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S&T Bancorp's board approves $50M share repurchase plan

Indiana, Pa.-based S&T Bancorp Inc.'s board authorized a $50 million share repurchase plan, which is effective through March 31, 2021.

The specific timing, price and quantity of repurchases will be at the discretion of the company and will depend on a variety of factors, including general market conditions, the trading price of the common stock, legal and contractual requirements and the company's financial performance.

S&T expects to fund any repurchases from cash on hand and internally generated funds.