S&T BANCORP THANKS FRANK J. PALERMO, JR.

Core Points - Frank J. Palermo, Jr. will not stand for reelection after 12 years on the board of S&T Bancorp due to reaching the mandatory retirement age [1] - S&T Bancorp expresses gratitude for Palermo's dedicated service and contributions to the company [2][4] Company Overview - S&T Bancorp, Inc. is a $9.7 billion bank holding company headquartered in Indiana, Pennsylvania, trading on NASDAQ under the symbol STBA [4] - The principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio [4] Background of Frank J. Palermo, Jr. - Palermo has been the managing shareholder of Palermo, Kissinger & Associates, P.C. since 1983 and is a Certified Public Accountant [3] - He played a key role in forming Gateway Bank of Pennsylvania and served as chairman of the audit committee from 2004 to 2012 [3] - His career spans 43 years in public accounting, contributing significant financial expertise to S&T Bancorp [3][4]