Capabilities

Acquisition of IBT Bancorp, Inc. and Irwin Bank

S&T Bancorp, Inc.
2007 - 2008

Our attorneys represented S&T Bancorp, Inc. in its $181 million acquisition by merger of IBT Bancorp, Inc., which was completed on June 6, 2008.  The consideration received by the shareholders of IBT Bancorp, Inc. was a combination of cash and shares of common stock of S&T Bancorp, Inc.  Upon completion of the merger, S&T Bancorp, Inc., a Pennsylvania-based financial holding company, had combined assets of more than $4.3 billion and 55 branch offices in Western Pennsylvania. The firm assisted S&T on all aspects of the transaction, including corporate and securities, regulatory, tax, and employee benefits.  The firm also assisted S&T Bancorp, Inc. in raising the funds to pay a portion of the cash consideration through a private offering of trust preferred securities by S&T Bancorp, Inc. and two private offerings of subordinated debt by S&T Bank.

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