First Commonwealth Completes Acquisition of CenterGroup Financial, Inc.
First Commonwealth Financial Corporation (NYSE: FCF) has completed its acquisition of CenterGroup Financial, the parent company of Ohio-based CenterBank. The merger expands First Commonwealth's presence in the Cincinnati market. Following a systems conversion in June 2025, CenterBank customers will gain access to First Commonwealth's extensive network of 55,000 surcharge-free ATMs worldwide and 127 retail offices across Pennsylvania and Ohio.
The acquisition will provide CenterBank customers with enhanced services including mortgage and personal loans, wealth management, insurance, improved online banking, and mobile solutions. Commercial clients will benefit from expanded financing options, cash management services, and payment processing capabilities.
First Commonwealth Financial Corporation (NYSE: FCF) ha completato l'acquisizione di CenterGroup Financial, la società madre di CenterBank con sede in Ohio. La fusione amplia la presenza di First Commonwealth nel mercato di Cincinnati. Dopo una conversione dei sistemi prevista per giugno 2025, i clienti di CenterBank potranno accedere all'ampia rete di First Commonwealth di 55.000 sportelli ATM senza commissioni in tutto il mondo e a 127 filiali distribuite tra Pennsylvania e Ohio.
L'acquisizione offrirà ai clienti di CenterBank servizi migliorati, tra cui mutui e prestiti personali, gestione patrimoniale, assicurazioni, un online banking potenziato e soluzioni mobili. I clienti commerciali beneficeranno di opzioni di finanziamento più ampie, servizi di gestione della liquidità e capacità di elaborazione dei pagamenti.
First Commonwealth Financial Corporation (NYSE: FCF) ha completado la adquisición de CenterGroup Financial, la empresa matriz de CenterBank, con sede en Ohio. La fusión amplía la presencia de First Commonwealth en el mercado de Cincinnati. Tras una conversión de sistemas en junio de 2025, los clientes de CenterBank tendrán acceso a la extensa red de First Commonwealth de 55,000 cajeros automáticos sin recargos a nivel mundial y 127 oficinas comerciales en Pennsylvania y Ohio.
La adquisición proporcionará a los clientes de CenterBank servicios mejorados, incluyendo préstamos hipotecarios y personales, gestión de patrimonio, seguros, banca en línea mejorada y soluciones móviles. Los clientes comerciales se beneficiarán de opciones ampliadas de financiamiento, servicios de gestión de efectivo y capacidades de procesamiento de pagos.
First Commonwealth Financial Corporation (NYSE: FCF)는 오하이오에 본사를 둔 CenterBank의 모회사인 CenterGroup Financial 인수를 완료했습니다. 이번 합병으로 First Commonwealth는 신시내티 시장에서의 입지를 확장하게 되었습니다. 2025년 6월 시스템 전환 후, CenterBank 고객들은 전 세계적으로 55,000개의 수수료 없는 ATM과 펜실베이니아와 오하이오에 위치한 127개의 지점을 보유한 First Commonwealth의 광범위한 네트워크를 이용할 수 있게 됩니다.
이번 인수로 CenterBank 고객들은 주택담보대출과 개인대출, 자산 관리, 보험, 향상된 온라인 뱅킹 및 모바일 솔루션 등 다양한 서비스를 제공받게 됩니다. 상업 고객들은 확대된 금융 옵션, 현금 관리 서비스, 결제 처리 기능의 혜택을 누릴 것입니다.
First Commonwealth Financial Corporation (NYSE : FCF) a finalisé l'acquisition de CenterGroup Financial, la société mère de CenterBank basée dans l'Ohio. Cette fusion étend la présence de First Commonwealth sur le marché de Cincinnati. Après une conversion des systèmes prévue en juin 2025, les clients de CenterBank auront accès au vaste réseau de First Commonwealth comprenant 55 000 distributeurs automatiques sans frais dans le monde entier et 127 agences réparties en Pennsylvanie et en Ohio.
Cette acquisition offrira aux clients de CenterBank des services améliorés, notamment des prêts hypothécaires et personnels, la gestion de patrimoine, l'assurance, une banque en ligne améliorée et des solutions mobiles. Les clients commerciaux bénéficieront d'options de financement élargies, de services de gestion de trésorerie et de capacités de traitement des paiements.
First Commonwealth Financial Corporation (NYSE: FCF) hat die Übernahme von CenterGroup Financial, der Muttergesellschaft der in Ohio ansässigen CenterBank, abgeschlossen. Die Fusion erweitert die Präsenz von First Commonwealth im Markt von Cincinnati. Nach einer Systemumstellung im Juni 2025 erhalten CenterBank-Kunden Zugang zu First Commonwealths umfangreichem Netzwerk von 55.000 gebührenfreien Geldautomaten weltweit sowie zu 127 Filialen in Pennsylvania und Ohio.
Die Übernahme wird den Kunden von CenterBank verbesserte Dienstleistungen bieten, darunter Hypotheken- und Privatkredite, Vermögensverwaltung, Versicherungen, verbessertes Online-Banking und mobile Lösungen. Geschäftskunden profitieren von erweiterten Finanzierungsmöglichkeiten, Cash-Management-Diensten und Zahlungsabwicklung.
- Strategic expansion into the Cincinnati market through acquisition
- Access to larger network of 55,000 ATMs and 127 retail offices
- Enhanced product offerings including wealth management, insurance, and improved digital banking services
- Expanded commercial banking capabilities and financing solutions
- None.
INDIANA, Pa., May 01, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) (“First Commonwealth”) today announced that it has completed its previously announced acquisition of CenterGroup Financial, Inc. (“CenterGroup”), the parent company of Milford, Ohio-based CenterBank.
“We are pleased to announce the completion of the merger with CenterBank and are excited to expand our presence in the Cincinnati market,” said President and Chief Executive Officer T. Michael Price. “CenterBank has built a strong reputation as a business-focused community bank, and we look forward to welcoming our new CenterBank teammates and clients as we build upon their success.”
Following a full systems conversion in June 2025, CenterBank customers will be able to access First Commonwealth’s network of 55,000 surcharge-free ATMs worldwide, as well as 127 retail offices located across Pennsylvania and Ohio.
Customers will also have access to additional products and services, including mortgage and personal loans, wealth management and insurance, and enhanced online banking, BillPay, mobile banking and mobile payment solutions. Commercial customers will have access to a wide array of financing solutions, a full line of cash management services and a set of payment processing options to help manage credit and debit card transaction processing.
For a complete listing of First Commonwealth’s products and services as well as office and ATM locations, please visit www.fcbanking.com or call the Engagement Center at (800) 711-BANK (2265). TTY/TDD services are available for the speech and hearing impaired at (877) 816-1801.
About First Commonwealth Financial Corporation
First Commonwealth, headquartered in Indiana, Pennsylvania, is a financial services company with 125 banking offices in 30 counties throughout Pennsylvania and Ohio, as well as business banking operations in Pittsburgh, Pennsylvania, and Canton, Cleveland, Columbus and Cincinnati, Ohio. The Company also operates mortgage offices in Wexford, Pennsylvania, as well as Hudson, and Lewis Center, Ohio. First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, equipment finance, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency.
Forward-Looking Statements
Certain statements contained in this release which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, certain plans, expectations, goals, projections and benefits relating to the merger transaction between First Commonwealth and CenterGroup Financial, Inc. These statements can be identified by the fact that they do not relate strictly to historical or current facts and often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Such statements are based on assumptions and involve risks and uncertainties, many of which are beyond First Commonwealth’s control. In addition to factors previously disclosed in reports filed by First Commonwealth with the Securities and Exchange Commission, risks and uncertainties relating to the merger transaction and the integration of CenterBank into First Commonwealth after the merger include, but are not limited to: the possibility that any of the anticipated benefits of the proposed merger will not be realized or will not be realized within the expected time period; the risk that integration of CenterBank’s operations with those of First Commonwealth will be materially delayed or will be more costly or difficult than expected; diversion of management's attention from ongoing business operations and opportunities; the challenges of integrating and retaining key employees; the effect of the announcement of the merger on First Commonwealth’s, CenterBank’s or the combined company's respective customer relationships and operating results; and general competitive, economic, political and market conditions and fluctuations. All forward-looking statements included in this filing are made as of the date hereof and are based on information available at the time of the filing. Except as required by law, First Commonwealth assumes no obligation to update any forward-looking statement.
Media Relations:
Ron Wahl
Assistant Vice President / Communications and Media Specialist
Phone: 724-463-6806
E-mail: RWahl@fcbanking.com
Investor Relations:
Ryan M. Thomas
Vice President / Finance and Investor Relations
Phone: 724-463-1690
E-mail: RThomas1@fcbanking.com
FAQ
What companies are involved in First Commonwealth's (FCF) latest acquisition?
When will CenterBank customers transition to First Commonwealth's (FCF) systems?
How many ATMs and retail locations will FCF customers have access to after the merger?
What new services will be available to former CenterBank customers after the FCF acquisition?
