INDIANA, Pa. -- S&T Bancorp, parent of S&T Bank, said it has become a member of the Federal Home Loan Bank of Pittsburgh.

Robert D. Duggan, the bank's president and chief executive officer, said the membership gives it access to "additional funds for mortgage lending, thus increasing our liquidity and allowing us to leverage our strong capital base."

S&T, with $1 billion in assets, is one of about 1,000 commercial bank that have become stockholders of the Federal Home Loan Bank System since membership was opened to nonthrifts in 1989.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.