital of Pittsburgh in 2024.

What is the Smart Start Banking account offered by S&T Bank (STBA)?

Smart Start Banking is an account designed by S&T Bank for individuals aged 14-24 to help them build a foundation in personal finance and develop early money management skills.

How did S&T Bank (STBA) tie its donation to customer activity in 2024?

S&T Bank pledged to donate money during August as customers opened Smart Start Banking accounts, linking customer activity to their charitable contribution.

For how many consecutive years has S&T Bank (STBA) donated $20,000 to UPMC Children's Hospital of Pittsburgh?

S&T Bank has donated $20,000 to UPMC Children's Hospital of Pittsburgh for two consecutive years.