Tranche Update on S&T Bancorp, Inc.'s Equity Buyback Plan announced on March 22, 2018.
January 31, 2019 at 08:35 pm IST
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From October 1, 2018 to December 31, 2018, the company has repurchased 321,731 shares, representing 0.92% for $12.26 million. With this, the company has completed the repurchase of 321,731 shares, representing 0.92% for $12.26 million under the buyback announced on March 22, 2018.
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.
S&T BANCORP, INC. 
