S&T Bank approved for merger with DNB First | TribLIVE.com
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S&T Bank approved for merger with DNB First

Stephen Huba
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A.W. McCay Contracting
S&T Bank headquarters in Indiana, Pa.

Indiana-based S&T Bancorp Inc., the holding company for S&T Bank, has received the necessary regulatory approval for its pending acquisition of DNB Financial Corp., the holding company for DNB First, the companies said.

The Pennsylvania Department of Banking & Securities approved the definitive merger agreement this week. The closing of the transaction must still be approved by DNB shareholders at a special meeting scheduled for Sept. 25.

The transaction has an estimated aggregate value of $206 million and will expand S&T’s footprint into southeastern Pennsylvania, including Chester, Delaware and Philadelphia counties.

S&T currently has operations in five markets, including Western Pennsylvania, central Pennsylvania, northeast Ohio, central Ohio and upstate New York. DNB First is a community bank headquartered in Downingtown, Chester County, and with 14 locations.

Stephen Huba is a Tribune-Review staff writer. You can contact Stephen at 724-850-1280, [email protected] or via Twitter .

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