S&T Bancorp, a regional bank based in western Pennsylvania, is expanding into the south-central part of the state in a $155 million deal to buy Integrity Bancshares.
The deal for Integrity Bank's parent company means S&T will add eight branches and $860 million in assets. Integrity is based in Camp Hill, near Harrisburg.
Integrity chairman and chief executive officer James Gibson will join S&T's board as part of the merger, along with another Integrity board member. Integrity's senior management will remain in place as part of the deal, which is expected to close early next year subject to regulatory approvals.
S&T has $4.9 billion in assets and branches in Pennsylvania and Ohio. It was founded in 1902 in Indiana, Pennsylvania, about 45 miles northeast of Pittsburgh.
