First Commonwealth Transforms Former CenterBank into Success
First Commonwealth Completes CenterBank Integration
INDIANA, Pa. — First Commonwealth Bank, part of First Commonwealth Financial Corporation (NYSE: FCF), has officially completed the conversion and rebranding of the former CenterBank located in Cincinnati. This milestone was reached over a transformative weekend, marking a significant step in the bank's ongoing expansion strategy.
Enhancing Community Presence and Services
The legal closing of this acquisition occurred on April 30 and involved a total of $348.4 million in assets. This substantial addition includes not only three branch locations but also a dedicated loan production office and a mortgage center. This acquisition is a strategic move for First Commonwealth, aiming to strengthen its presence in Cincinnati and support its purpose-built growth model focused on commercial banking.
Consolidation for Improved Services
With the integration, two of the former Milford branch offices will consolidate into a single expansive facility located at 744 State Route 28. This move is designed to streamline services and improve customer experience while eliminating redundancy.
Welcoming New Talent
As part of this transition, 25 employees from CenterBank have successfully moved into new roles within First Commonwealth. Their experience and dedication to customer service will be invaluable as the bank merges its resources and builds stronger relationships in the community.
Leadership Commitment
T. Michael Price, President and CEO of First Commonwealth Financial Corporation, expressed enthusiasm about this new chapter: “We are thrilled to welcome new employees and banking customers to First Commonwealth Bank. Our long-standing relationship with the CenterBank team gives me confidence that their customer-focused approach fits perfectly with our values and business strategy.”
Continuing to lead the Cincinnati market is Amy McFarland, now serving as Regional President. Her experience and commitment to this region will play a crucial role in achieving First Commonwealth’s strategic goals.
Customer Support and Resources
Customers with inquiries can easily reach the First Commonwealth Engagement Center by calling (800) 711-BANK (2265). Additionally, they can explore the bank's offerings and access resources online or via local community offices.
About First Commonwealth Financial Corporation
Headquartered in Indiana, Pennsylvania, First Commonwealth Financial Corporation is dedicated to enriching the financial well-being of its community. With 127 branches across Pennsylvania and Ohio, it offers a comprehensive range of banking services through its subsidiaries, including mortgage and insurance solutions, wealth management, and equipment financing. The commitment to service aligns with First Commonwealth's mission to enhance local businesses and community members alike.
For further details or to initiate banking services, please visit www.fcbanking.com.
CONTACT:
Ron Wahl,
Communications/Media Relations Specialist
(724) 463-6806
RWahl@fcbanking.com
Frequently Asked Questions
What was the purpose of First Commonwealth's acquisition of CenterBank?
The acquisition aimed to enhance First Commonwealth’s market presence in Cincinnati and support its growth strategy focused on commercial banking.
How many employees transitioned to First Commonwealth from CenterBank?
A total of 25 former CenterBank employees have joined First Commonwealth, contributing to the integration effort.
Where will the consolidated Milford branch office be located?
The consolidated Milford branch offices will operate from 744 State Route 28, providing improved services to customers.
Who is leading the Cincinnati market for First Commonwealth?
Amy McFarland continues to serve as the Regional President, ensuring a seamless transition and focus on customer service.
How can customers contact First Commonwealth for support?
Customers can call (800) 711-BANK (2265) or visit their local community office for assistance and inquiries regarding services.
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