Think of significant banking centers, and New York, London, maybe Charlotte and even Pittsburgh come to mind. But Indiana, Pennsylvania? Absolutely, thanks to two major super-regional financial services companies sharing a birthplace there – S&T Bancorp and First Commonwealth Financial Corporation – both of which have established a ubiquitous presence far beyond their original footprint.
S&T Bancorp, Inc. is a $7.1 billion financial holding company that was founded in 1902 with a single location in Indiana, PA. S&T Bank now provides a full range of financial services to individuals and businesses in 17 counties in Pennsylvania and northeast Ohio, with loan production offices in central Ohio and western New York. S&T-Evergreen Insurance, a division of S&T Insurance Group, LLC, a wholly owned subsidiary of S&T Bank, is a full-service independent insurance agency offering comprehensive insurance solutions for both business and individual clients.
Stewart Capital Advisors, LLC, is a wholly owned registered investment advisor subsidiary of S&T Bank. The same principles that defined S&T at the start remain in place today, according to President and CEO Todd D. Brice.
First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency.
“S&T operates across five geographic markets, which together provide a great platform for steady organic growth,” stated Brice in the 2016 annual report. “Although these markets have varying needs and preferences regarding specific banking and financial services, we are able to meet our customers’ demands by offering a wide variety of high-quality products typically found at our largest competitors. These offerings, when combined with superior level of customer service, were the keys to generating positive results in 2016. We have the vision, products, services, geographic presence, and most of all the culture and the people, to remain on a path to continued profitable growth, and we anticipate this trend to extend into 2017.”
First Commonwealth Financial Corporation, also founded and still headquartered in Indiana, is a financial services company with $6.8 billion in total assets and 135 banking offices in 20 counties throughout western and central Pennsylvania and northern and central Ohio, as well as a Corporate Banking Center in Cleveland, Ohio and mortgage offices in Stow and Dublin, Ohio.
First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency.
“First Commonwealth’s headquarters is in Indiana County, but we operate all over western Pennsylvania, northern Ohio and central Ohio. We’re a true community bank, but we offer comparable solutions to larger financial institutions, especially in our digital products,” said Mike Price, CEO of First Commonwealth.
“Our mission here at First Commonwealth is to improve the financial lives of our neighbors and their businesses, which means we respond to customers’ preferred methods of banking, by offering mobile and online banking solutions, but also ensuring that in-office banking remains for those who prefer to bank face-to-face with our team.”