Arbitration;Governing Law. Any controversy, claim or dispute arising out of or relating to this Agreement shall be settled solely and exclusively by binding arbitration held in Indiana, PA. Such arbitration shall be conducted in accordance with the then prevailing commercial arbitration rules of the American Arbitration Association. You agree to conduct such arbitration on an individual basis, and not on a class action or representative basis. Each party will (i) pay its pro rata share of the expenses and fees of the arbitrator, together with other expenses of the arbitration incurred or approved by the arbitrator and (ii) bear its own attorneys’ fees and expenses. The decision and award rendered by the arbitrator shall be final and conclusive. If, for any reason, this arbitration clause becomes invalid, then each party, to the fullest extent permitted by law, irrevocably waives all rights to a jury trial in any action, proceeding or counterclaim arising out of or relating to this Agreement or any other matter involving the parties hereto. This Agreement is governed by the laws of the state in which the branch office where you opened your Account is located, except where federal law may otherwise apply. If your account is opened by mail, initiated by an application taken over the phone, over the internet or electronically, and S&T Bank has a branch office in your state when your account is opened, this Agreement is also governed by the laws and regulations of that state. In all other cases, this Agreement will be governed by the laws of the Commonwealth of Pennsylvania.
