First Commonwealth Bank (NYSE: FCF) has successfully completed the systems conversion and rebranding of CenterBank in Cincinnati, Ohio, following the legal closing of the acquisition on April 30, 2025. The acquisition includes $348.4 million in total assets, three branch locations, a loan production office, and a mortgage center. The transaction strengthens First Commonwealth's Cincinnati presence with a 65% business-focused customer base. As part of the integration, two Milford branch offices will consolidate into one location, and 25 former CenterBank employees have transitioned to First Commonwealth. Amy McFarland will continue leading as Regional President for Cincinnati, maintaining the bank's commitment to customer-focused, commercially oriented business operations in this strategic market.
First Commonwealth Bank (NYSE: FCF) ha completato con successo la conversione dei sistemi e il rebranding di CenterBank a Cincinnati, Ohio, dopo la chiusura legale dell'acquisizione avvenuta il 30 aprile 2025. L'acquisizione comprende un totale di 348,4 milioni di dollari in attività, tre filiali, un ufficio di produzione prestiti e un centro mutui. L'operazione rafforza la presenza di First Commonwealth a Cincinnati, con una base clienti focalizzata al 65% sul business. Nell'ambito dell'integrazione, due filiali di Milford saranno consolidate in un'unica sede e 25 ex dipendenti di CenterBank sono passati a First Commonwealth. Amy McFarland continuerà a guidare come Presidente Regionale per Cincinnati, mantenendo l'impegno della banca verso operazioni commerciali orientate al cliente in questo mercato strategico.
First Commonwealth Bank (NYSE: FCF) ha completado con éxito la conversión de sistemas y el cambio de marca de CenterBank en Cincinnati, Ohio, tras el cierre legal de la adquisición el 30 de abril de 2025. La adquisición incluye activos totales por 348,4 millones de dólares, tres sucursales, una oficina de producción de préstamos y un centro hipotecario. La transacción fortalece la presencia de First Commonwealth en Cincinnati con una base de clientes enfocada en negocios del 65%. Como parte de la integración, dos sucursales en Milford se consolidarán en una sola ubicación y 25 ex empleados de CenterBank han pasado a First Commonwealth. Amy McFarland continuará liderando como Presidenta Regional para Cincinnati, manteniendo el compromiso del banco con operaciones comerciales orientadas al cliente en este mercado estratégico.
First Commonwealth Bank(NYSE: FCF)는 2025년 4월 30일 인수의 법적 마감 후 오하이오주 신시내티에 위치한 CenterBank의 시스템 전환 및 리브랜딩을 성공적으로 완료했습니다. 이번 인수에는 총 3억 4,840만 달러의 자산, 세 개의 지점, 대출 생산 사무소 및 모기지 센터가 포함되어 있습니다. 이 거래로 First Commonwealth는 신시내티에서 65%가 비즈니스 중심 고객 기반을 보유하며 입지를 강화했습니다. 통합의 일환으로 두 개의 Milford 지점이 하나로 통합되고, 25명의 전 CenterBank 직원이 First Commonwealth로 전환되었습니다. Amy McFarland는 신시내티 지역 대표로 계속해서 은행의 고객 중심 및 상업 지향적 비즈니스 운영에 대한 약속을 유지할 예정입니다.
First Commonwealth Bank (NYSE : FCF) a finalisé avec succès la conversion des systèmes et le rebranding de CenterBank à Cincinnati, Ohio, suite à la clôture légale de l'acquisition le 30 avril 2025. L'acquisition comprend un total d'actifs de 348,4 millions de dollars, trois agences, un bureau de production de prêts et un centre hypothécaire. Cette transaction renforce la présence de First Commonwealth à Cincinnati avec une clientèle composée à 65 % d'entreprises. Dans le cadre de l'intégration, deux agences de Milford seront regroupées en un seul site, et 25 anciens employés de CenterBank ont rejoint First Commonwealth. Amy McFarland continuera de diriger en tant que Présidente régionale pour Cincinnati, maintenant l'engagement de la banque envers des opérations commerciales axées sur la clientèle dans ce marché stratégique.
First Commonwealth Bank (NYSE: FCF) hat die Systemumstellung und das Rebranding von CenterBank in Cincinnati, Ohio, erfolgreich abgeschlossen, nachdem der rechtliche Abschluss der Übernahme am 30. April 2025 erfolgte. Die Übernahme umfasst insgesamt 348,4 Millionen US-Dollar an Vermögenswerten, drei Filialen, ein Kreditproduktionsbüro und ein Hypothekenzentrum. Die Transaktion stärkt die Präsenz von First Commonwealth in Cincinnati mit einer zu 65 % geschäftlich orientierten Kundenbasis. Im Rahmen der Integration werden zwei Milford-Filialen zu einem Standort zusammengelegt, und 25 ehemalige CenterBank-Mitarbeiter sind zu First Commonwealth gewechselt. Amy McFarland wird weiterhin als Regionalpräsidentin für Cincinnati fungieren und das Engagement der Bank für kundenorientierte, kommerziell ausgerichtete Geschäftsaktivitäten in diesem strategischen Markt aufrechterhalten.
Positive
Acquisition adds significant assets worth $348.4 million to First Commonwealth's portfolio
Strategic expansion in Cincinnati market with three branch locations, loan production office, and mortgage center
Strong commercial focus with 65% business-oriented customer base
Operational efficiency through consolidation of two Milford branch offices
Successful retention of 25 CenterBank employees ensuring business continuity
Negative
Potential short-term integration costs and operational adjustments
Reduction in physical presence through branch consolidation may affect some customers
INDIANA, Pa., June 09, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Bank, a subsidiary of First Commonwealth Financial Corporation (NYSE: FCF), completed its systems conversion and rebranding of the former CenterBank in Cincinnati, Ohio, over the weekend of June 6-8.
Legal closing of the CenterBank acquisition was completed on April 30, 2025 and included $348.4 million in total assets, three branch locations, a loan production office, and a mortgage center. This transaction significantly increases First Commonwealth’s Cincinnati franchise and supports its commercially focused growth strategy by adding a customer base that is 65 percent business. As part of the integration, two separate Milford branch offices of the banks will consolidate into one office at 744 State Route 28, Milford, Ohio. Twenty-five former CenterBank employees have also transitioned into roles at First Commonwealth.
“I’m excited to welcome our new employees and our new personal and business banking customers to First Commonwealth Bank,” said T. Michael Price, President and CEO of First Commonwealth Financial Corporation. “We have known the CenterBank team for a long time and believe its customer-focused, commercially oriented business model strongly aligns with our culture and enhances our existing Cincinnati growth plans in this highly attractive market.”
Amy McFarland, Regional President for Cincinnati, will continue as First Commonwealth’s lead executive in the market.
Customers with questions are encouraged to call First Commonwealth’s Engagement Center at (800) 711-BANK (2265), visit https://www.fcbanking.com/welcome/, email welcome@fcbanking.com, or visit their local community office.
About First Commonwealth Financial Corporation
First Commonwealth Financial Corporation (NYSE: FCF), headquartered in Indiana, Pennsylvania, is a community bank committed to its mission of improving the financial lives of its neighbors and their businesses. First Commonwealth operates 127 branches throughout Pennsylvania and Ohio and also has business banking centers in Pittsburgh and Harrisburg, Pennsylvania; and Cleveland, Canton, Cincinnati and Columbus, Ohio. First Commonwealth, through subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency, provides a full range of commercial and retail banking services, including mortgage, wealth management and insurance solutions, along with equipment financing and SBA and indirect lending. For more information about First Commonwealth or to open an account today, please visit www.fcbanking.com.
CONTACT:
Ron Wahl, Communications/Media Relations Specialist (724) 463-6806 RWahl@fcbanking.com
FAQ
What is the total asset value of First Commonwealth's CenterBank acquisition?
The CenterBank acquisition includes $348.4 million in total assets.
How many CenterBank employees joined First Commonwealth Bank after the acquisition?
Twenty-five former CenterBank employees have transitioned into roles at First Commonwealth Bank.
When did First Commonwealth Bank (FCF) complete the legal closing of CenterBank acquisition?
The legal closing of the CenterBank acquisition was completed on April 30, 2025.
Who is leading First Commonwealth's Cincinnati operations after the CenterBank acquisition?
Amy McFarland continues as First Commonwealth's Regional President for Cincinnati.
What percentage of CenterBank's customer base is business-focused?
65 percent of CenterBank's customer base is business-focused.
What changes are happening to the Milford branch locations after the acquisition?
Two separate Milford branch offices will consolidate into one office at 744 State Route 28, Milford, Ohio.
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