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NEWS RELEASE
MONROEVILLE, PA — April 3, 2009 - STANDARD BANK (“Standard” or the “Bank”) will join community bankers throughout the nation during April to celebrate Community Banking Month. This year, as in the past, community bankers across the nation will make a combined effort to share the message with their customers about the important economic and social contribution their banks make in their hometowns.
Tim Zimmerman, Standard Bank President & CEO stated, "I'm proud to unite with other community bankers across the nation to display our dedication to our customers and the communities we serve.” Zimmerman added, "Our bank has a different philosophy than larger financial institutions. We are uniquely committed to the local area and our focus lies in helping those communities to grow and prosper. Standard has maintained a strong capital position throughout the financial crisis. We’ve continued to lend and offer good quality deposit products. Standard also did not take any monies from the Troubled Asset Relief Program (“TARP”) and, as a result, continues to operate independently without government intervention.” As part of this month-long celebration, Standard will host its annual Customer Appreciation Days April 20th – 30th. Each year, Standard offers special events and product offerings to thank customers for their banking relationships. The Bank will hold a special Community-oriented “Thank You” Giveaway in April. Each of Standard’s community banking offices purchased gift certificates from local businesses. Bank customers can register to win the gift certificates and help stimulate the local community by dining or shopping locally. Community banks are independent, and locally owned and operated institutions. About 8,000 community banks across America today are recognized for personalized service, community reinvestment and focus on the local economy, customers and their families. Standard is a member of the Independent Community Bankers of America (ICBA). The ICBA is the nation’s voice for community banks, represents nearly 5,000 community banks of all sizes and charter types throughout the United States and is dedicated exclusively to representing the interests of the community banking industry and the communities and customers it serves. For more information on Community Banking Month, visit www.icba.org or stop in any Standard Bank office for all the details. Established in 1913, Standard is a Pennsylvania chartered savings bank with assets of $358 million. Standard operates ten offices serving individuals and small to mid-sized businesses in Allegheny, Westmoreland and Bedford Counties, in Pennsylvania and Allegany County in Maryland. Standard is a wholly owned subsidiary of Standard Mutual Holding Company, which has not issued any stock. There is no common stock traded on any exchange. |
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