S&T Bancorp, Inc. and S&T Bank Announces Executive Changes
January 08, 2019 at 03:56 am IST
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On January 7, 2019, the Board of Directors of S&T Bancorp, Inc. (S&T) appointed David G. Antolik as president of S&T and accepted the resignation of Todd D. Brice as president. Mr. Brice will continue his role as CEO of S&T. Mr. Antolik was also appointed president of S&T's wholly owned subsidiary, S&T Bank. Mr. Antolik has served as senior executive vice president, chief lending officer of S&T for the past 11 years and has been with S&T for 29 years. He currently acts as the Vice Chairman of the IUP Research Institute and is a member of the Indiana County Development Corporation's Board of Directors. While serving as senior executive vice president, chief lending officer, Dave's exceptional communication skills, paired with his abilities to analyze financial statements and anticipate customers' needs resulted in rapid internal growth within the company. In addition to his duties as president, Dave will remain chief lending officer of the Bank. He will continue to lead the Bank's successful commercial banking division across its ever expanding footprint, where he will also be responsible for overseeing the market-based strategic initiatives in partnership with the market presidents. In addition, the consumer banking division will also report through Dave to support the Bank's integrated line of business approach.
S&T Bancorp, Inc. is a bank holding company. The Companyâs segments include Commercial Real Estate (CRE), Commercial and Industrial (C&I), Commercial Construction, Business Banking, Consumer Real Estate and Other Consumer. The CRE segment includes loans secured by commercial purpose real estate, including both owner-occupied properties and investment properties for various purposes such as hotels, retail, multifamily and healthcare. The C&I segment includes loans made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory, or equipment financing. The Commercial Construction segment includes loans made to finance the construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. The Business Banking segment includes commercial loans made to small businesses. Consumer Real Estate segment includes loans secured by first and second liens.