S&T Bank Announces Retirement Of Patrick Tobin Upstate New York Market President And Closing Of Their Rochester Loan Office

Rhea-AI Summary

S&T Bank announced the retirement of Upstate New York Market President Patrick Tobin, effective December 31, 2020. The bank will close its Rochester loan office and consolidate operations to its Buffalo location. With assets of $9.2 billion, S&T Bank operates in five markets. Tobin, who joined in 2015, will be succeeded by Joe Brennan. The transition aims to ensure seamless service continuity for clients. S&T Bancorp was recently ranked #1 in customer satisfaction for retail banking in the Mid-Atlantic by J.D. Power.

Positive

• Successful transition plan in place with Joe Brennan succeeding Tobin.
• Ranked #1 in customer satisfaction with retail banking in the Mid-Atlantic by J.D. Power.

Negative

• Closing of the Rochester loan office may reduce local service availability.
• Departure of a long-serving executive may impact regional business relationships.

INDIANA, Pa., Nov. 9, 2020 /PRNewswire/ -- S&T Bank announced today that Upstate New York Market President Patrick Tobin plans to retire effective December 31, 2020. With his departure, S&T will close the Rochester loan office and consolidate business operations to their Buffalo loan office by year end. S&T Bank is a full-service financial institution with assets of $9.2 billion and current operations in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York.

"We thank Pat for his years of excellent service and the strategic contributions that have brought S&T success in upstate New York. On behalf of every S&T employee, I want to wish Pat the very best as he starts the next chapter in his life," said David G. Antolik, president of S&T Bank. "With Pat's retirement and the consolidation, we are fully committed to providing our clients with a seamless and disruption-free transition that reflects Pat's tireless dedication to delivering excellent client service."

Tobin joined S&T in 2015 with over 35 years of executive experience in banking, finance and real estate development. During his tenure, he was responsible for new business development and managing commercial banking relationships. He will be succeeded by Joe Brennan, senior vice president, market executive, who will expand upon the legacy created by Tobin.

"It is with immense gratitude to S&T Bank and my clients that I announce my retirement," said Tobin. "Congratulations to Joe as my successor. I will leave confident in knowing that he, along with the rest of the S&T team, will provide a seamless transition and will continue to deliver a high level of service to our valued business clients."

For more information about S&T Bank, please visit stbank.com.

About S&T Bancorp, Inc. and S&T Bank 
S&T Bancorp, Inc. is a $9.2 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 recently ranked #1 in customer satisfaction with retail banking in the Mid-Atlantic including best in communication and advice by J.D. Power. Established in 1902, S&T Bank operates in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. For more information visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram, and LinkedIn.

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SOURCE S&T Bancorp, Inc.

FAQ

What is the significance of Patrick Tobin's retirement for STBA?

Patrick Tobin's retirement signifies leadership change at S&T Bank; he has been pivotal in business development since 2015.

How will S&T Bank manage operations after closing the Rochester loan office?

S&T Bank plans to consolidate operations to the Buffalo loan office to maintain service levels after the Rochester office closure.

What are the assets of S&T Bancorp?

S&T Bancorp has assets totaling $9.2 billion, operating across several markets.

When is Patrick Tobin's retirement effective?

Patrick Tobin's retirement is effective December 31, 2020.

Who will succeed Patrick Tobin as Upstate New York Market President?

Joe Brennan will succeed Patrick Tobin as Upstate New York Market President.