First Commonwealth Financial Corporation Surveillance Report
Company Profile
First Commonwealth Financial Corporation (NYSE: FCF) (“the company”) is one of the largest Pennsylvania based BHCs, with $11.6 billion in total assets. The primary subsidiary, First Commonwealth Bank (“the bank”), has a history dating back over 80 years, with a branch footprint that bridges the rural markets of Central PA with the urban markets of the PA capital region and Western PA and Columbus and Cincinnati, OH to the west.
Complementing the traditional relationship banking oriented retail and commercial banking products, FCF offers a diverse set of financial services that includes wealth management and insurance offerings.
FCF has supplemented organic growth with M&A, most recently, with a ~$350 million acquisition of CenterGroup Financial, Inc. in Cincinnati, OH projected to close in 2Q25 following the 1Q23 $1 billion acquisition of Centric Financial Corporation (“Centric”), which expanded the footprint east to Harrisburg and…
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